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MMI HOLDINGS LIMITED - Dealing in securities by a director

Release Date: 19/09/2012 17:00
Code(s): MMI     PDF:  
Wrap Text
Dealing in securities by a director

MMI HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
(Registration number: 2000/031756/06)
ISIN Code: ZAE000149902
Share Code: (JSE) MMI
Share Code: (NSX) MIM

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with the JSE Listings Requirements, the following information is disclosed:

Director:                             Johan Petrus Burger
Company:                              MMI Holdings Limited
Date of Transaction:                  17 September 2012
Nature of Transaction:                On market sale of ordinary shares arising from FirstRand
                                      Limited ("FSR") Forfeitable Share Plan ("FSP") award.
Class of Securities:                  FSP in respect of ordinary shares
Number of FSP's constituting
ordinary award :                      100 672
Price of original award :             R16.13
Award Date:                           13 December 2010
Vesting Date :                        15 September 2012
Sale price :                          R20.54
Total value of the transaction:       R2 067 994
Director's Interest :                 Direct Beneficial
Clearance obtained :                  Yes

On 16 September 2009, Mr Burger was made an award of FSR FSP's in respect of FSR
ordinary shares in terms of the FirstRand Limited Forfeitable Share Plan 2009.

Subsequent thereto, on 13 December 2010 following the Momentum Group Limited/MMI merger
which was settled by means of an exchange of shares, this award of MMI ordinary shares
accrued to him when FSR's interest in Metropolitan Holdings Limited was unbundled to FSR
ordinary shareholders.

The restriction on the FSR FSP's was lifted on 17 September 2012. Mr Burger, an executive of
FSR has chosen to take delivery of the FSR ordinary shares, underlying the FSP, and has
elected to sell the MMI ordinary shares. The proceeds will be utilised, in part, to settle the
PAYE liability incurred on the transaction.

CENTURION
19 September 2012

Sponsor in South Africa
Merrill Lynch South Africa (Pty) Limited

Sponsor in Namibia
Simonis Storm Securities (Pty) Limited

Date: 19/09/2012 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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