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VKE/VKN - Vukile Property Fund Limited - Dealing in securities by a director

Release Date: 31/08/2011 09:48
Code(s): VKE
Wrap Text

VKE/VKN - Vukile Property Fund Limited - 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") DEALING IN SECURITIES BY A DIRECTOR In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements") linked unitholders are hereby advised of following dealing in Vukile securities: Name of director: L Rapp Company of which he is a director: Vukile Property Fund Limited Nature of transaction: Purchase of linked units by an associate of L Rapp
Name of associate: The Laurence Rapp Family Trust Relationship with director: A family trust of which L Rapp is a trustee and of which he and his immediate family are beneficiaries
Class of security: Linked units Date transaction was effected: 30 August 2011 Number of linked units: 192 100 Price per linked unit: R13.50 Total value of transaction: R 2 593 350 Trading restrictions: In terms of L Rapp`s service contract, a cash bonus has been used to acquire linked units and the following trading restrictions
apply to such linked units acquired: - 40% may not be disposed of for 2 years; - 30% may not be disposed of for 3 years; - 30% may not be disposed of for 4 years;
Nature of director`s interest: Indirect beneficial 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 trade was completed outside of a closed period. Roodepoort 31 August 2011 JSE sponsor: One Capital NSX sponsor: IJG Securities (Pty) Ltd Date: 31/08/2011 09:48:03 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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