BLU - Blue Label Telecoms - Dealings In Securities
BLU
BLU
BLU - Blue Label Telecoms - Dealings In Securities
Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU & ISIN: ZAE000109088
("BLT" or "the company")
Dealings in Securities
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the
following information is disclosed:
Company: Blue Label Telecoms Limited
Major Subsidiary The Prepaid Company (Pty) Ltd
Director: Selwyn Roy Diamond
Date of transaction: 20 February 2008
Number of shares: 33 126
Price of shares: R8.23
Total value: R272 627
Class of shares: Ordinary shares
Nature of transaction: Sale
Nature of interest: Direct Beneficial
Clearance: Clearance in terms of par. 3.66 of the JSE Listings
Requirements was not obtained.
Further to the announcement made on the 28th and 29th February 2008, it is
hereby advised that following a reconciliation of the broker notes relating to
the trades in Blue Label shares, Mr. Diamond discovered that a broker
instruction, for his own account, had been carried out to sell a total of 33 126
Blue Label shares. Mr Diamond acquired these shares pursuant to the private
placement of Blue Label shares, as part of the private client allocation, prior
to its listing. The shares were acquired at a cost of R6.75 per share, amounting
to a total cost of R223 600, and were sold for R272 627, resulting in a profit
of R49 027 before costs and taxes.
The shares were sold during an open period and dealing in these shares was not
subject to any trade restriction.
The sale of these share was not referred to in the earlier announcements of the
28th and 29th of February due to an administrative oversight on the part of Mr.
Diamond.
19 March 2008
Sponsor:
Investec Bank Limited
Date: 19/03/2008 11:21:02 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
