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INSIMBI REFRACTORY & ALLOY SUP LIMITED - Dealings in Securities by a Director of a Major Subsidiary and Disclosure of Acquisition of Securities

Release Date: 06/07/2017 13:15
Code(s): ISB     PDF:  
Wrap Text
Dealings in Securities by a Director of a Major Subsidiary and Disclosure of
Acquisition of Securities

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)

DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY AND DISCLOSURE OF
ACQUISITION OF SECURITIES

As required by paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited (“the Listings
Requirements”), the following information is disclosed:

Name of director:                Eduard Philipp Liechti (a director of Insimbi Alloy Supplies Proprietary
                                 Limited, a major subsidiary of the Company)
Date of transaction:             4 July 2017
Price per share:                 105 cents
Number of shares:                3 000 000
Total value:                     R 3 150 000
Class of securities:             Ordinary shares
Nature of transaction:           Sale (On market transaction)
Nature of interest:              Direct Beneficial
Clearance to deal obtained:      Yes

Name of director:                Pieter Jacobus Schutte (a director of Insimbi Alloy Supplies
                                 Proprietary Limited, a major subsidiary of the Company)
Date of transaction:             4 July 2017
Price per share:                 105 cents
Number of shares:                3 000 000
Total value:                     R 3 150 000
Class of securities:             Ordinary shares
Nature of transaction:           Sale (Off market transaction)
Nature of interest:              Direct Beneficial
Clearance to deal obtained:      Yes

Name of director:                Colin Francis Botha (a director of Insimbi Alloy Supplies
                                 Proprietary Limited, a major subsidiary of the Company)
Date of transaction:             4 July 2017
Price per share:                 105 cents
Number of shares:                4 000 000
Total value:                     R 4 200 000
Class of securities:             Ordinary shares
Nature of transaction:           Sale (Off market transaction)
Nature of interest:              Direct Beneficial
Clearance to deal obtained:      Yes

It is further noted that in accordance with section 122(3)(b) of the Companies Act No.71 of 2008 as
amended and paragraph 3.83(b) of the Listings Requirements, shareholders are hereby advised that
the Company has received formal notification in the prescribed form that Pruta Securities (Jersey)
Limited, which previously held 20 300 000 shares (or 4,95% of the total issued share capital of the
Company) have increased their shareholding and now hold 26 200 0000 shares (or 6,39% of the total
issued share capital of the Company).

Johannesburg
6 July 2017
Sponsor: Bridge Capital Advisors Proprietary Limited

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