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CVN - ConvergeNet - Change in Directors` Interests

Release Date: 22/02/2012 08:56
Code(s): CVN
Wrap Text

CVN - ConvergeNet - Change in Directors` Interests CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000102067 ("ConvergeNet" or "the company") CHANGE IN DIRECTORS` INTERESTS Shareholders are advised that Yellow Star (Proprietary) Limited ("Yellow Star"), of which H van Dyk, B Kekana and T Modise are directors and shareholders has had a change in shareholding, which reduces the above directors` indirect shareholding in ConvergeNet. In compliance with rules 3.63 - 3.74 of the JSE Listing Requirements, the following information is disclosed. Name of director: H van Dyk Name of company: ConvergeNet Date of transaction: 16 February 2012 Class of securities: Ordinary shares Number of securities: 36 300 588 Nature of transaction: Reduction of indirect interest Sale price: N/A Total value of transaction: N/A Nature of interest: Indirect beneficial through Yellow Star (Proprietary) Limited Extent of interest: 3.94% reduction to 6.26% How traded: N/A Clearance obtained: N/A Name of director: B Kekana Name of company: ConvergeNet Date of transaction: 16 February 2012 Class of securities: Ordinary shares Number of securities: 96 524 954 Nature of transaction: Reduction of indirect interest Sale price: N/A Total value of transaction: N/A Nature of interest: Indirect beneficial through Yellow Star (Proprietary) Limited Extent of interest: 10.48% reduction to 0% How traded: N/A Clearance obtained: N/A Name of director: T Modise Name of company: ConvergeNet Date of transaction: 16 February 2012 Class of securities: Ordinary shares Number of securities: 52 371 214 Nature of transaction: Reduction of indirect interest Sale price: N/A Total value of transaction: N/A Nature of interest: Indirect beneficial through Yellow Star (Proprietary) Limited
Extent of interest: 5.68% reduction to 1.21% How traded: N/A Clearance obtained: N/A By order of the board Johannesburg 22 February 2012 Sponsor Arcay Moela Sponsors (Pty) Ltd Date: 22/02/2012 08:56:01 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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