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THE BIDVEST GROUP LIMITED - Directors' dealings in securities

Release Date: 17/05/2013 13:30
Code(s): BVT     PDF:  
Wrap Text
Directors' dealings in securities

THE BIDVEST GROUP LIMITED
(“Bidvest”)
(Registration number 1946/021180/06)
Share code: BVT ISIN ZAE 000117321

DIRECTORS’ DEALINGS IN SECURITIES

In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following
information is disclosed:

The following director has exercised his rights and sold shares in terms of the Bidvest
Incentive Loan Scheme as follows:

Executive Director:           Anthony William Dawe
Number of options:            982
Price of options              R108.54
Date of transaction:          May 15 2013
Number of shares sold         982
Highest Price:                R260.90
Lowest Price:                 R260.22
Total Value:                  R255 063.58
Class of shares:              Ordinary
Nature of transaction:        Sale of loan scheme shares
Nature of interest:           Beneficial

Executive Director:           Anthony William Dawe
Number of options:            78 180
Price of options              R108.54
Date of transaction:          May 15 2013
Number of shares sold         78 180
Highest Price:                R261.34
Lowest Price:                 R259.22
Total Value:                  R20 277 793.64
Class of shares:              Ordinary
Nature of transaction:        Sale of loan scheme shares
Nature of interest:           Beneficial


The cost of the original purchase price of the shares and interest capitalised
amounted to R8 259 653.07 and was deducted from the proceeds of the sale of the
shares and utilised to reduce the total carrying value of the loan. Net proceeds
payable to AW Dawe, prior to any personal taxes being paid, was R12 273 204.15.

Clearance in terms of paragraph 3.66 was obtained from the Chief Executive of The
Bidvest Group Limited.

All the dealings in securities were done on-market.

Date: May 17 2013
Johannesburg
Sponsor: Investec

Date: 17/05/2013 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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