| Wed 18 Mar 2009, 16:05 | | SIM - Simmer & Jack Mines Limited - Director`s Dealing In Securities |
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SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Director`s Dealing In Securities
SIMMER & JACK MINES, LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN Code: ZAE00006722
("Simmers" or "the Company")
DIRECTOR`S DEALING IN SECURITIES
In compliance with the requirements of rule 3.63 to 3.66 of the JSE Listings
Requirements the following information is disclosed:
Name of Director : Kevin Wakeford
Company : Simmer and Jack Mines, Limited
Date of Transaction : 24 August 2007
No of shares : 2,000,000
Class : Ordinary
Sale price : Not applicable
Total amount : Unknown
Nature of transaction : Pledge and sale of shares as disclosed below
Extent of interest : Beneficial
Prescribed clearance given : No
Name of Director : BJ Njenje
Company : Simmer and Jack Mines, Limited
Title : Director
Date of Transaction : 14 March 2007
No of shares : 1,007,500
Class : Ordinary
Sale price : Not applicable
Total amount : Unknown
Nature of transaction : Pledge and sale of shares as disclosed below
Extent of interest : Beneficial
Prescribed clearance given : No
Pledge and sale of shares - K Wakeford
On 24 August 2007 Mr Wakeford entered into an agreement with Dealstream
Securities (Pty) Ltd ("Dealstream") in terms whereof Mr Wakeford furnished
Dealstream with a non-discretionary mandate to enable him to utilise their
online trading platform to manage his investments and pledged 2,000,000 Simmers
shares.
Subsequently it appears that the shares were sold by Dealstream, without the
knowledge of or permission from Mr Wakeford, and the funds were misappropriated
by Dealstream.
Pledge and sale of shares - BJ Njenje
On 14 March 2007 Ms Njenje entered into an agreement with Dealstream Securities
(Pty) Ltd ("Dealstream") in terms whereof Ms Njenje furnished Dealstream with a
non-discretionary mandate to enable her to utilise their online trading platform
to manage her investments and pledged 1,007,500 Simmers shares.
Subsequently it appears that the shares were sold by Dealstream, without the
knowledge of or permission from Ms Njenje, and the funds were misappropriated by
Dealstream.
Johannesburg
18 March 2009
Sponsor
Sasfin Capital
A division of Sasfin Bank Ltd
Date: 18/03/2009 16:05:02 Produced by the JSE SENS Department.
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