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PMM - Premium Properties Limited - Dealing in securities by directors

Release Date: 12/05/2011 14:11
Code(s): PMM
Wrap Text

PMM - Premium Properties Limited - Dealing in securities by directors PREMIUM PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/003601/06) Share code: PMM ISIN: ZAE000009254 ("Premium") DEALING IN SECURITIES BY DIRECTORS In compliance with rule 3.63 of the JSE Limited Listings Requirements, Alpiet Investments (Proprietary) Limited ("Alpiet") purchased the following Premium linked units on the open market: 33 692 Premium linked units at a price of R16.36 per linked unit, with a total value of R551 201.12 on 10 May 2011; and 22 000 Premium linked units at a price of R16.35 per linked unit, with a total value of R359 700 on 11 May 2011. Alec Wapnick, Premium`s chairman, has an indirect non-beneficial holding of 36.66% of the share capital of Alpiet. Non-Executive director Sharon Wapnick and managing director Jeffery Wapnick each have an indirect beneficial holding of 31.66% of the share capital of Alpiet respectively. Clearance to deal was received in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Pretoria 12 May 2011 Investment bank and sponsor Nedbank Capital Date: 12/05/2011 14:11:01 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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