| Tue 4 Nov 2008, 13:15 | | PET - Petmin - Dealing In Securities By Directors |
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PET
PET
PET - Petmin - Dealing In Securities By Directors
PETMIN LIMITED
(Formerly Petra Mining Limited)
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin", "the company" or "the group")
DEALING IN SECURITIES BY DIRECTORS
In compliance with rule 3.63 of the JSE Limited Listings Requirements, the
following information is disclosed Petmin having been notified of these
transactions on 30 October 2008:
Name of director: Mr JA Strijdom (Non Executive Director)
Name of company of which he is a Petmin Limited
director:
Date transaction was effected: The options were granted on 29 November
2004 and expires in August 2009 and
exercised on 30 October 2008
Nature of transaction: Exercise of options in terms of an option
agreement.
Class of security: Option to acquire ordinary shares
Number of securities: 250,000
Strike price (cents): 45
Payment terms: On or prior to 4 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been made):
Total value of transaction: R112,500
Nature of director`s interest Direct beneficial
Name of director: Mr E de Villiers Greyling (Non Executive
Director)
Name of company of which he is a Petmin Limited
director:
Date transaction was effected: The options were granted on 29 November
2004 and expires in August 2009 and
exercised on 30 October 2008
Nature of transaction: Exercise of options in terms of an option
agreement
Class of security: Option to acquire ordinary shares
Number of securities: 250,000
Strike price (cents): 45
Payment terms: On or prior to 4 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been made):
Total value of transaction: R112,500
Nature of director`s interest Direct beneficial
Name of director: L Mogotsi (Executive Director)
Name of company of which he is a Petmin Limited
director:
Date transaction was effected: The options were granted on 29 November
2004 and expires in August 2009 and
exercised on 30 October 2008
Nature of transaction: Exercise of options in terms of an option
agreement
Class of security: Option to acquire ordinary shares
Number of securities: 250,000
Strike price (cents): 45
Payment terms: On or prior to 4 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been made):
Total value of transaction: R112,500
Nature of director`s interest Direct beneficial
Name of director: A Martin (Non Executive Director) through
his interest in Dark Capital (Pty) Ltd,
Petmin`s anchor BEE shareholder.
Name of company of which he is a Petmin Limited
director:
Date transaction was effected: The options were granted on 30 November
2005 as published in the circular to
shareholders dated 7 November 2005 and
expires on 31 October 2008 and was
exercised on 30 October 2008
Nature of transaction: Grant of options in terms of a specific
issue of shares approved by shareholders on
30 November 2005
Class of security: Option to acquire ordinary shares
Number of securities: 7,000,000
Strike price (cents): 65
Payment terms: On or prior to 6 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been made):
Total value of transaction: R4,550,000
Nature of director`s interest Indirect and non-benefical
Name of director: MR Snelling (Executive Director of
Springlake Holdings Proprietary Limited
("Springlake"), a wholly owned subsidiary
of Petmin Limited)
Name of company of which he is a Springlake
director:
Date transaction was effected: On 30 November 2005 as part of the
Springlake acquisition as published in the
Circular to Shareholders dated 7 November
2005
Nature of transaction: Issue of shares in terms of a resolution
approved by shareholders on 30 November
2005. The shares are issued for the
finalization of the acquisition of
Springlake Holdings Proprietary Limited
Shares. The shares are issued in final
settlement and was subject to the
achievement of certain milestones. Petmin
has no further obligations to issue shares
pursuant to the Springlake Transaction.
Class of security: Ordinary shares
Number of securities: 1 000 000
Issue price (cents): 60
Dates of release of the shares: 7 November 2008
Total value of transaction: R600 000,00
Nature of director`s interest Direct and benefical
Name of director: BT Tanner (Executive Director of Springlake
Holdings Proprietary Limited, a wholly
owned subsidiary of Petmin Limited)
Name of company of which he is a Springlake Holdings Proprietary Limited
director:
Date transaction was effected: On 30 November 2005 as part of the
Springlake Holdings Ltd acquisition as
published in the Circular to Shareholders
dated 7 November 2005
Nature of transaction: Issue of shares in terms of a resolution
approved by shareholders on 30 November
2005. The shares are issued for the
finalization of the acquisition of
Springlake Holdings Proprietary Limited
Shares. The shares are issued in final
settlement and was subject to the
achievement of certain milestones. Petmin
has no further obligations to issue shares
pursuant to the Springlake Transaction.
Class of security: Ordinary shares
Number of securities: 730 000
Issue price (cents): 60
Dates of release of the shares 7 November 2008
(assuming payment has been made):
Total value of transaction: R438 000,00
Nature of director`s interest Direct and benefical
Name of director: R Pinheiro (Executive Director of
Springlake Holdings Proprietary Limited, a
wholly owned subsidiary of Petmin Limited)
Name of company of which he is a Springlake Holdings Proprietary Limited
director:
Date transaction was effected: On 30 November 2005 as part of the
Springlake Holdings Ltd acquisition as
published in the Circular to Shareholders
dated 7 November 2005
Nature of transaction: Issue of shares in terms of a resolution
approved by shareholders on 30 November
2005. The shares are issued for the
finalization of the acquisition of
Springlake Holdings Proprietary Limited
Shares. The shares are issued in final
settlement and was subject to the
achievement of certain milestones. Petmin
has no further obligations to issue shares
pursuant to the Springlake Transaction.
Class of security: Ordinary shares
Number of securities: 500 000
Issue price (cents): 60
Dates of release of the shares 7 November 2008
assuming payment has been made):
Total value of transaction: R300 000,00
Nature of director`s interest Direct and benefical
Shareholders are further advised that an employee of the Company has exercised
30 000 Petmin share options at 65 cents per share in terms of the Petmin Share
Option Scheme and a further 237 000 ordinary shares are to be issued to N.
Rampago at 60 cents per share in final settlement of the Springlake Holdings
(Pty) Ltd acquisition.
2 000 000 Petmin shares currently held as treasury stock will be utilized to
partially fulfill the abovementioned obligation. New shares will be listed for
the balance.
Clearance for these transactions was provided in terms of section 3.66 of the
JSE Listings Requirements.
04 November 2008
Johannesburg
Sponsor
River Group
Enquiries:
Petmin
Bradley Doig (COO) +27 824 597 818
www.petmin.co.za
Nominated Adviser
Numis Securities Limited
John Harrison +44 (0) 20 7260 1411
Sponsor
River Group
Casper van Wyk +27 832 535 327
Parkgreen Communications +44 (0) 20 7851 7480
Sue Scott
Date: 04/11/2008 13:15:02 Produced by the JSE SENS Department.
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