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ADVTECH LIMITED - Director's Dealings

Release Date: 21/10/2016 15:22
Code(s): ADH     PDF:  
Wrap Text
Director's Dealings

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

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY

In terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements the following
information relating to a director’s dealings in the Company’s securities is disclosed:

Name of director of subsidiary company:              A Isaakidis
Designation:                                         Prescribed    Officer    and   director   of   major
                                                     subsidiary,   The       Independent   Institute   of
                                                     Education (Pty) Ltd
Nature of transaction:                               Exercise of options which have vested in terms
                                                     of the ADvTECH Limited Share Incentive
                                                     Scheme (on market) and transfer of shares into
                                                     his own name
Number of securities:                                41 666
Class of securities:                                 Ordinary
Date of award:                                       2 October 2014
Option Price:                                        R8.20
Total value of transaction:                          R341 661.20
Date of transaction:                                 13 October 2016
Volume weighted average price per share on           R16.82   
the date of the transaction:
Highest Price on the date of the transaction:        R16.87
Lowest Price on the date of the transaction:         R16.74
Nature of interest:                                  Direct beneficial

Clearance to deal was obtained for the above transaction.

21 October 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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