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OCTODEC INVESTMENTS LIMITED - Dealing in securities by directors and associates of directors

Release Date: 23/08/2012 11:40
Code(s): OCT     PDF:  
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Dealing in securities by directors and associates of directors

Octodec Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
Share Code: OCT
ISIN Code: ZAE000005104
(“Octodec” or “the Company”)


Dealing in securities by directors and associates of directors


Octodec linked unitholders are referred to the renounceable rights offer that closed on Friday,
17 August 2012 (the “rights offer”) and are advised that directors of the Company and their
associates followed their rights, and applied for excess applications in respect of the rights
offer, in their capacity as linked unitholders in Octodec. In addition, certain directors and their
associates renounced their rights in favour of named renouncees.


In this regard, and in compliance with rule 3.63 – 3.65 of the JSE Listings Requirements, the
following information is disclosed relating to the dealing in securities by directors and their
associates.


Non-Executive Chairman, S Wapnick and Managing Director, JP Wapnick and their named
associates renounced their rights in terms of the rights offer, in favour of named associates,
on 20 August 2012. Information regarding these renunciations is provided below.



Linked            Name of director    Nature of       Renouncee       Name of director or   Nature of     Number of
unitholder        or associate        interest                        associate             interest         rights
                  (shareholding in                                    (shareholding in                    renounced
                  linked unitholder                                   renouncee bracket)
                  bracket)
Rondomann         Associate of JP     Indirect non-   Alpiet          Associate of JP       Indirect         10 598
(Proprietary)     Wapnick (33%)       beneficial      Investments     Wapnick (31.67%)      beneficial
Limited           and S Wapnick                       (Proprietary)    and S Wapnick
                  (33%)                               Limited         (31.67%)
Alwap             Associate of JP     Indirect non-   Bosjacob        Associate of JP       Indirect        197 398
Investments       Wapnick (33%)       beneficial      (Proprietary)    Wapnick (33%) and    beneficial
(Proprietary)     and S Wapnick                       Limited         S Wapnick (33%)
Limited           (33%)
Clorpique 0006    Associate of JP     Indirect        Bosjacob        Associate of JP       Indirect         33 405
(Proprietary)     Wapnick (33%)       beneficial      (Proprietary)    Wapnick (33%) and    beneficial
Limited           and S Wapnick                       Limited         S Wapnick (33%)
                  (33%)
Jeffrey Wapnick   Associate of JP     Indirect        Bosjacob        Associate of JP       Indirect            717
Family Trust      Wapnick (100%       beneficial      (Proprietary)   Wapnick (33%) and     beneficial
                  ownership by                        Limited         S Wapnick (33%)
                  associate)
Jepnick           Associate of JP     Indirect non-   Bosjacob        Associate of JP       Indirect        124 228
Holdings          Wapnick (100%)      beneficial      (Proprietary)   Wapnick (33%) and     beneficial
(Proprietary)                                         Limited         S Wapnick (33%)
Limited
JP Wapnick        JP Wapnick          Direct          Bosjacob        Associate of JP       Indirect          4 239
                  (100%)              beneficial      (Proprietary)    Wapnick (33%) and    beneficial
                                                      Limited         S Wapnick (33%)
Lefkopaul CC      Associate of JP     Indirect        Bosjacob        Associate of JP       Indirect         47 509
                  Wapnick (33%)       beneficial      (Proprietary)   Wapnick (33%) and     beneficial
                  and S Wapnick                       Limited         S Wapnick (33%)
                  (33%)
Pavburg           Associate of JP     Indirect        Bosjacob        Associate of JP       Indirect        145 944
Properties        Wapnick (33%)       beneficial      (Proprietary)    Wapnick (33%) and    beneficial
Investments       and S Wapnick                       Limited         S Wapnick (33%)
(Proprietary)     (33%)
Limited
S Wapnick           S Wapnick (100%)  Direct          Bosjacob        Associate of JP       Indirect          4 222
                                      beneficial      (Proprietary)   Wapnick (33%) and     beneficial
                                                      Limited         S Wapnick (33%)
Sharick Holdings    S Wapnick (100%)  Indirect non-   Bosjacob        Associate of JP       Indirect        253 307
(Proprietary)                         beneficial      (Proprietary)    Wapnick (33%) and    beneficial
Limited                                               Limited         S Wapnick (33%)
Sharon Kramer       S Wapnick (100%   Indirect        Bosjacob        Associate of JP       Indirect            686
Family Trust        ownership by      beneficial      (Proprietary)   Wapnick (33%) and     beneficial
                    associate)                        Limited         S Wapnick (33%)
Alpiet              Associate of JP   Indirect        Chainprops 26   Associate of JP       Indirect         77 030
Investments         Wapnick (31.67%)  beneficial      (Proprietary)    Wapnick (31.67%)     beneficial
(Proprietary)       and S Wapnick                     Limited         and S Wapnick
Limited             (31.67%)                                          (31.67%)
Tomnef              Associate of JP   Indirect        Chainprops 26   Associate of JP       Indirect        824 082
Investments         Wapnick (33%      beneficial      (Proprietary)    Wapnick (31.67%)     beneficial
(Proprietary)       ownership by                      Limited         and S Wapnick
Limited             associate) and S                                  (31.67%)
                    Wapnick (33%
                    ownership by
                    associate)
Wapnick             Associate of JP   Indirect       Chainprops 26     Associate of JP      Indirect         21 196
Investments         Wapnick (33%)     beneficial     (Proprietary)     Wapnick (31.67%)     beneficial
(Proprietary)       and S Wapnick                    Limited           and S Wapnick
Limited             (33%)                                                        (31.67%)
CPA Property        Associate of JP   Indirect       City Property     Associate of JP      Indirect        161 322
Syndication         Wapnick (66.67%)  beneficial     Administration    Wapnick (66.67%)     beneficial
(Proprietary)       and S Wapnick                    (Proprietary)     and S Wapnick
Limited (CPA)       (16.67%)                         Limited           (16.67%)



