SABVEST LIMITED - Dealings in Sabvest shares by a director

Release Date: 10/01/2019 15:51
Code(s): SBV SVN
 
Wrap Text
Dealings in Sabvest shares by a director

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003753/06)
Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares
ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares
("Sabvest” or “the Company”)

DEALINGS IN SABVEST SHARES BY A DIRECTOR


In accordance with paragraph 3.63 of the JSE Limited Listings Requirements,
shareholders are advised of following dealing in Sabvest shares:

Director                    : Leon Rood
Type and class of           : “N” ordinary shares
securities
Nature of transaction       : On-market purchase of securities
Director’s interest in      : Direct, beneficial
transaction
Date of transaction         : 9 January 2019
Purchase price per          : 3950 cents
security
Number of securities        : 17 224
purchased
Transaction value           : R680 348.00
Clearance to deal           : Mr Rood was appointed a director of the Company on
                              1 January 2019 and he had been purchasing shares in
                              the Company prior to the effective date of his
                              appointment for which no permission or notifications
                              were required. However, in the holiday period he
                              omitted to stop the buying orders when the closed
                              period started on 1 January 2019 and he became a
                              director of the Company. The purchase advised above
                              is accordingly irregular and the JSE has been
                              approached to condone this inadvertent breach. The
                              CEO of Sabvest has confirmed that Mr Rood, as a new
                              director and just starting an induction program, is not in
                              possession of any unpublished price sensitive
                              information.

Sandton
10 January 2019

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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