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STELLAR CAPITAL PARTNERS LIMITED - Share dealings by directors and an associate of a director

Release Date: 18/10/2016 08:00
Code(s): SCP     PDF:  
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Share dealings by directors and an associate of a director

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/015580/06)
Share code: SCP     ISIN: ZAE000198586
(“Stellar Capital”)

SHARE DEALINGS BY DIRECTORS AND AN ASSOCIATE OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited
Listings Requirements, the following information is disclosed
for those directors and an associate who accepted the
Mandatory Offer (as referred to in the SENS announcement
published on 17 October 2016) by Stellar Capital to Torre
Industries Limited (“Torre”) shareholders and surrendered
their Torre shares:

Company                         :   Stellar Capital
Name of director                :   Charles E Pettit
Designation of director         :   Chief Executive Officer of
                                    Stellar Capital
Class of securities             :   Ordinary shares
Nature Of transaction           :   Surrender of Torre shares
                                    and off market receipt of
                                    Stellar   Capital   shares
                                    issued   by   way   of   a
                                    Mandatory Offer
Nature and extent of            :   Direct Beneficial
director’s interest in the
transaction
Date of transaction             :   14 October 2016
Deemed price per share          :   R 1.33
Number of Stellar Capital       :   1 377 079
shares received
Rand value of shares            :   R 1 831 515
Clearance obtained              :   Yes


Company                         :   Stellar Capital
Name of director                :   Charl B de Villiers
Designation of director         :   Chief Financial Officer of
                                    Stellar Capital
Class of securities             :   Ordinary shares
Nature Of transaction           :   Surrender of Torre shares
                                    and off market receipt of
                                    Stellar   Capital   shares
                                    issued   by   way   of   a
                                    Mandatory Offer
Nature and extent of            :   Direct Beneficial
director’s interest in the
transaction
Date of transaction             :   14 October 2016
Deemed price per share          :   R 1.33
Number of Stellar Capital       :   50 652
shares received
Rand value of shares            :   R 67 367
Clearance obtained              :   Yes

Company                         :   Stellar Capital
Name of director                :   Peter J van Zyl
Designation of director         :   Non-executive Director of
                                    Stellar Capital
Class of securities             :   Ordinary shares
Nature Of transaction           :   Surrender of Torre shares
                                    and off market receipt of
                                    Stellar   Capital   shares
                                    issued   by   way   of   a
                                    Mandatory Offer
Nature and extent of            :   Direct Beneficial
director’s interest in the
transaction
Date of transaction             :   14 October 2016
Deemed price per share          :   R 1.33
Number of Stellar Capital       :   120 300
shares received
Rand value of shares            :   R 159 999
Clearance obtained              :   Yes

Company                         :   Stellar Capital
Name of director                :   J de Bruyn
Name of Associate               :   North Oaks No. 10 CC, in
                                :   which J de Bruyn has a
                                    100% member’s interest
Designation of director         :   Non-executive Director of
                                    Stellar Capital
Class of securities             :   Ordinary shares
Nature Of transaction           :   Surrender of Torre shares
                                    and off market receipt of
                                    Stellar    Capital   shares
                                    issued   by    way  of    a
                                    Mandatory Offer
Nature and extent of            :   Held by associate
director’s interest in the
transaction
Date of transaction             :   14 October 2016
Deemed price per share          :   R 1.33
Number of Stellar Capital       :   20 261
shares received
Rand value of shares            :   R 26 947
Clearance obtained              :   Yes




Cape Town
18 October 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 18/10/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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