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BRIMSTONE INVESTMENT CORPORATION LIMITED - Dealings in securities

Release Date: 30/04/2018 10:55
Code(s): BRT BRN     PDF:  
Wrap Text
Dealings in securities

Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
(“Brimstone” or “the Company”)
ISIN Number: ZAE000015277 Share Code: BRT
ISIN Number: ZAE000015285 Share Code: BRN

DEALINGS IN SECURITIES

In terms of paragraphs 3.63 - 3.65 of the JSE Limited (“JSE”) Listings Requirements, Brimstone hereby
provides the following information regarding the dealing in securities by directors, directors of major
subsidiaries, the company secretary and their associates in terms of a cash dividend (“Cash Dividend”),
incorporating an election to receive the Cash Dividend or a scrip dividend as an alternative (the “Scrip
Dividend Alternative”), with the default election being the Scrip Dividend Alternative (“Default”), as
announced on SENS on Tuesday, 6 March 2018:

1.   Name of director:                       MA Brey
     Transaction date:                       23 April 2018

     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       44 465
     Total value:                            R502 165.03

     Class of securities:                    Ordinary shares
     Price per share:                        R10.463
     Number of shares:                       52 145
     Total value:                            R545 593.14

     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

2.   Name of director:                       F Robertson
     Transaction date:                       23 April 2018

     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       31 800
     Total value:                            R359 132.98

     Class of securities:                    Ordinary shares
     Price per share:                        R10.463
     Number of shares:                       19 886
     Total value:                            R208 067.22

     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

3.   Name of director:                       MI Khan
     Transaction date:                       23 April 2018
     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       14 013
     Total value:                            R158 255.68
     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

4.   Name of director:                       GG Fortuin
     Transaction date:                       23 April 2018
     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       9 360
     Total value:                            R105 707.07
     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

5.   Name of director:                       MK Ndebele
     Transaction date:                       23 April 2018
     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       3 813
     Total value:                            R43 062.08
     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

6.   Name of director:                       N Khan
     Transaction date:                       23 April 2018

     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       4 582
     Total value:                            R51 746.77
  
     Class of securities:                    Ordinary shares
     Price per share:                        R10.463
     Number of shares:                       5 143
     Total value:                            R53 811.21

     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

7.   Name of director:                       M Hewu
     Transaction date:                       23 April 2018

     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       7 908
     Total value:                            R89 308.92

     Class of securities:                    Ordinary shares
     Price per share:                        R10.463
     Number of shares:                       4 134
     Total value:                            R43 254.04

     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

8.   Name of company secretary:              T Moodley
     Transaction date:                       23 April 2018

     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       20 899
     Total value:                            R236 022.65

     Class of securities:                    Ordinary shares
     Price per share:                        R10.463
     Number of shares:                       879
     Total value:                            R9 196.98

     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

9.   Name of director of major subsidiary:   Muhammad Brey
     Transaction date:                       23 April 2018

     Class of securities:                    “N” ordinary shares
     Price per share:                        R11.29349
     Number of shares:                       14 514
     Total value:                            R163 913.71

     Class of securities:                    Ordinary shares
     Price per share:                        R10.463
     Number of shares:                       30
     Total value:                            R313.89

     Extent of interest:                     Direct beneficial
     Nature of transaction:                  Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
     Written clearance to deal received:     Yes

10. Name of director of major subsidiary:    F Ratheb
    Transaction date:                        23 April 2018
    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        699
    Total value:                             R7 894.15
    Extent of interest:                      Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
    Written clearance to deal received:      Yes

11. Name of director of major subsidiary:    M Rapiya
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        20
    Total value:                             R209.26
    Extent of interest:                      Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
    Written clearance to deal received:      Yes

12. Name of associate:                       African Peoples Investment Corporation (Pty)
                                             Limited (“APIC”)
    Transaction date:                        23 April 2018

    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        110
    Total value:                             R1 242.28

    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        3 597
    Total value:                             R37 635.41

    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             F Robertson and MA Brey, directors of
                                             Brimstone, have an indirect beneficial holding in
                                             APIC
    Written clearance to deal received:      Not applicable

13. Name of associate:                       Friedshelf 1798 Proprietary Limited
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        110 210
    Total value:                             R1 153 127.23
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             MA Brey, a director of Brimstone, has an indirect
                                             beneficial interest in Friedshelf 1798 Proprietary
                                             Limited
    Written clearance to deal received:      Not applicable

14. Name of associate:                       Brimstone Management Company (Pty) Limited
                                             (‘’MANCO’’)
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        276
    Total value:                             R2 887.79
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             F Robertson and MA Brey, directors of
                                             Brimstone, have an indirect beneficial holding in
                                             MANCO
    Written clearance to deal received:      Not applicable

15. Name of associate:                       H Investments 157 (Pty) Limited
    Transaction date:                        23 April 2018

    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        3 346
    Total value:                             R37 788.02

