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ADVTECH LIMITED - Director dealings

Release Date: 09/12/2015 16:12
Code(s): ADH     PDF:  
Wrap Text
Director dealings

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share Code: ADH
ISIN: ZAE000031035
 (“ADvTECH” or the “Company”)


DIRECTORS’ AND EXECUTIVES DEALINGS IN TERMS OF THE RIGHTS ISSUE

In compliance with the Listings Requirements of the JSE Limited, the following directors of ADvTECH or a major
subsidiary of ADvTECH, as well as the company secretary of ADvTECH, elected to follow their rights to
subscribe for new ADvTECH ordinary shares, as detailed below, pursuant to the rights offer by ADvTECH, the
terms of which were announced on SENS on 3 November 2015 and further detailed in the circular to
shareholders dated 16 November 2015.


The rights offer by ADvTECH is in respect of 75,555,556 new ADvTECH ordinary shares (“rights offer shares”)
offered to ADvTECH shareholders recorded in ADvTECH’s share register at the close of business on Friday, 20
November 2015, at a subscription price of R11.25 per rights offer share, in the ratio of 16.59818 rights offer
shares for every 100 ADvTECH ordinary shares held. The rights offer closed on Friday, 4 December 2015


Name of director              :           CH Boulle
Designation                   :           Chairman
Nature of transaction         :           Off-market purchase of shares in terms of the rights issue
Date of transaction           :           4 December 2015
Number of securities          :           505
Class of securities           :           Ordinary shares offered in terms of the rights issue
Price per share               :           1125 cents
Total value of transaction    :           R5 681.25
Nature of interest            :           Direct beneficial

Name of director              :           RJ Douglas
Designation                   :           Chief Executive Officer
Nature of transaction         :           Off-market purchase of shares in terms of the rights issue
Date of transaction           :           4 December 2015
Number of securities          :           80 000
Class of securities           :           Ordinary shares offered in terms of the rights issue
Price per share               :           1125 cents
Total value of transaction    :           R900 000.00
Nature of interest            :           Direct beneficial

Name of director              :           JDR Oesch
Designation                   :           Group Financial Director
Nature of transaction         :           Off-market purchase of shares in terms of the rights issue
Date of transaction           :           4 December 2015
Number of securities          :           240 916
Class of securities           :           Ordinary shares offered in terms of the rights issue
Price per share               :           1125 cents
Total value of transaction    :           R2 710 305.00
Nature of interest            :           Direct beneficial

Name of director              :           A Isaakidis
Designation                   :           Prescribed Officer and director of major subsidiary The
                                          Independent Institute of Education (Pty) Ltd
Nature of transaction         :           Off-market purchase of shares in terms of the rights issue
Date of transaction           :           4 December 2015
Number of securities          :           216 485
Class of securities           :           Ordinary shares offered in terms of the rights issue
Price per share               :           1125 cents
Total value of transaction    :           R2 435 456.25
Nature of interest            :           Direct beneficial

Name of director              :           SK Saunders
Designation                   :           Group Legal Advisor and Company Secretary
Nature of transaction         :           Off-market purchase of shares in terms of the rights issue
Date of transaction           :           4 December 2015
Number of securities          :           581
Class of securities           :           Ordinary shares offered in terms of the rights issue
Price per share               :           1125 cents
Total value of transaction    :           R6 536.25
Nature of interest            :           Direct beneficial

Clearance to deal was obtained for the above transactions.


Johannesburg
9 December 2015

Sole bookrunner, financial advisor and transaction sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Legal adviser
Cliffe Dekker Hofmeyer

Communications adviser
Brunswick

Sponsor
Bridge Capital Advisors Proprietary Limited

Date: 09/12/2015 04:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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