VILLAGE MAIN REEF LIMITED - Share purchase and allocation through the Village Foreitable Share Plan

Share purchase and allocation through the Village Foreitable Share Plan

VILLAGE MAIN REEF LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005703/06)
Share Code: VIL ISIN: ZAE000154761
(“Village”)

SHARE PURCHASE AND ALLOCATION THROUGH THE VILLAGE FORFEITABLE SHARE PLAN

Shareholders are advised that the Company has purchased and allocated Village shares to the participants of the
shareholder approved Forfeitable Share Plan (“FSP”). On 22 May 2012, 16,710,293 Village shares were allocated to the
participants of the FSP. These FSP share allocations are subject to the performance and vesting conditions as described in
detail in the 2012 Annual Report, and remain restricted instruments until May 2015. The restricted allocated shares
received the special dividend on 6 August 2012 as did all Village shareholders. This resulted in cash of R4 436 109 being
received by the FSP participants. The Village remuneration committee approved a Village share purchase program by the
FSP utilising the restricted cash in the FSP accounts for the benefit of the FSP participants. As a result the FSP acquired a
total of 3,702,642 Village shares in the open market at a share price of R1.20 per Village share. The shares acquired and
allocated remain subject to the performance and vesting conditions of the FSP. Executive directors of Village were
allocated Village shares from the repurchase as set out below:

Name of director:                                             Marius Saaiman
Transaction date:                                             21 December 2012
Class of securities:                                          Ordinary shares
Number of securities:                                         1 082 743
Price per security:                                           R1.20
Total value:                                                  R 1 297 227
Nature of transaction:                                        On-market purchase
Nature and extent of director’s interest:                     Direct beneficial

Name of director:                                             Bernard Swanepoel
Transaction date:                                             21 December 2012
Class of securities:                                          Ordinary shares
Number of securities:                                         1 232 246
Price per security:                                           R1.20
Total value:                                                  R1 476 345
Nature of transaction:                                        On-market purchase
Nature and extent of director’s interest:                     Direct beneficial

Name of director:                                             Sandeep Gandhi
Transaction date:                                             21 December 2012
Class of securities:                                          Ordinary shares
Number of securities:                                         197 355
Price per security:                                           R1.20
Total value:                                                  R236 450
Nature of transaction:                                        On-market purchase
Nature and extent of director’s interest:                     Direct beneficial

Name of director:                                             Dalubuhle Ncube
Transaction date:                                             21 December 2012
Class of securities:                                          Ordinary shares
Number of securities:                                         403 914
Price per security:                                           R1.20
Total value:                                                  R483 926
Nature of transaction:                                        On-market purchase
Nature and extent of director’s interest:                     Direct beneficial

Name of director:                                             Richard de Villiers
Transaction date:                                             21 December 2012
Class of securities:                                          Ordinary shares
Number of securities:                                         489 763
Price per security:                                           R1.20
Total value:                                                  R586 782
Nature of transaction:                                        On-market purchase
Nature and extent of director’s interest:                     Direct beneficial

27 December 2012

Sponsor
Java Capital

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