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EXL - Excellerate Holdings Limited - Dealings in securities by directors

Release Date: 14/11/2011 14:30
Code(s): EXL
Wrap Text

EXL - Excellerate Holdings Limited - Dealings in securities by directors Excellerate Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1997/009884/06) JSE code: EXL ISIN: ZAE000026092 ("Excellerate" or "Company") DEALINGS IN SECURITIES BY DIRECTORS In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements"), the following information regarding transactions in securities by directors in Excellerate is disclosed: Sporting Affairs Investments 29 (Proprietary) Limited ("Sporting Affairs"), a company in which certain directors of the Company have an interest, has entered into an agreement ("Agreement") in terms of which Sporting Affairs will acquire ordinary shares in the Company ("Shares") from certain of the Company`s shareholders. The transfer of the Shares is, in terms of the Agreement, subject to the fulfilment of certain conditions precedent and an announcement will be published once such transfer has occurred. Further details of the dealings described above are provided below: Name of director: Mr G Hulley Date on which transaction was effected: 11 November 2011 Nature of transaction: Purchase Class of security: Ordinary shares Number of ordinary shares: 11 million Price per security: R0.6225 Total value of transaction: R6.8475 million Nature of director`s interest: Indirect beneficial Confirmation of on-market or off-market: Off-market Name of director: Mr J Wellsted Date on which transaction was effected: 11 November 2011 Nature of transaction: Purchase Class of security: Ordinary shares Number of ordinary shares: 9 million Price per security: R0.6225 Total value of transaction: R5.6025 million Nature of director`s interest: Indirect beneficial 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. Sandton 14 November 2011 Sponsor One Capital Date: 14/11/2011 14:30:01 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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