In addition, rights of other linked unitholders were renounced in favour of associates of JP
Wapnick and S Wapnick as disclosed below:


Linked              Rights renounced          Indirect beneficial    Name of director or associate         Number of
unitholder          in favour of                                     (shareholding in renouncee bracket)      rights
                                                                                                           renounced
A Wapnick           Bosjacob                  Indirect beneficial    Associate of JP Wapnick (33%) and        63 759
                    (Proprietary) Limited                            S Wapnick (33%)
L Wapnick           Bosjacob                  Indirect beneficial    Associate of JP Wapnick (33%) and         3 223
                    (Proprietary) Limited                            S Wapnick (33%)
Lisa Wapnick        Bosjacob                  Indirect beneficial    Associate of JP Wapnick (33%) and         1 365
Family Trust        (Proprietary) Limited                            S Wapnick (33%)
Liwesa Holdings     Bosjacob                  Indirect beneficial    Associate of JP Wapnick (33%) and         3 985
(Proprietary)       (Proprietary) Limited                            S Wapnick (33%)
Limited
Centuria 354        Chainprops 26             Indirect beneficial    Associate of JP Wapnick (33%) and        47 316
(Proprietary)       (Proprietary) Limited                            S Wapnick (33%)
Limited
Voormax             Chainprops 26             Indirect beneficial    Associate of JP Wapnick (33%) and       473 766
(Proprietary)       (Proprietary) Limited                            S Wapnick (33%)
Limited



Pursuant to the above renunciations and to following their rights in respect of the rights offer,
associates of JP Wapnick and S Wapnick acquired linked units as disclosed below at the
rights offer price of R15.85 on 20 August 2012:


Linked unitholder                           Name of director or associate              Number of       Total value of        Nature
                                            (shareholding in linked unitholder         linked units    transaction               of
                                            bracket)                                   acquired        (R)                 interest
Alpiet Investments (Proprietary)            Associate of JP Wapnick (31.67%) and       43 966          696 861.10          Indirect
Limited                                     S Wapnick (31.67%)                                                           beneficial
Lefkopaul CC                                Associate of JP Wapnick (33%) and S        552 497         8 757 077.45        Indirect
                                            Wapnick (33%)                                                                beneficial
Berwale Investements (Proprietary)          Associate of JP Wapnick (16.67%) and       1 716           27 198.60           Indirect
Limited                                     S Wapnick (16.67%)                                                           beneficial
Burcade Properties (Proprietary)            Associate of JP Wapnick (31.67%) and       478 351         7 581 863.35        Indirect
Limited                                     S Wapnick (31.67%)                                                           beneficial
Disquen Investments (Proprietary)           Associate of JP Wapnick (8.33%) and S      65 682          1 041 059.70        Indirect
Limited                                     Wapnick (8.33%)                                                              beneficial
Bosjacob (Proprietary) Limited              Associate of JP Wapnick (33%) and S        883 987         14 011 193.95       Indirect
                                            Wapnick (33%)                                                                beneficial
Chainprops 26 (Proprietary) Limited         Associate of JP Wapnick (31.67%) and       1 655 350       26 237 297.50       Indirect
                                            S Wapnick (31.67%)                                                           beneficial
City Property Administration                Associate of JP Wapnick (66.67%) and       192 918         3 057 750.30        Indirect
(Proprietary) Limited                       S Wapnick (16.67%)                                                           beneficial
                                            Associate of JP Wapnick (33%               847 840         13 438 264.00       Indirect
Tomnef Investments (Proprietary)            ownership by associate) and S                                                beneficial
Limited                                     Wapnick (33% ownership by associate)
                                            Associate of JP Wapnick (100%              635 163         10 067 333.55       Indirect
Jeffrey Wapnick Family Trust                ownership by associate)                                                      beneficial
                                            S Wapnick (100% ownership by               633 541         10 041 624.85       Indirect
Sharon Kramer Family Trust                  associate)                                                                   beneficial



