| Wed 12 Sep 2007, 16:45 | | APA/APB/AXC - Apexhi Properties Limited - Dealings |
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APA APB AXC
APA
APA/APB/AXC - Apexhi Properties Limited - Dealings In Securities
ApexHi Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 1999/000238/06
JSE share code: APA & ISIN: ZAE000083598
JSE share code: APB & ISIN: ZAE000083580
JSE share code: AXC & ISIN: ZAE000083606
("ApexHi")
DEALINGS IN SECURITIES
In compliance with sections 3.63 - 3.73 of the Listings Requirements of the
JSE Limited, ApexHi discloses that it has been notified by Madison Property
Fund Managers Limited ("Madison"), an "independent entity" (as contemplated in
paragraph 3.63 of the JSE Listings Requirements) that on 10 September 2007
Madison disposed of 1,000,000 ApexHi A linked units at a price of R14.80 per
linked unit (with a total value of R14,800,000), 44,233 ApexHi A Linked units
at a price of R14.75 per linked unit (with a total value of R652,437),
1,000,000 ApexHi B linked units at a price of R17.50 per linked unit (with a
total value of R17,500,000) and 2,500,000 ApexHi C linked units at a price of
R7.25 per linked unit (with a total value of R18,125,250). Madison has advised
that the ApexHi A, B and C units were disposed of to align Madison`s
investment in ApexHi units to that required for incentivisation commitments to
staff seconded to ApexHi. Marc Wainer and Wolf Cesman who are directors of
ApexHi are also directors and unitholders of ApexHi.
As the transaction does not relate to a director`s dealing in ApexHi
securities, no clearance to deal was required in terms of paragraph 3.66 of
the JSE Listings Requirements.
Rosebank
12 September 2007
Sponsor
Java Capital (Proprietary) Limited
Date: 12/09/2007 16:45:19 Produced by the JSE SENS Department.
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