    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        2 007
    Total value:                             R20 999.24

    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             MA Brey, a director of Brimstone, has an indirect
                                             beneficial interest in H Investments 157 (Pty)
                                             Limited
    Written clearance to deal received:      Not applicable

16. Name of associate:                       HMB Brey
    Transaction date:                        23 April 2018

    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        4 581
    Total value:                             R51 735.48

    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        4 020
    Total value:                             R42 061.26

    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             HMB Brey is an associate of MA Brey, a director
                                             of Brimstone
    Written clearance to deal received:      Not applicable

17. Name of associate:                       Al Akhwan Investments (Pty) Limited
    Transaction date:                        23 April 2018

    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        27
    Total value:                             R304.92

    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        39
    Total value:                             R408.06

    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             MA Brey, a director of Brimstone, has an indirect
                                             beneficial interest in Al Akhwan Investments
                                             (Pty) Limited
    Written clearance to deal received:      Not applicable

18. Name of associate:                       Breyfin (Proprietary) Limited (“Breyfin”)
    Transaction date:                        23 April 2018
                                             Class of securities:       Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        73 045
    Total value:                             R764 269.84
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             MA Brey, a director of Brimstone, has an indirect
                                             beneficial interest in Breyfin
    Written clearance to deal received:      Not applicable

19. Name of associate:                       Robatsi Genesis 26 Proprietary Limited
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        13 380
    Total value:                             R139 994.94
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             F Robertson, a director of Brimstone, has an
                                             indirect beneficial interest in Robatsi Genesis 26
                                             Proprietary Limited
    Written clearance to deal received:      Not applicable

20. Name of associate:                       Commlife Holdings (Proprietary) Limited
                                             (“Commlife”)
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        81 604
    Total value:                             R853 822.65
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             F Robertson, a director of Brimstone, has an
                                             indirect beneficial interest in Commlife
    Written clearance to deal received:      Not applicable

21. Name of associate:                       Friedshelf 1800 (Proprietary) Limited
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        110 210
    Total value:                             R1 153 127.23
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             F Robertson, a director of Brimstone, has an
                                             indirect beneficial interest in Friedshelf 1800
                                             (Proprietary) Limited
    Written clearance to deal received:      Not applicable

22. Name of associate:                       LoA Commlife Ins Specialist Equity Fund (‘’LoA
                                             Commlife’’)
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        12 322
    Total value:                             R128 925.09
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             F Robertson, a director of Brimstone, has an
                                             indirect beneficial interest in LoA Commlife
    Written clearance to deal received:      Not applicable

23. Name of associate:                       K Khan
    Transaction date:                        23 April 2018

    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        9
    Total value:                             R101.64

    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        389
    Total value:                             R4 070.11

    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             K Khan is an associate of MI Khan, a director of
                                             Brimstone
    Written clearance to deal received:      Not applicable

24. Name of associate:                       PG Moodley
    Transaction date:                        23 April 2018

    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        4 630
    Total value:                             R52 288.86

    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        659
    Total value:                             R6 895.12

    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             PG Moodley is an associate of T Moodley, the
                                             company secretary of Brimstone
    Written clearance to deal received:      Not applicable

25. Name of associate:                       N Moodley
    Transaction date:                        23 April 2018
    Class of securities:                     “N” ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        782
    Total value:                             R8 831.51
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             N Moodley is an associate of T Moodley, the
                                             company secretary of Brimstone
    Written clearance to deal received:      Not applicable

26. Name of associate:                       Brimshare (Pty) Limited
    Transaction date:                        23 April 2018
    Class of securities:                     Ordinary shares
    Price per share:                         R10.463
    Number of shares:                        9 100
    Total value:                             R95 213.30
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             N Khan, a director of Brimstone, has an indirect
                                             beneficial interest in Brimshare (Pty) Limited
    Written clearance to deal received:      Not applicable

27. Name of associate:                       X Hewu
    Transaction date:                        23 April 2018
    Class of securities:                     “N” Ordinary shares
    Price per share:                         R11.29349
    Number of shares:                        185
    Total value:                             R2 089.30
    Extent of interest for associate:        Direct beneficial
    Nature of transaction:                   Receipt of shares in terms of the Scrip Dividend
                                             Alternative (off market)
                                             X Hewu is an associate of M Hewu
    Written clearance to deal received:      Not applicable

It should be noted that, in terms of paragraph 3.70 of the JSE Listings Requirements, the directors had
no discretion over the timing of the Cash Dividend, which election period fell within a closed period as
defined in the JSE Listings Requirements. As such, the JSE granted dispensation to the Company to allow
the Brimstone ordinary and/or Brimstone “N” ordinary share entitlements to vest in favour of the
directors as a result of the Default.

Cape Town
30 April 2018

Sponsor
Nedbank Corporate and Investment Banking

Date: 30/04/2018 10:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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