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BSI STEEL LIMITED - Dealing in securities by a director

Release Date: 01/12/2014 16:19
Code(s): BSS     PDF:  
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Dealing in securities by a director

BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
(“BSI” or "the Company")

DEALING IN SECURITIES BY ASSOCIATES OF A DIRECTOR

In terms of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the following
information relating to dealing in securities by associates of a director is disclosed:

Name of director                         Mr. William Battershill
Company of which I am a director         BSI Steel Limited
Status: Executive / Non-Executive        Chairman and Chief Executive Officer
Date of transactions                     27 November 2014                      (1) & (2)
Number of shares                         130 000 000                            (1)
                                         130 000 000                            (2)
Class of shares                          Ordinary shares
Nature of transaction                    (1) Off-market transfer of 130 000 000 shares from
                                         the Longfellow Trust of which Mr. Battershill is a
                                         trustee and beneficiary to Battershill Investments
                                         (Pty) Ltd of which Mr. Battershill is a director. The
                                         shareholders of Battershill Investments (Pty) Ltd are
                                         the Longfellow Trust (50%) and the Denbigh Trust
                                         (50%); and

                                         (2) Off-market transfer of 130 000 000 shares from
                                         the Denbigh Trust of which Mr. Battershill is a trustee
                                         and beneficiary to Battershill Investments (Pty) Ltd of
                                         which Mr. Battershill is a director. The shareholders
                                         of Battershill Investments (Pty) Ltd are the Longfellow
                                         Trust (50%) and the Denbigh Trust (50%)
Cents per share                           50 cents
Total Rand value of shares                R130 000 000.00
Nature and extent of interest             Indirect beneficial - the shares were transferred from
                                          one of the director’s associates to another associate
                                          of the director. Accordingly, no shares were disposed
                                          of by the director and his indirect beneficial
                                          shareholding in the Company remains unchanged.
                                          (1) & (2)
Clearance obtained                        Not required

1 December 2014

Designated advisor:
Sasfin Capital (a division of Sasfin Bank Limited)

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