WGR
WGR
WGR - Witwatersrand Consolidated Gold Resources Limited - Unusual share trades
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
("Wits Gold")
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
Unusual share trades
It has come to the Company`s attention that a number of unusual share trades
occurred on 8 and 9 September 2008. The following explanations have been
obtained:
8 September 2008.
A broker erroneously placed an order to sell 1 000 shares at 85 cents per share
instead of 8500 cents per share. Due to the fact that the price variance was
greater than 5% from the last trade AND the loss was greater than R50 000, the
trade was cancelled.
9 September 2008.
During the opening auction, as part of a Resource Index basket transaction, a
broker entered an order to sell 20 shares at market. At that time the best bid
in the market was a bid of 100 cents per share which had been left in the system
from the previous day. Subsequently another broker entered an order to buy 20
shares at 105 cents per share and this was matched to the sell order.
Unfortunately, in this case, the trade did not qualify for cancellation as, in
spite of the price variance being greater than 5% from the last trade, the
subsequent loss was less than R50 000. Accordingly the statistics for 9
September 2008 will reflect a low of 105 cents.
10 September 2008
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 10/09/2008 12:39:11 Produced by the JSE SENS Department.
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