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ARH - ARB - Dealing in securities by a director of a major subsidiary

Release Date: 11/05/2011 15:02
Code(s): ARH
Wrap Text

ARH - ARB - Dealing in securities by a director of a major subsidiary ARB HOLDINGS LIMITED (Registration number: 1986/002975/06) Share code: ARH ISIN: ZAE000109435 ("ARB" or "the Company") DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited, shareholders are advised of the following sale of ordinary shares in ARB: Name of Director: Bruce Sloley Position: Director of the Company`s major subsidiary ARB Electrical Wholesalers (Proprietary) Limited Class of securities: Ordinary shares in ARB Holdings Limited
Date of transactions: 10 May 2011 Nature and extent of interest: Direct beneficial Nature of transactions: Sale of shares 1. Number of securities: 945,000 Price per security: 312 cents Total value of transaction: R2,948,400 2. Number of securities: 1,968,851 Price per security: 315 cents Total value of transaction: R6,201,880.65 3. Number of securities: 61,149 Price per security: 319 cents Total value of transaction: R195,065.31 4. Number of securities: 25,000 Price per security: 320 cents Total value of transaction: R80,000 The shares were sold in an on-market transaction. Clearance in terms of section 3.66 of the Listings Requirements has been obtained. Durban 11 May 2011 Sponsor: Grindrod Bank Limited Date: 11/05/2011 15:02:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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