| Fri 15 Feb 2008, 16:15 | | SBG - Simeka Business Solutions Group Limited - Directors dealings in securities |
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SBG
SBG
SBG - Simeka Business Solutions Group Limited - Directors dealings in securities
SIMEKA BUSINESS SOLUTIONS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/012583/06)
JSE code: SBG ISIN: ZAE000074878
("Simeka")
DIRECTORS` DEALINGS IN SECURITIES
Shareholders are referred to the SENS announcement dated 30 November 2007, with
regards to the Directors dealing in Securities, we wish to confirm that the
following transactions have been closed off and none of the directors has any
further exposure to the futures contracts.
In compliance with sections 3.63 to 3.65 of the Listings Requirements of the JSE
Limited ("JSE"), the following information is disclosed:
Name of director: M Papiyana
Date of transaction: 16 January 2008
Nature of transaction: Sale of 15,000 Simeka futures contracts
(equivalent to 1,500,000 Simeka ordinary
shares) at an effective price of R1.01 per
share with a total value of R1,515,000.00
(to close out an equivalent number of
futures contracts bought at an effective
price of R1.29 per share).
Nature and extent of director`s Direct Beneficial
interest:
Name of company secretary: N de Koker
Date of transaction: 15 January 2008
Nature of transaction: Sale of 2,000 Simeka futures contracts
(equivalent to 200,000 Simeka ordinary
shares)at an effective price of R1.07 per
share with a total value of R214,000.00 (to
close out an equivalent number of futures
contracts bought at an effective price of
R1.29 per share).
Nature and extent of company Direct Beneficial
secretary`s interest:
Name of director: MS Varachia Holdings Company (Pty) Ltd an
associate of MS Varachia a director of
Simeka
Date of transaction: 16 January 2008
Nature of transaction: Sale of 55,000 Simeka futures contracts
(equivalent to 5,500,000 Simeka ordinary
shares) at an effective price of R1.01 per
share with a total value of R5,555,000.00
(to close out an equivalent number of
futures contracts bought at an effective
price of R1.29 per share).
Nature and extent of director`s Indirect non-beneficial
interest:
Name of director: S Singh
Date of transaction: 16 January 2008
Nature of transaction: Sale of 30,000 Simeka futures contracts
(equivalent to 3,000,000 Simeka ordinary
shares) at an effective price of R1.01 per
share with a total value of R3,030.000 (to
close out an equivalent number of futures
contracts bought at an effective price of
R1.29 per share).
Nature and extent of director`s Direct beneficial
interest:
Name of director: A Evan
Date of transaction: 16 January 2008
Nature of transaction: Sale of 30,000 Simeka futures contracts
(equivalent to 3,000,000 Simeka ordinary
shares)at an effective price of R1.01 per
share with a total value of R3,030.000 (to
close out an equivalent number of futures
contracts bought at an effective price of
R1.29 per share).
Nature and extent of director`s Direct beneficial
interest:
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings
Requirements.
15 February 2008
Designated advisor
Java Capital (Proprietary) Limited
Date: 15/02/2008 16:15:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
