Johnnic Communications Limited - Dealing In Securities By Directors
Johnnic Communications Limited
Registered in the Republic of South Africa
(Registration number 1889/000352/06)
Share code: JCM ISIN: ZAE000024584
(`Johncom`)
DEALING IN SECURITIES BY DIRECTORS
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE
Securities Exchange South Africa, the following information, relating to the
dealing in securities by directors, is disclosed:
Executive director Neil Jacobsohn
Company of which a director Johncom
Transaction date 31 March 2005
Class of securities Ordinary shares
Number of securities 100 000
Strike Price R90 per share for 14 800
R11, 90 for 100 000
R14, 69 for 91 880
R24 for 57 080
The R90 shares were allocated prior to
the MTN Group Ltd unbundling.
Therefore, they qualify for 5,3 MTN
shares and 1.0 Johncom share at the
allocation price.
Total value of transaction R8 047 970,80
Extent of interest Direct beneficial
Nature of transaction In terms of an agreement between the
participants of the Johncom Share
Incentive Scheme, directors are
permitted, upon the vesting of an
option, to elect to relinquish their
rights to such share options in favour
of a cash equivalent, being the
difference between the strike price and
the ruling market price on the preceding
date of such election (`the bonus
equivalent`). Mr Jacobsohn has elected
the bonus equivalent on 31 March 2005 at
a current ruling market price of R44,00
for MTN and R37.30 for Johncom. This
transaction was approved in terms of a
termination of employment contract.
Johannesburg
28 April 2005
Sponsor
Nedbank Capital
Date: 28/04/2005 09:46:29 AM
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