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TKG
TKG
TKG - Telkom - Notification Of Share Dealings By A Director
Telkom SA Limited
Incorporated in the Republic of South Africa
Registration number: 1991/005476/06
JSE and NYSE Share code: TKG
ISIN: ZAE 000044897
("Telkom" or "the Company")
NOTIFICATION OF SHARE DEALINGS BY A DIRECTOR
Shareholders are referred to the resolution approved by shareholders at the
general meeting of the Company on 26 March 2009 as well as SENS announcement
of 31 March 2009 relating to the amendment to the Telkom conditional Share
Plan and agreement with senior executives regarding their early vesting
benefits of their June 2010 shares. Through this agreement the early vesting
benefits being Vodacom Group Limited ("Vodacom") securities and special
dividend will be realised and utilised in purchasing Telkom shares on the JSE.
The Telkom shares purchased under the early vesting benefit will be subject to
the senior executives remaining in the employ of the Company until June 2010.
Pursuant to the above agreement, the total cash consideration of the early
vesting benefits of the 2010 vesting Telkom options amounted to R1 058 037
representing by the sale of 20,031 Vodacom shares at an average price of
R52,82 and R380 589 of special dividend. Utilising this total cash R1 438 626
consideration Telkom shares were purchased in the open market, details of
which are set out below:
Name of director : PG Nelson
Category of director : Executive
Name of company : Telkom SA Limited
Date of transaction : 24 and 25 June 2009
Price of securities : R36,38 (average)
Number of securities : 39 399 ordinary shares
Total value of securities : R1 433 335
Class of securities : Ordinary shares
Nature of transaction : purchase of ordinary shares
Interest (i.e.
direct/indirect etc.) : Direct beneficial
Clearance to deal received : Yes
Telkom Securities purchased will be warehoused and will vest as follows:
Number of Securities : 39 399
Class of securities : Ordinary shares
Securities consideration : Nil
Option vesting dates : 39 399 ordinary shares
during June 2010
In addition, Mr PG Nelson, in his private capacity, purchased Telkom Shares in
the open market, details of which are set out below:
Name of director : PG Nelson
Category of director : Executive
Name of company : Telkom SA Limited
Date of transaction : 24 and 25 June 2009
Price of securities : R36,38 (average)
Number of securities : 19 182 ordinary shares
Total value of securities : R697 841
Class of securities : Ordinary shares
Nature of transaction : purchase of ordinary
shares
Interest (i.e.
direct/indirect etc.) : Direct beneficial
Clearance to deal received : Yes
PRETORIA
26 June 2009
Transaction Sponsor to Telkom SA Limited
J.P. Morgan Equities Limited
Date: 26/06/2009 12:43:02 Produced by the JSE SENS Department.
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JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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