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CALGRO M3 HOLDINGS LIMITED - Dealings in securities by a director

Release Date: 17/02/2014 09:38
Code(s): CGR     PDF:  
Wrap Text
Dealings in securities by a director

CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2005/027663/06)
Share code: CGR       ISIN: ZAE000109203
(“Calgro M3” or “the company” or “the Group”)



DEALING IN SECURITIES BY A DIRECTOR


In accordance with the requirements of paragraph 3.63 to 3.74 of
the JSE Limited Listings Requirements, the following dealing in
securities by a director should be noted:


Name of company               :   CALGRO M3 HOLDINGS LIMITED
Name of director              :   Hatla  Ntene, a non-executive
                                  director of Calgro M3
Class of securities           :   Ordinary shares in Calgro M3
Nature of transactions        :   A sale of shares by Planet Waves
                                  266 (Pty) Ltd (“Planet Waves”),
                                  the BEE partner of Calgro M3, of
                                  which Hatla Ntene is an
                                  executive director. The sale of
                                  shares is to reduce Planet
                                  Waves’ debt exposure pertaining
                                  to the original empowerment
                                  transaction when it invested in
                                  Calgro M3.
Nature of interests           :   Indirect beneficial


Date of transaction           :   14 February 2014
No of shares                  :   2,000,000
Price                         :   640 cents per share
Value of transaction          :   R12 800 000
On-/Off-market                :   Off-market




Clearance to trade has been obtained in terms of section 3.66 of
the Listings Requirements.

Johannesburg
17 February 2014


Sponsor
Grindrod Bank Limited

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