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UCS - UCS Group Limited - Directors` dealings in securities UCS Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/002253/06) JSE code: UCS ISIN: ZAE000016150 ("UCS") DIRECTORS` DEALINGS IN SECURITIES Mr JD Bright has, through an entity which he controls, entered into a transaction with management and certain executive directors of UCS or their associates ("Management") in terms of which Management will receive further exposure to the UCS share price through the off-market sale of, inter alia, all the rights and obligations attached to 3 050 000 UCS shares ("Shares") to Management ("Transaction"). In terms of the Transaction, Management will acquire the Shares as well as the entitlement of the Shares to Business Connexion Group Limited ordinary and "A" ordinary shares ("BCX Shares"), as calculated in accordance with the unbundling ratio applied per UCS share when UCS unbundled its holding of BCX Shares to UCS shareholders on 23 May 2011, for a price of R2.00 per UCS ordinary share ("Consideration"). The Consideration will be settled on a deferred purchase payment basis in three equal instalments payable on 25 August 2011, 2012 and 2013 respectively and is subject to adjustment in accordance with any liabilities and/or dividends relating to the Shares and related BCX Shares acquired. In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements"), the relevant dealings by directors of UCS and their associates in UCS securities, are disclosed below: Name of director: JD Bright Name of company of which he is a director: UCS Class of security: Ordinary shares Number of securities: 3 050 000 Price of securities: R2.00 Value of transaction: R6 100 000 Nature of transaction: Disposal of an interest in UCS shares Nature of director`s interest: Indirect beneficial Date on which transaction became effective: 8 August 2011 Confirmation of on-market or off-market: Off-market Name of director: DC Sparrow via The Sparrow Trust of which he is a beneficiary
Name of company of which he is a director: UCS Class of security: Ordinary shares Number of securities: 900 000 Price of securities: R2.00 Value of transaction: R1 800 000 Nature of transaction: Acquisition of an interest in UCS shares Nature of director`s interest: Indirect beneficial Date on which transaction became effective: 8 August 2011 Confirmation of on-market or off-market: Off-market Name of associate: Mrs P Michelson Name of director: NA Michelson Relationship with the director: Director`s wife Name of company of which he is a director: UCS Class of security: Ordinary shares Number of securities: 750 000 Price of securities: R2.00 Value of transaction: R1 500 000 Nature of transaction: Acquisition of an interest in UCS shares
Nature of director`s interest: Indirect non-beneficial Date on which transaction became effective: 8 August 2011 Confirmation of on-market or off-market: Off-market Name of director: JP Fortuin Name of company of which she is a director: UCS Class of security: 300 000 Price of securities: R2.00 Value of transaction: R600 000 Nature of transaction: Acquisition of an interest in UCS shares Nature of director`s interest: Direct beneficial Date on which transaction became effective: 8 August 2011 Confirmation of on-market or off-market: Off-market 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 trades were completed outside of a closed period. Johannesburg 10 August 2011 Sponsor One Capital Date: 10/08/2011 16:55:00 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.
