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SEARDEL INVESTMENT CORPORATION LTD - Director's Intention in respect of the Rights Offer

Release Date: 28/03/2014 13:45
Code(s): SRN SER     PDF:  
Wrap Text
Director's Intention in respect of the Rights Offer

SEARDEL INVESTMENT CORPORATION LIMITED
 (Incorporated in the Republic of South Africa)
 Registration number: 1968/011249/06
N-Shares share code: SRN; Ordinary Shares share code: SER
ISIN: ZAE000030144; ISIN: ZAE000029815
(“Seardel” or “the Company”)

ANNOUNCEMENT OF DIRECTORS’ INTENTION IN RESPECT OF THE RIGHTS OFFER

Seardel’s financial year end is 31 March, and as such Seardel is entering into a closed period from Monday,
31 March 2014. Seardel shareholders are referred to the SENS announcement and circular, dated 24 February 2014,
setting out the full details of the renounceable rights offer to Seardel shareholders (“Rights Offer”) which opens on
Monday, 7 April 2014. Due to the Rights Offer falling within a closed period, the directors, in terms of the JSE Listings
Requirements, are required to make the decision to follow or sell their rights prior to the commencement of the closed
period.

The directors have elected as follows:

    -    Mr S Queen will sell his rights in respect of all his Seardel shares;

    -    Mr G Wege will follow his rights in respect of 437 500 Seardel shares and will sell the balance of his rights;

    -    Mr D Duncan will follow his rights in respect of 937 500 Seardel shares and will sell the balance of his rights;
         and

    -    Mrs C Philip, the representative of the company secretary, will follow all her rights in respect of her Seardel
         shares.



Cape Town
28 March 2014



Sponsor
Investec Bank Limited

Date: 28/03/2014 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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