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VILLAGE MAIN REEF LIMITED - Award and acceptance of shares in terms of the Village Main Reef Forfeitable Share Plan 2010 ("FSP")

Release Date: 28/06/2013 08:14
Code(s): VIL     PDF:  
Wrap Text
Award and acceptance of shares in terms of the Village Main Reef Forfeitable Share Plan 2010 ("FSP")

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


AWARD AND ACCEPTANCE OF SHARES IN TERMS OF THE VILLAGE MAIN REEF FORFEITABLE SHARE PLAN 2010 (“FSP”)


Shareholders are advised of the following information relating to the award and acceptance of shares as
offered to directors in terms of the rules of the FSP.

In terms of the rules of the FSP, the allocation made represents the maximum number of shares that a
participant could receive under the scheme if all the performance conditions attached to the allocation are
substantially exceeded, which conditions are fully described in the annual report. The shares will be held by
the Escrow Agent until the Vesting Date, as defined in the rules of the FSP, subject to the terms and
conditions of the FSP:

Name of director:                                      Bernard Swanepoel
Transaction date:                                      27 June 2013
Class of securities:                                   Ordinary shares
Number of securities:                                  10 534 506
Price per security:                                    R0.54
Total value:                                           R5 688 633.24
Nature of transaction:                                 Acceptance of shares offered in terms of the FSP
Nature and extent of directors’ interest:              Direct beneficial
Clearance to deal received:                            Yes

Name of director:                                      Marius Saaiman
Transaction date:                                      27 June 2013
Class of securities:                                   Ordinary shares
Number of securities:                                  12 287 260
Price per security:                                    R0.54
Total value:                                           R6 635 120.40
Nature of transaction:                                 Acceptance of shares offered in terms of the FSP
Nature and extent of directors’ interest:              Direct beneficial
Clearance to deal received:                            Yes

Name of director:                                      Ferdi Dippenaar
Transaction date:                                      27 June 2013
Class of securities:                                   Ordinary shares
Number of securities:                                  12 287 260
Price per security:                                    R0.54
Total value:                                           R6 635 120.40
Nature of transaction:                                 Acceptance of shares offered in terms of the FSP
Nature and extent of directors’ interest:              Direct beneficial
Clearance to deal received:                            Yes

28 June 2013


Sponsor
Java Capital
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