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MML - Metmar Limited - Dealings in securities by directors

Release Date: 04/05/2012 15:26
Code(s): MML
Wrap Text

MML - Metmar Limited - Dealings in securities by directors Metmar Limited Incorporated in the Republic of South Africa Registration number: 1998/007269/06 Share code: MML ISIN code: ZAE000078747 ("Metmar" or "the Company") DEALINGS IN SECURITIES BY DIRECTORS In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements"), shareholders are advised that certain directors may derive a beneficial interest in terms of Metmar`s management and employee bonus incentive scheme ("the Bonus Scheme"). BoE Stockbrokers (Pty) Limited has acquired shares on behalf of certain directors in respect of the Bonus Scheme and the release thereof to the directors referred to below (20% of the total number of shares released per annum for a period of 5 years), is conditional on the director being employed by the Company on that date. In order to comply with the Listings Requirements, the directors` potential interest in these dealings are disclosed below: Name of director: Mrs MF de Wet Name of company of which she is a director: Metmar Trading (Pty) Limited Date on which transaction was effected: 3 May 2012 Nature of transaction: Purchase in terms of the Bonus Scheme
Class of security: Ordinary shares Number of ordinary shares: 26 005 Price per security: R2.65 Total value of transaction: R68 913.25 Nature of director`s interest: Indirect beneficial Confirmation of on-market or off-market: On-market Vesting period: 20% of the total number of shares (26 005 shares), released per annum
for a period of 5 years Name of director: Mr SMS Nkosi Name of company of which he is a director: Metmar Date on which transaction was effected: 3 May 2012 Nature of transaction: Purchase in terms of the Bonus Scheme Class of security: Ordinary shares Number of ordinary shares: 42 172 Price per security: R2.65 Total value of transaction: R111 755.80 Nature of director`s interest: Indirect beneficial Confirmation of on-market or off-market: On-market Vesting period: 20% of the total number of shares (42 172 shares), released per annum for a period of 5 years 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. 4 May 2012 Bryanston Sponsor One Capital Date: 04/05/2012 15:26:01 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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