Johncom - Dealing In Securiites By A Director
Johnnic Communications Limited
Registered in the Republic of South Africa
(Registration number 1889/000352/06)
Share code: JCM ISIN: ZAE000024584
("Johncom")
DEALING IN SECURIITES BY A DIRECTOR
Iin terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE
Limited, the following information, relating to the dealing in securities by a
director, is disclosed:
Executive director Conie Molusi
Company of which a director Johncom
Transaction date 30 September 2005
Class of securities Ordinary shares
Number of securities 53 256
Strike Price R90,00 per share for 6 300. These shares
were allocated prior to the MTN Group Limited
unbundling. Therefore, they qualify for 5,3
MTN shares and 1,0 Johncom share at the
allocation price.
R11,90 per share for
20 000 shares
R14,69 per share for 26 956 shares
Value of transaction R1 200 983,64
Extent of interest Direct beneficial
Written clearance to deal Yes
Nature of transaction In terms of an agreement between the
participants of the Johncom Share Incentive
Scheme, participants 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 Molusi
has elected the bonus equivalent at the
ruling market price of R48,50 per share for
the Johncom shares and R316,68 for the
combined Johncom/MTN share options.
11 October 2005.
Johannesburg
Sponsor
Nedbank Capital
Date: 11/10/2005 11:12:12 AM Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
