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FIRSTRAND LIMITED - Dealing in securities by directors

Release Date: 05/11/2013 16:50
Code(s): FSR FSRP     PDF:  
Wrap Text
Dealing in securities by directors

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE Share Code: FSR     ISIN: ZAE000066304
JSE B Preference Share Code: FSRP    ISIN: ZAE000060141
NSX Ordinary Share Code: FST
(FST)

DEALING IN SECURITIES BY DIRECTORS

FirstRand shareholders are advised that Mr SE Nxasana and
Mr JP Burger have sold shares (details of sale outlined below) to
settle the loan raised on 23 December 2009 to fund their
participation in a private transaction between themselves and
Mr GT Ferreira, Mr LL Dippenaar and Mr PK Harris (previously
referred to as the Founders Consortium). This transaction was
announced on SENS on 23 December 2009.

Full settlement of the loan is due on 8 November 2013 and the
share transactions required to enable settlement took place on
1 November 2013.

Mr Nxasana and Mr Burger have sold sufficient shares to settle
their funding obligations and retain the maximum number of shares
made available from the Founders Consortium.

Mr Nxasana and Mr Burger will respectively hold 4 603 688 and
3 143 767 ordinary shares relating to this transaction in their
portfolios of FirstRand shares.

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

Director                      :      Sizwe Errol Nxasana
Company                       :      FirstRand Limited
Nature of transaction         :      On-market sale of shares
Class of securities           :      Ordinary shares
Date of transaction           :      1 November 2013
Number of securities          :      2 010 000
Selling price                 :      35,6402
Total value of transaction    :      71 636 802
Nature of interest            :      Direct beneficial
Clearance obtained            :      Yes

Director                      :      Johan Petrus Burger
Company                       :      FirstRand Limited
Nature of transaction         :      On-market sale of shares
Class of securities           :      Ordinary shares
Date of transaction           :      1 November 2013
Number of securities          :      1 837 553
Selling price                 :      35,6402
Total value of transaction    :      65 490 756,43
Nature of interest            :      Indirect beneficial
Clearance obtained            :      Yes

Sandton
5 November 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 05/11/2013 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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