ITALTILE LIMITED - Dealings in Securities by Directors, Directors of a Major Subsidiary and an Associate of a Director

Release Date: 22/11/2017 17:00
Code(s): ITE ITEN
 
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Dealings in Securities by Directors, Directors of a Major Subsidiary and an Associate of a Director

ITALTILE LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
Share code: ITEN ISIN: ZAE000251328
(“Italtile”)

DEALINGS IN SECURITIES BY DIRECTORS, DIRECTORS OF A MAJOR SUBSIDIARY AND AN
ASSOCIATE OF A DIRECTOR



In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:


 Name of director:                                Jan Potgieter
 Company:                                         Italtile Limited
 Nature of transaction:                           On market sale of letters of allocation pursuant to the Italtile
                                                  Rights Offer
 Class of securities:                             Letters of allocation in respect of the Italtile Rights Offer
 Extent of director’s interest:                   Direct beneficial
 Clearance to deal obtained:                      Yes
 Date of transaction:                             17 November 2017
 Number of securities:                            455 077
 Price per security:                              R0.41
 Total value:                                     R186 581.57

 Name of director:                                Brandon Wood
 Company:                                         Italtile Limited
 Nature of transaction:                           On market sale of letters of allocation pursuant to the Italtile
                                                  Rights Offer
 Class of securities:                             Letters of allocation in respect of the Italtile Rights Offer
 Extent of director’s interest:                   Direct beneficial
 Clearance to deal obtained:                      Yes
 Date of transaction:                             17 November 2017
 Number of securities:                            392 000
 Price per security:                              R0.41
 Total value:                                     R160 720.00

 Name of director:                                Lance Foxcroft
 Company:                                         Ceramic Industries Proprietary Limited, a major subsidiary
                                                  of Italtile Limited
 Nature of transaction:                           On market sale of letters of allocation pursuant to the Italtile
                                                  Rights Offer
 Class of securities:                             Letters of allocation in respect of the Italtile Rights Offer
 Extent of director’s interest:                   Direct beneficial
 Clearance to deal obtained:                      Yes
 Date of transaction:                             13 November 2017
 Number of securities:                            421 852
 Weighted average price per security:             R0.50175
 Highest price:                                   R0.59
 Lowest price:                                    R0.50
 Total value:                                     R211 665.80

 Name of director:                                Tshepo Molefakgotla
 Company:                                         Ceramic Industries Proprietary Limited, a major subsidiary
                                                  of Italtile Limited
 Nature of transaction:                           On market sale of letters of allocation pursuant to the Italtile
                                                  Rights Offer
 Class of securities:                             Letters of allocation in respect of the Italtile Rights Offer
 Extent of director’s interest:                   Direct beneficial
 Clearance to deal obtained:                      Yes
 Date of transaction:                             20 November 2017
 Number of securities:                            241 059
 Weighted average price per security:             R0.1854
 Highest price:                                   R0.18
 Lowest price:                                    R0.20
 Total value:                                     R44 692.34

 Name of director:                                David Alston
 Company:                                         Ceramic Industries Proprietary Limited, a major subsidiary
                                                  of Italtile Limited
 Nature of transaction:                           On market sale of letters of allocation pursuant to the Italtile
                                                  Rights Offer
 Class of securities:                             Letters of allocation in respect of the Italtile Rights Offer
 Extent of director’s interest:                   Direct beneficial
 Clearance to deal obtained:                      Yes
 Date of transaction:                             20 November 2017
 Number of securities:                            241 059
 Weighted average price per security:             R0.1854
 Highest price:                                   R0.18
 Lowest price:                                    R0.20
 Total value:                                     R44 692.34

 Name of director:                                Siyabonga Gama
 Company:                                         Italtile Limited
 Name of associate:                               Four Arrows Investments 256 Proprietary Limited
 Relationship of associate to director            Siyabonga Gama, together with his wife, are trustees of the
                                                  trust that holds a majority of the shares in the holding
                                                  company of Four Arrows Investments 256 Proprietary
                                                  Limited
 Nature of transaction:                           On market sale of letters of allocation pursuant to the Italtile
                                                  Rights Offer
 Class of securities:                             Letters of allocation in respect of the Italtile Rights Offer
 Extent of director’s interest:                   Indirect beneficial
                                                  16 November            20 November             21 November
 Date of transaction:                             2017                   2017                    2017
 Number of securities:                            2 500 000              4 767 321               476 679
 Weighted average price per security:             R1.41                  R0.27786                R0.10
 Highest price:                                   R1.41                  R0.40                   R0.10
 Lowest price:                                    R1.41                  R0.18                   R0.10
 Total value:                                     R3 525 000.00          R1 324 630.35           R47 667.90


Johannesburg
22 November 2017

Sponsor
Merchantec Capital

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