| Fri 2 Nov 2007, 17:17 | | PAP - Pangbourne - Directors` Dealings In Securiti |
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PAP
PAP
PAP - Pangbourne - Directors` Dealings In Securities
Pangbourne Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002352/06)
Share code: PAP & ISIN: ZAE000005252
("Pangbourne")
DIRECTORS` DEALINGS IN SECURITIES
In line with the directors` decision to align the company more closely with
the interests of shareholders, the executive directors have decided to
reduce the cash portion of their remuneration packages for an offer of
additional shares. In addition Messrs JJ van Wyk and B L Stuhler have taken
up the positions of executive directors and accordingly have been offered a
market related remuneration package which includes shares in the company.
Therefore in compliance with paragraph 3.63 to 3.74 of the Listings
Requirements of the JSE Limited ("the JSE Listings Requirements"), the
following information is disclosed:
Name of director : Mr C M Hutchison
Date of transaction : 2 November 2007
Number of linked units : 1,000,000
Class of security : Linked units
Price per combined unit : R 17.50
Nature of the transaction: Purchase of units
Aggregate consideration : R17,500,000
Nature of Holding: Direct, beneficial
Clearance to deal in these linked units has been obtained in accordance with
Pangbourne`s policy with regard to director`s dealings as well as the JSE
Listings Requirements.
Name of director : Mr R N Wesselo
Date of transaction : 2 November 2007
Number of linked units : 1,300,000
Class of security : Linked units
Price per combined unit : R 17.50
Nature of the transaction: Purchase of units
Aggregate consideration : R22,750,000
Nature of Holding: Direct, beneficial
Clearance to deal in these linked units has been obtained in accordance with
Pangbourne`s policy with regard to director`s dealings as well as the JSE
Listings Requirements.
Name of director : Mr B L Stuhler
Date of transaction : 2 November 2007
Number of linked units : 2,500,000
Class of security : Linked units
Price per combined unit : R 17.50
Nature of the transaction: Purchase of units
Aggregate consideration : R43,750,000
Nature of Holding: Indirect, beneficial
Clearance to deal in these linked units has been obtained in accordance with
Pangbourne`s policy with regard to director`s dealings as well as the JSE
Listings Requirements.
Name of director : Mr J J van Wyk
Date of transaction : 2 November 2007
Number of linked units : 1,000,000
Class of security : Linked units
Price per combined unit : R 17.50
Nature of the transaction: Purchase of units
Aggregate consideration : R17,500,000
Nature of Holding: Direct, beneficial
Clearance to deal in these linked units has been obtained in accordance with
Pangbourne`s policy with regard to director`s dealings as well as the JSE
Listings Requirements.
02 November 2007
Craighall
Sponsor
Deloitte and Touche Sponsor Services (Pty) Limited
Date: 02/11/2007 17:17:01 Produced by the JSE SENS Department.
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