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CONSOLIDATED INFRASTRUCTURE GRP LTD - Dealings in securities by an associate of a director od a major subsidiary of the company

Release Date: 11/04/2016 12:48
Code(s): CIL     PDF:  
Wrap Text
Dealings in securities by an associate of a director od a major subsidiary of the company

CONSOLIDATED INFRASTRUCTURE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/004935/06)
JSE share code: CIL   ISIN: ZAE000153888
(“CIG” or “the company”)


DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY

Shareholders are referred to the announcement released on SENS on 4 November 2013 advising that Consolidated
Power Holdings (Pty) Ltd, an associate of Mario Prasti, (by virtue of his directorship and shareholding in
Consolidated Power Holdings (Pty) Ltd), who is a director of Consolidated Power Projects (Pty) Ltd, a major
subsidiary of the company, had entered into an OTC zero-cost collar (the “collar”), in respect of 100 000 CIG
shares, with a spot price of R22.48, a put strike price of R20.23 and a call strike price of R28.11 and with a
settlement date of 8 April 2016. As the share price of CIG shares at the settlement date of 8 April 2016 was higher
than the call strike price of R28.11, the collar was automatically settled off-market by the retention of 100 000 CIG
shares by the relevant counterparty under the collar and payment to Consolidated Power Holdings (Pty) Ltd in cash
of the call strike price, being R2 811 000.00.

11 April 2016

Sponsor
Java Capital

Date: 11/04/2016 12:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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