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BSS - BSI STEEL Limited - Dealing in securities by Directors

Release Date: 14/07/2011 12:05
Code(s): BSS
Wrap Text

BSS - BSI STEEL Limited - Dealing in securities by Directors BSI STEEL Limited (Incorporated in the Republic of South Africa) (Registration number 2001/023164/06) JSE code: BSS ISIN: ZAE000125134 ("BSI" or "the company") DEALING IN SECURITIES BY DIRECTORS Shareholders are referred to the Vunani Limited ("Vunani") announcement released on SENS on 30 June 2011, wherein Vunani announced the acquisition of 20 million BSI ordinary shares through its wholly owned subsidiary Vunani Capital Proprietary Limited from Longfellow Family Trust and the Denbigh Family Trust (collectively, "the trusts") The trusts are the family trusts of Mr William Battershill. In compliance with the terms of paragraph 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the company hereby discloses the following director`s dealings in the company`s shares: Name: Mr William Battershill (BSI executive chairman) Number of shares: 20 000 000 Price: R0.719949 Total Value: R14 398 972 Date: 12 July 2011 Class of shares: Ordinary Shares Nature of transaction: Disposal - off market trade Interest: Indirect beneficial Clearance to deal: Yes Name: Mr Butana Khoza (BSI independent non-executive director and Vunani executive director)
Number of shares: 20 000 000 Price: R0.719949 Total Value: R14 398 972 Date: 12 July 2011 Class of shares: Ordinary Shares Nature of transaction: Acquisition - off market trade Interest: Indirect beneficial Clearance to deal: Yes Name: Mr Mark Anderson (alternate independent non- executive director to Butana Khoza) Number of shares: 20 000 000 Price: R0.719949 Total Value: R14 398 972 Date: 12 July 2011 Class of shares: Ordinary Shares Nature of transaction: Acquisition - off market trade Interest: Indirect beneficial Clearance to deal: Yes The abovementioned disposal of shares to Vunani Capital Proprietary Limited, by way of an exchange of BSI shares for shares in Vunani, strengthens BSI`s Black Economic Empowerment credentials and will further strengthen the current working relationship between BSI and Vunani. Johannesburg 14 July 2011 Designated Advisor Sasfin Capital (A division of Sasfin Bank Limited) Date: 14/07/2011 12:05:01 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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