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BID CORPORATION LIMITED - Director's dealing in securities

Release Date: 22/06/2016 11:00
Code(s): BID     PDF:  
Wrap Text
Director's dealing in securities

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share code: BID ISIN ZAE 000216537
(“Bidcorp” or “the Company”)

DIRECTORS’ DEALINGS IN SECURITIES

In compliance with Rules 3.63 – 3.74 of the Listing Requirements of the JSE Limited, the
following information is disclosed in relation to the dealing in the Company’s securities:

Executive Director:                   Mr Bernard Berson

Date of transaction 1:                June 20 2016
Number of shares:                     53 200
Price:                                R267.77
Total Value of Purchase:              R14 245 364
Class of shares:                      Ordinary shares
Nature of transaction:                Purchase of ordinary shares by associate of the director
                                      (Larson Pty Ltd)
Nature of interest:                   Indirect beneficial

Date of transaction 2:                June 20 2016

Mr B Berson exercised his rights in terms of The Bidvest Share Incentive Loan Scheme,
settling the outstanding loan balance and taking delivery of all the shares with full rights
vested. As a result of the unbundling, Mr B Berson was entitled to 49 581 Bidcorp shares,
now taken delivery of:

Number of shares :                    49 581
Class of shares:                      Ordinary shares
Nature of transaction:                Full rights vested to an associate of the director (Larson
                                      Pty Ltd)
Nature of interest:                   Indirect beneficial

Clearance in terms of paragraph 3.66 was obtained from the Executive Chairman of Bid
Corporation Limited.

All the dealings in securities were done on-market.



Date: June 22 2016
Johannesburg

Sponsor: The Standard Bank of South Africa Limited

Date: 22/06/2016 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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