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CALGRO M3 HOLDINGS LIMITED - Dealing in securities by a director

Release Date: 30/07/2012 15:56
Code(s): CGR     PDF:  
Wrap Text
Dealing in securities by a director

CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2005/027663/06)
Share code: CGR       ISIN: ZAE000109203
(“Calgro M3” or “the company” or “the Group”)



DEALING IN SECURITIES BY A DIRECTORS


In accordance with the requirements of paragraph 3.63 to 3.74 of
the JSE Limited Listings Requirements (“Listings Requirements”),
the following dealing in securities by a director should be noted:


Name of company               :   CALGRO M3 HOLDINGS LIMITED
Name of director              :   Hatla   Ntene,  a   non-executive
                                  director of Calgro M3
Class of securities           :   Ordinary shares in Calgro M3
Nature of transactions        :   A   sale   of   shares     by   Mvua
                                  Property    Partners,     the    BEE
                                  partner of Calgro M3, of which
                                  Hatla Ntene is       an executive
                                  director. The sale of shares is
                                  due to a 5 year loan maturing in
                                  October   2012    on   the    shares
                                  originally purchased in 2007 as
                                  part     of     an      empowerment
                                  transaction.    There     were    no
                                  dividends    paid    during     this
                                  period and therefore the sale is
                                  unavoidable.
Nature of interests           :   Indirect beneficial
Date of transaction           :   27 July 2012
No of shares                  :   2,000,000
Price                         :   400 cents per share
Total value of transaction    :   R8,000,000
*    Clearance to trade has been obtained in terms of section 3.66
     of the Listings Requirements.


Johannesburg
30 July 2012


Sponsor
Grindrod Bank Limited

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