PPC LIMITED - Dealings in terms of the Rights Offer by Directors and Company Secretary

Release Date: 14/09/2016 17:40
Code(s): PPC PPCN
 
Wrap Text
Dealings in terms of the Rights Offer by Directors and Company Secretary

PPC Ltd
Incorporated in the Republic of South Africa
Registration number 1892/000667/06
JSE share code: PPCN     JSE ISIN: ZAE000222527
JSE share code: PPC    ZSE share code: PPC
JSE ISIN: ZAE000170049
(“PPC” or the “Company”)

DEALINGS IN TERMS OF THE RIGHTS OFFER BY DIRECTORS AND COMPANY SECRETARY

Shareholders are referred to the PPC rights offer finalisation announcement
released on the Stock Exchange News Service on 24 August 2016 (Rights Offer). In
accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are
advised of the following dealings by directors and company secretary of the
Company, in terms of the Rights Offer.


Name of executive director:                   Darryll John Castle
Designation:                                  Chief Executive Officer
Nature of transaction:                        Direct beneficial
Date of transaction:                          31 August 2016
Nature of transaction:                        Rights allocated pursuant to the
                                              Forfeitable Share Plan
Type of transaction:                          Off-market
Number of rights allocated:                   729,015 rights

Date of transaction:                          12 September 2016
Nature of transaction:                        Off-market purchase of shares in
                                              terms of the Rights Offer
Shares purchased:                             625,000
Price:                                        R4.00
Value:                                        R2,500,000

Date of transaction:                          12 September 2016
Nature of transaction:                        Rights sold in order to raise funds
                                              to follow rights in terms of the
                                              Rights Offer
Type of transaction:                          On-market
Number of rights sold:                        104,015 rights
Price:                                        R2.3844
Value:                                        R248,013


Name of executive director:                   Mmakeaya Magoro Tryphosa Ramano
Designation:                                  Chief Financial Officer
Nature of transaction:                        Direct beneficial
Date of transaction:                          31 August 2016
Nature of transaction:                        Rights allocated pursuant to the
                                              Forfeitable Share Plan
Type of transaction:                          Off-market
Number of rights allocated:                   620,091 rights
Nature of transaction:                        Rights allocated pursuant to Rights
                                              Offer – personal holdings
Number of rights allocated:                   8,712 rights

Date of transaction:                          9 September 2016
Nature of transaction:                        Off-market purchase of shares in
                                              terms of the Rights Offer
Shares purchased:                             415,884
Price:                                        R4.00
Value:                                        R1,663,536
Date of transaction:                         9 September 2016
Nature of transaction:                       Rights sold in order to raise funds
                                             to follow rights in terms of the
                                             Rights Offer
Type of transaction:                         On-market
Number of rights sold:                       212,919 rights
Price:                                       R2.9157
Value:                                       R620,814


Name of Company Secretary:                   Jacobus Hendrik De La Rey Snyman
Designation:                                 Company Secretary
Nature of transaction:                       Direct beneficial
Date of transaction:                         31 August 2016
Nature of transaction:                       Rights allocated pursuant to the
                                             Forfeitable Share Plan
Type of transaction:                         Off-market
Number of rights allocated:                  258,825 rights
Nature of transaction:                       Rights allocated pursuant to the
                                             Rights Offer
Number of rights allocated:                  7,664 rights

Date of transaction:                         9 September 2016
Nature of transaction:                       Off-market purchase of shares in
                                             terms of the Rights Offer
Shares purchased:                            63,956
Price:                                       R4.00
Value:                                       R255,824

Date of transaction:                         9 September 2016
Nature of transaction:                       Rights sold in order to raise funds
                                             to follow rights in terms of the
                                             Rights Offer - personal holdings
Type of transaction:                         On-market
Number of rights sold:                       202,533 rights
Price:                                       R2.6161
Value:                                       R529,840

Clearance to deal was obtained in terms of paragraph 3.66 of the JSE Listings
Requirements.

Sandton
14 September 2016

Sponsor:
Merrill Lynch South Africa (Pty) Limited

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za

Financial Communications Advisor:
Instinctif Partners
Morne Reinders
Mobile : +27 (0) 82 325 1810
Morne.Reinders@instinctif.com

Louise Fortuin
Mobile: +27 (0) 71 605 4294
Louise.Fortuin@instinctif.com

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