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BEG
BEG
BEG - Beige - Clarification Of Single Stock Futures Trade Announcement
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000034161
Share code: BEG
CLARIFICATION OF SINGLE STOCK FUTURES TRADE ANNOUNCEMENT
Thebe Medicare (Proprietary) Limited ("Thebe") has entered into 18 766 860
single stock futures contracts in respect of its existing shareholding in
Beige. The contracts entered into are akin to a conversion of Thebe`s
existing investment in Beige into a different instrument through the sale of
the underlying ordinary shares at 28 cent per share and the purchase of the
single stock future contracts at R29.00 per futures contract, secured by the
underlying shares. Through each single stock futures contract, Thebe has
committed to purchase 100 shares when the futures contract expires and
accordingly the sale of the 187 668 600 shares is effectively neutralised
through the purchase of 18 766 860 futures contracts. In terms of the
contracts entered into, Thebe retains the beneficial interest in the shares
and accordingly, the voting rights attached thereto. In compliance with
paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited
("JSE"), the following information relating to directors of Beige holding an
indirect beneficial interest in Thebe is disclosed:
Name of director: Y Bhayat
Date of transaction 03 July 2007
Number of shares sold 45 978 807 shares at 28 cents per
(indirectly): share
Number of single stock futures 459 788 contracts representing 45
contracts purchased (indirectly): 978 807 shares
Class of securities: Single stock futures
Nature of transaction: Sale of underlying shares and
purchase of single stock futures
contracts
Contract price per future: R29.00
Nature of director`s interest: Indirect Beneficial
Extent of interest (indirectly 23.96%
held):
Indirect value of transaction: R13 333 852
Expiry date of contract: September 2007
Name of director: J Black
Date of transaction: 03 July 2007
Number of shares sold 74 129 097 shares at 28 cents
(indirectly): per share
Number of single stock futures 741 290 contracts representing
contracts purchased (indirectly): 74 129 097 shares
Class of securities: Single stock futures
Nature of transaction: Sale of underlying shares and
purchase of single stock futures
contracts
Contract price per future: R29.00
Nature of director`s interest: Indirect Beneficial
Extent of interest (indirectly 38.64%
held):
Indirect value of transaction R21 497 410
(indirect):
Expiry date of contract: September 2007
Clearance to deal was obtained in accordance with paragraph 3.66 of the
Listings Requirements of the JSE.
Johannesburg
11 July 2007
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 12/07/2007 09:27:01 Produced by the JSE SENS Department.
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