MICROMEGA HOLDINGS LIMITED - Dealings in Securities by a Director and Transfer of Shares from a Director to an Associate of a Director

Release Date: 29/03/2018 16:35
Code(s): MMG
 
Wrap Text
Dealings in Securities by a Director and Transfer of Shares from a Director to an Associate of a Director

MICROmega Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/003821/06)
Share code: MMG ISIN: ZAE000034435


DEALINGS IN SECURITIES BY A DIRECTOR AND TRANSFER OF SHARES FROM A DIRECTOR TO 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:                                Russell Dick
 Company:                                         MICROmega Holdings Limited
 Class of securities:                             Ordinary shares
 Clearance to deal obtained:                      Yes
 Nature of transaction:                           Exercise of share options off market
 Extent of director’s interest:                   Direct beneficial
 Date of exercise:                                29 March 2018
 Date share options granted:                      5 September 2013              30 April 2014
 Expiry date of share options:                    4 September 2021              29 April 2022
 Number of securities:                            108 333                       100 000
 Strike price of share options                    R2.35                         R8.00
 Total value of options exercised:                R254 582.55                   R800 000.00

 Company:                                         MICROmega Holdings Limited
 Nature of transaction:                           Transfer of shares off market from a director, Mr
                                                  Russell Dick, to an associate of a director, Lylalex
                                                  Proprietary Limited
 Extent of director’s interest:                   Direct beneficial
 Relationship of director to associate:           Mr Russell Dick is the sole shareholder in Lylalex
                                                  Proprietary Limited
 Extent of director’s interest in associate:      Indirect beneficial
 Class of securities:                             Ordinary shares
 Clearance to deal obtained:                      Yes
 Date of transaction:                             28 March 2018
 Price per security:                              R9.90
 Number of securities:                            384 454
 Total value:                                     R3 806 094.60

Johannesburg
29 March 2018

Sponsor
Merchantec Capital

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