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ELLIES HOLDINGS LIMITED - Dealings in securities by a director

Release Date: 15/05/2015 17:30
Code(s): ELI     PDF:  
Wrap Text
Dealings in securities by a director

ELLIES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/007084/06)
JSE share code: ELI ISIN: ZAE000103081
(“Ellies”)


DEALINGS IN SECURITIES BY A DIRECTOR


Shareholders are referred to the announcement released on SENS on 7 March 2012 wherein shareholders were advised
that Ryan Otto (“Otto”) had entered into a zero-cost collar hedge, in respect of in aggregate 3 000 000 Ellies shares,
which zero-cost collar hedge would settle in 12 equal tranches of 250 000 Ellies shares each, twice monthly from
22 December 2014 to 25 May 2015 (each referred to in this paragraph as a “settlement date”), each option in respect
thereof having a put strike price of R2.61 and a call strike price of R3.95 (referred to in this paragraph as the “Otto
collar”). As the share price of Ellies shares at the settlement date of 11 May 2015 was less than the put strike price of
R2.61, the Otto collar in respect of that settlement date was automatically settled off-market by the retention of in
aggregate 250 000 Ellies shares by the relevant counterparty under the Otto collar (which held them pursuant to a
pledge and securities loan arrangement) and payment to Otto in cash of the put strike price, being in aggregate
R652 500.00.

Shareholders are also referred to the announcement released on SENS on 12 October 2012 wherein shareholders were
advised that Otto had entered into a zero-cost collar hedge, in respect of in aggregate 5 000 000 Ellies shares, which
zero-cost collar hedge would settle in 8 equal tranches of 625 000 Ellies shares each, twice monthly from
5 February 2015 to 14 May 2015 (each referred to in this paragraph as a “settlement date”), each option in respect
thereof having a put strike price of R6.90 and a call strike price of R8.63 (referred to in this paragraph as the “Otto
collar”). As the share price of Ellies shares at the settlement date of 14 May 2015 was less than the put strike price of
R6.90, the Otto collar in respect of that settlement date was automatically settled off-market by the retention of in
aggregate 625 000 Ellies shares by the relevant counterparty under the Otto collar (which held them pursuant to a
pledge and securities loan arrangement) and payment to Otto in cash of the put strike price, being in aggregate
R4 312 500.00.

15 May 2015


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