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CNL
CNL
CNL - Control Instruments Group Limited - Purchase Of Securities By Directors
And Director Securities Update
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
JSE Share Code: CNL
ISIN: ZAE000001665
("Control Instruments")
PURCHASE OF SECURITIES BY DIRECTORS AND DIRECTOR SECURITIES UPDATE
In compliance with sections 3.63 - 3.74 of the Listings Requirements of the JSE
Limited ("JSE"), the following information is disclosed:
Name: SV Bromfield (Non-executive Director)
Date: 30 June 2009
Number of shares purchased: 2 315 193
Average price per share: R0.27
Total value: R625 102.11
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Direct beneficial
Name: R Friedman (Group Managing Director)
Date: 30 June 2009
Number of shares purchased: 2 195 192
Average price per share: R0.27
Total value: R592 701.84
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Direct beneficial
Name: R Friedman (Group Managing Director)
Date: 30 June 2009
Number of shares purchased: 905 000
Average price per share: R0.27098
Total value: R245 234.00
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Indirect non-beneficial
Name: SD Rogers (COO - South African Operations)
Date: 30 June 2009
Number of shares purchased: 185 200
Average price per share: R0.27
Total value: R50 004.00
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Direct beneficial
Name: FE Giliomee (Group Financial Director)
Date: 30 June 2009
Number of shares purchased: 500 000
Average price per share: R0.27221
Total value: R136 105.00
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Direct beneficial
Name: N Preston (COO - International Operations)
Date: 30 June 2009
Number of shares purchased: 135 000
Average price per share: R0.27
Total value: R36 450.00
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Direct beneficial
Name: B Hucq (Financial director - International
Operations)
Date: 30 June 2009
Number of shares purchased: 100 000
Average price per share: R0.27
Total value: R27 000.00
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Direct beneficial
Name: S Barnard (Company Secretary)
Date: 30 June 2009
Number of shares purchased: 50 000
Average price per share: R0.27221
Total value: R13 610.50
Nature of transaction: Purchase of Control Instruments shares
Interest in transaction: Indirect beneficial
Clearance to deal in these shares was obtained in accordance with Control
Instruments` policy with regard to directors` dealings as well as the Listings
Requirements of the JSE.
DIRECTOR SECURITIES UPDATE
Group Managing Director, Richard Friedman ("Friedman"), had a number of shares
that were caught up in the collapse of Dealstream Securities (Pty) Limited
("Dealstream"). Agreement has been reached with certain of the parties in
respect of some of these shares and it is now possible to ascertain exactly how
many of his Control Instruments shares were lost.
A `worst case scenario` in respect of Friedman`s shareholding was published in
the Group`s annual report for the year ended 31 December 2008 ("annual report"),
which was mailed to shareholders on 31 March 2009.
Following the purchases of shares disclosed in this announcement and the
completion of negotiations referred to above, Friedman`s shareholdings in CNL
shares can be confirmed as follows:
Direct beneficial shares - 8 354 434 (3 637 131 per the annual report).
Indirect beneficial shares - 1 028 100 (no change from annual report).
Indirect non-beneficial shares - 8 304 406 (7 399 406 per the annual report).
Friedman used Dealstream to purchase 1 512 500 CNL shares in 2007 and 3 165 400
CNL shares in 2008. The purchases of these shares were announced on SENS in
keeping with the JSE`s Listing Requirements for purchases of shares. It has now
been established that these shares were lost with the collapse of Dealstream.
The loss of these shares has been taken into account in calculating Friedman`s
shareholdings.
Cape Town
2 July 2009
Sponsor
Investec Bank Limited
Date: 02/07/2009 15:20:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
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,
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howsoever arising, from the use of SENS or the use of, or reliance on,
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