In addition, associates of S Wapnick and JP Wapnick applied for excess applications in terms
of the rights offer and were allocated the following linked units at the rights offer price of
R15.85 on 22 August 2012:

Linked unitholder                          Name of director or associate       Number of       Total value of    Nature of interest
                                          (shareholding in linked           linked units       transaction (R)
                                           unitholder bracket)                 purchased
Bosjacob (Proprietary) Limited             Associate of JP Wapnick (33%)         726 168        11 509 762.80    Indirect beneficial
                                           and S Wapnick (33%)



Financial director, AK Stein followed his rights in respect of the rights offer, acquiring linked
units as disclosed below at the rights offer price of R15.85 on 20 August 2012:

Linked unitholder                           Number of linked units      Total value of     Nature of interest
                                                         purchased      transaction (R)
AK Stein                                                    13 565             215 005      Direct beneficial

Aksin Investments (Proprietary) Limited)                    25 435             403 145    Indirect beneficial




M Stein, an associate of AK Stein, followed her rights in respect of the rights offer, acquiring
linked units as disclosed below at the rights offer price of R15.85 on 20 August 2012:
Linked unitholder   Number of linked units   Total value of       Nature of interest
                    purchased                transaction (R)
M Stein             12 718                   201 580             Indirect beneficial




Independent non-executive director, MJ Holmes followed his rights in respect of the rights
offer, acquiring linked units as disclosed below at the rights offer price of R15.85 on
20 August 2012:

Linked unitholder   Number of linked units   Total value of       Nature of interest
                    purchased                transaction (R)
MJ Holmes           106                      1 680                 Direct beneficial

Aitch Trust         13 989                   221 726             Indirect beneficial




FM Holmes, an associate of MJ Holmes, followed her rights in respect of the rights offer,
acquiring linked units as disclosed below at the rights offer price of R15.85 on 20 August
2012:


                        Number of linked units    Total value of
Linked unitholder                                                   Nature of interest
                        purchased                 transaction (R)
FM Holmes               6 115                     96 923           Indirect beneficial

MJ Holmes also applied for excess applications in terms of the rights offer and was allocated
the following linked units at the rights offer price of R15.85 on 22 August 2012:


                       Number of linked units  Total value of
Linked unitholder                                                Nature of interest
                       purchased               transaction (R)

MJ Holmes              83                       1 316             Direct beneficial

Aitch Trust            11                       174             Indirect beneficial



FM Holmes, an associate of MJ Holmes, applied for applied for excess applications in terms
of the rights offer and was allocated the following linked units at the rights offer price of
R15.85 on 22 August 2012:


                        Number of linked units  Total value of
 Linked unitholder                                              Nature of interest
                        purchased               transaction (R)

 FM Holmes              35                      555             Indirect beneficial



MZ Pollack, a Non-executive Director, and his associates, renounced their rights in terms of
the rights offer, in favour of named associates of the same, on 20 August 2012. Information
regarding these renunciations is provided below:


                Name of director
                or associate                                          Name of director or
                (shareholding in                   Rights             associate                          Number of
Linked          linked unitholder   Nature of      renounced in       (shareholding in    Nature of         rights
unitholder      bracket)            interest       favour of          renouncee bracket)  interest       renounced
                                    Direct         Emzee              Associate of MZ     Indirect non-
MZ Pollack      MZ Pollack (100%)   beneficial     Investments CC     Pollack             beneficial        59 419
Nedinvest
234
(Proprietary)   Associate of MZ     Indirect       Emzee              Associate of MZ     Indirect non-
Limited         Pollack (100%)      beneficial     Investments CC     Pollack             beneficial         9 750


Pursuant to the above renunciations as well as to following their rights in terms of the rights
offer, an associate of MZ Pollack acquired linked units as disclosed below at the rights offer
price of R15.85 on 20 August 2012:

                                    Number of linked      Total value of
 Linked unitholder                  units purchased       transaction (R)   Extent of interest

 Emzee Investments CC (100%)        174 866               2 771 626         Indirect beneficial


The above transactions occurred off market pursuant to the rights offer and clearance to deal was obtained.


Johannesburg
Thursday, 23 August 2012


Investment Bank and Sponsor
Nedbank Capital

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