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MMI - MMI Holdings Limited - Dealings in securities by directors

Release Date: 19/09/2011 15:54
Code(s): MMI
Wrap Text

MMI - MMI Holdings Limited - Dealings in securities by directors MMI Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 2000/031756/06 ISIN Code: ZAE000149902 JSE Share Code: MMI NSX Share Code: MIM ("MMI" or "the company") DEALINGS IN SECURITIES BY DIRECTORS Director: Nicolaas Abraham Stefanus Kruger Company: MMI Holdings Nature of transaction: Vesting of forfeitable shares Type of trade: Off market Number of securities: 58 748 Class of securities: Ordinary shares Deemed Price*: R16-40 Total Value of Transaction: R963 467-20 Nature of Interest: Direct, beneficial Clearance obtained: Yes Director: Morris Mthombeni Company: MMI Holdings Nature of transaction: Vesting of forfeitable shares Type of trade: Off market Number of securities: 29 427 Class of securities: Ordinary shares Deemed Price*: R16-40 Total Value of Transaction: R482 602-80 Nature of Interest: Direct, beneficial Clearance obtained: Yes * In terms of the FirstRand Forfeitable Share Plan, Messrs Kruger and Mthombeni were issued with FirstRand Ordinary Shares on 15 September 2009 subject to a restriction on trading these shares, which restriction was lifted on 15 September 2011. Following the acquisition of Momentum Group by MMI Holdings ("the Momentum lift-out"), a distribution of MMI Holdings shares was made to FirstRand ordinary shareholders. Flowing from the Momentum lift-out Mr Kruger received 58 748 MMI Holdings shares and Mr Mthombeni received 29 427 MMI Holdings shares. Both Mr Kruger and Mr Mthombeni have now taken delivery of these MMI Holdings ordinary shares following the lifting of the restriction in trading in these shares. The deemed price represents the closing price of the MMI Holdings shares on 15 September 2011. Pretoria 19 September 2011 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 19/09/2011 15:54:37 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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