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MML - Metmar Limited - Dealings in securities by a director

Release Date: 05/07/2011 17:24
Code(s): MML
Wrap Text

MML - Metmar Limited - Dealings in securities by a director Metmar Limited Incorporated in the Republic of South Africa Registration number: 1998/007269/06 Share code: MML ISIN code: ZAE000078747 ("Metmar" or "the Company") DEALINGS IN SECURITIES BY A DIRECTOR In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements"), the following information relating to dealings in Metmar shares by a director of Metmar Trading (Proprietary) Limited is disclosed: Name of director: Mr B Hean Date transaction was effected: 1 July 2011 Nature of transaction: Transfer of securities held in Escrow to Mr Hean in respect of the acquisition by Metmar of the businesses conducted by West African International (Proprietary) Limited and West African Ventures (Proprietary) Limited as announced on SENS on 24 April 2008 ("Previous Transaction") Class of security: Ordinary shares Number of securities: 120 675 Total value of transaction: There is no value attributable to the transaction as it was part of the consideration payable in respect of the Previous Transaction. Notwithstanding this, in compliance with paragraph 3.63(b)(iv) of the Listings Requirements, the deemed value of the transaction, based on the prevailing market price (Metmar`s closing price on 1 July 2011 of 320 cents per share) is R386 160 Nature of director`s interest: Direct beneficial Confirmation of on-market or off-market: Off-market Clearance to deal: Not applicable due to nature of the transaction 5 July 2011 Bryanston Sponsor One Capital Date: 05/07/2011 17:24:00 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.

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