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CALGRO M3 HOLDINGS LIMITED - Dealing in securities by a director

Release Date: 19/10/2012 16:26
Code(s): CGR     PDF:  
Wrap Text
Dealing in securities by a director

CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2005/027663/06)
Share code: CGR       ISIN: ZAE000109203
(“Calgro M3” or “the company” or “the Group”)



DEALING IN SECURITIES BY A DIRECTORS


In accordance with the requirements of paragraph 3.63 to 3.74 of
the JSE Limited Listings Requirements, the following dealing in
securities by a director should be noted:


Name of company                 :   CALGRO M3 HOLDINGS LIMITED

Name of director                :   Hatla   Ntene,  a   non-executive
                                    director of Calgro M3

Class of securities             :   Ordinary shares in Calgro M3

Nature of transaction           :   A   sale   of   shares     by   Mvua
                                    Property    Partners,     the    BEE
                                    partner of Calgro M3, of which
                                    Hatla Ntene is an executive
                                    director. The sale of shares is
                                    due to a 5 year loan maturing in
                                    October   2012    on   the    shares
                                    originally purchased in 2007 as
                                    part     of     an      empowerment
                                    transaction.    There     were    no
                                    dividends    paid    during     this
                                    period and therefore the sale is
                                    unavoidable.

Nature of interests             :   Indirect beneficial

Date of transaction             :   18 October 2012

No of shares                    :   2,000,000

Price                           :   635 cents per share

Total value of transaction      :   R12,700,000
*       Clearance to trade has been obtained in terms of section 3.66
        of the Listings Requirements.


Johannesburg
19 October 2012


Sponsor
Grindrod Bank Limited

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