To view the PDF file, sign up for a MySharenet subscription.

VKE - Vukile - Dealing in securities by a director

Release Date: 30/05/2011 11:45
Code(s): VKE
Wrap Text

VKE - Vukile - Dealing in securities by a director Vukile Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2002/027194/06) ISIN: ZAE000056370 JSE Share code: VKE NSX Share code: VKN ("Vukile" or "the company") DEALING IN SECURITIES BY A DIRECTOR In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements"), unitholders are hereby advised that Sanlam Capital Markets (Pty) Limited ("SCM") previously acquired linked units on behalf of the Vukile Staff Retention Scheme ("the Scheme"). The release of the linked units so acquired by SCM to Mr van Zyl was conditional upon him being employed by the company on 30 June 2012 and 2013. Following the resignation of Mr van Zyl, the vesting of the linked units was accelerated pro rata to 30 September 2011 and the sale by SCM of the linked units forfeited by Mr van Zyl in terms of the Scheme is disclosed below: Name of director: Gerhard van Zyl Name of company: Vukile Date on which transaction was effected: 26 May 2011 Nature of transaction: Sale Class of security: Linked units Number of linked units: 225 830 Price per linked unit: R14.4596 Total value of transaction: R3 265 429.06 Nature of director`s interest: Indirect non-beneficial Confirmation of on-market or off-market: on-market The proceeds from the above sale will be refunded by SCM to the company. In compliance with paragraph 3.66 of the Listings Requirements, prior clearance to deal in the above securities was obtained from the Chairman of the Board. The above trade was completed outside of a closed period. Roodepoort 30 May 2011 JSE sponsor: One Capital NSX sponsor: IJG Securities (Pty) Ltd Date: 30/05/2011 11:45:00 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.

Share This Story