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CVN - Convergenet Holdings Limited - Intended dealings in securities by directors CONVERGENET HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/015580/06) Share code: CVN ISIN: ZAE000102067 ("ConvergeNet" or "the company") INTENDED DEALINGS IN SECURITIES BY DIRECTORS Following the revised firm intention announcement published on SENS on 12 March 2012, the offeror circular posted to shareholders on 19 March 2012 and the circular to shareholders dated 19 April 2012 regarding the views of ConvergeNet`s Independent Board in respect of the unconditional mandatory offer to ConvergeNet minority shareholders as detailed in the offeror circular, shareholders are advised that, two of the Company`s directors have indicated an intention to accept the unconditional mandatory offer of 26 cents per ordinary share and accordingly, in compliance with rules 3.63 - 3.74 of the JSE Listing Requirements, the following intended dealings in the securities of the company by these directors is disclosed: Name of director: MJ Krastanov Name of company: ConvergeNet Date of transaction: Date to be advised Class of securities: Ordinary shares Number of securities: 1 386 353 Purchase price: R0.26 per share Total value of transaction: R360 451.78 Nature of transaction: Acceptance of mandatory offer Nature of interest: Direct beneficial Extent of interest on ordinary shares: 0.15% Nature of trade: Off market Clearance obtained: Yes in terms of dispensation granted by the JSE. Name of director: PWJ Bouwer Name of company: ConvergeNet Date of transaction: Date to be advised Class of securities: Ordinary shares Number of securities: 18 999 999 Purchase price: R0.26 per share Total value of transaction: R4 939 999.74 Nature of transaction: Acceptance of mandatory offer Nature of interest: Indirect beneficial Extent of interest on ordinary shares: 2.06% Nature of trade: Off market Clearance obtained: Yes in terms of dispensation granted by the JSE.
Johannesburg 24 April 2012 Sponsors Arcay Moela Sponsors (Pty) Ltd Date: 24/04/2012 08:58:02 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.
