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ADVTECH LIMITED - Further Announcement Regarding Directors' Dealings in Terms of the Rights Offer

Release Date: 14/01/2016 16:40
Code(s): ADH     PDF:  
Wrap Text
Further Announcement Regarding Directors' Dealings in Terms of the Rights Offer

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

FURTHER ANNOUNCEMENT REGARDING DIRECTORS’ DEALINGS IN TERMS OF THE RIGHTS OFFER

Further to the announcements on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) dated 9
and 10 December 2015 and in compliance with the Listings Requirements of the JSE, shareholders are advised
that an associate of Mr KDM Warburton, director of ADvTECH, elected to follow its 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:

Name of director              :           KDM Warburton
Name of associate             :           Borkale Investments Proprietary Limited
Designation                   :           Non-executive director
Nature of transaction         :           Off-market purchase of shares in terms of the rights issue
Date of transaction           :           4 December 2015
Number of securities          :           4 564
Class of securities           :           Ordinary shares offered in terms of the rights issue
Price per share               :           1125 cents
Total value of transaction    :           R51 345.00
Nature of interest            :           Indirect beneficial

Clearance to deal was obtained for the above transaction.

Johannesburg
14 January 2016

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: 14/01/2016 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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 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,
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