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WEA
WEA
WEA - WG Wearne Limited - Dealings In Securities By Directors
WG WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
JSE code: WEA
ISIN: ZAE000078002
("the company")
DEALINGS IN SECURITIES BY DIRECTORS
The following information is disclosed relating to director`s dealings in the
company`s securities:
Name of director: SJ Wearne
Date of transaction: 31 August 2009
Nature of transaction: Agreement to subscribe for
Wearne shares pursuant to a
rights offer
Number of securities: 5 000 000 (1)
Price per security: R0.40
Total value: R2 000 000
Nature of interest: Direct beneficial
Clearance to deal: Yes
Name of director: JC Wearne
Date of transaction: 31 August 2009
Nature of transaction: Agreement to subscribe for
Wearne shares pursuant to a
rights offer
Number of securities: 2 500 000 (1)
Price per security: R0.40
Total value: R1 000 000
Nature of interest: Direct beneficial
Clearance to deal: Yes
Name of director: SJ Wearne and JC Wearne
Date of transaction: 31 August 2009
Nature of transaction: Agreement to subscribe for
Wearne shares pursuant to a
rights offer by a trust of
which the directors are
beneficiaries
Number of securities: 7 500 000 (1)
Price per security: R0.40
Total value: R3 000 000
Nature of interest: Indirect beneficial
Clearance to deal: Yes
Name of director: N Heyns and HWP Scholtz
Date of transaction: 31 August 2009
Nature of transaction: Agreements to subscribe for
Wearne shares pursuant to a
rights offer by trusts of
which the directors are
beneficiaries
Number of securities: 25 000 000 (1)
Price per security: R0.40
Total value: R10 000 000
Nature of interest: Indirect beneficial
Clearance to deal: Yes
(1) The number of shares as reflected represents the maximum number of shares
which may be subscribed for pursuant to a proposed rights offer. The exact
number of shares ultimately subscribed for will depend on the level of
subscription for shares by other parties pursuant to the rights offer. Further
information relating to the proposed rights offer will be announced in due
course.
Johannesburg
31 August 2009
Designated Adviser
Vunani Corporate Finance
Date: 31/08/2009 17:05:02 Produced by the JSE SENS Department.
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