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NETCARE LIMITED - Dealings in securities by a director of Netcare

Release Date: 22/05/2019 16:26
Code(s): NTC NTCP     PDF:  
 
Wrap Text
Dealings in securities by a director of Netcare

NETCARE LIMITED
(“Netcare”)
(Registration No. 1996/008242/06)
Code: NTC
ISIN: ZAE000011953
JSE Preference share code: NTCP
ISIN: ZAE000081121

           SENS – DEALINGS IN SECURITIES BY A DIRECTOR OF NETCARE

In terms of paragraph 3.63 – 3.65 of the Listings Requirements of the JSE Limited (“JSE Listings
Requirements”), the following transactions are hereby disclosed. The required prior clearance
for these trades has been obtained.

As a result of the recent decline in Netcare’s share price, Dr Richard Friedland (Dr Friedland)
was obliged to effect the trades outlined below in order to balance the cost of acquisition and
related finance charges arising from the purchase of his shares and the exercising of share
options over several years, against the current value of the share.

The board wishes to confirm that Dr Friedland remains absolutely committed to Netcare. Dr
Friedland has confirmed his intention to remain in office as CEO to oversee the implementation
of the revised strategy, a key component of which is digitisation, until at least the end of 2022.

 DIRECTOR                                             RH FRIEDLAND
 COMPANY                                              NETCARE LIMITED
 CLASS OF SECURITY                                    ORDINARY SHARES
 NATURE OF TRANSACTION                                SALE OF SHARES (OPEN MARKET)
 DATE OF TRANSACTION                                  20 MAY 2019
 NUMBER OF SHARES                                     1 347 514
 HIGH PRICE PER SHARE                                 R20.17
 AVERAGE PRICE PER SHARE                              R20.0184
 LOW PRICE PER SHARE                                  R20.00
 VALUE OF TRANSACTION                                 R26 975 074.26
 DATE OF TRANSACTION                                  21 MAY 2019
 NUMBER OF SHARES                                     9 075 649
 HIGH PRICE PER SHARE                                 R20.03
 AVERAGE PRICE PER SHARE                              R19.0857
 LOW PRICE PER SHARE                                  R19.00
 VALUE OF TRANSACTION                                 R173 215 114.12
 NATURE OF INTEREST                                   DIRECT & BENEFICIAL

22 MAY 2019
Sponsor
Nedbank Corporate and Investment Banking

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