Milkworx - Dealing in securities by directors of l
Milkworx - Dealing in securities by directors of listed company
MILKWORX LIMITED
Registration number: 1998/011074/06
Share code: MKX
ISIN: ZAE000058020
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY
In terms of paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange, South Africa, shareholders are advised that the directors
of Milkworx have agreed to make available a total of 25 000 000 of their
privately held shares to the market in order to facilitate improved liquidity of
the company`s securities and increase the public shareholder base. The
following information relating to the release and sale of shares by director is
accordingly disclosed:
(In compliance with paragraph 3.63 of the Listings Requirements of the JSE
Securities Exchange South Africa)
Director: CP Bradshaw (Operational Director)
Name of company: MILKWORX LIMITED
Date: 18 May 2005
Price: 6 cents per share
Number of shares: 12 000 000
Class: Ordinary shares
Nature: Sale
Total consideration: R720 000
Extent of Director`s Interest: Indirect and beneficial.
River Group (Designated Advisor)
Date: 18 May 2005
Price: 6 cents per share
Number of shares: 2 300 000
Class: Ordinary
Nature: Purchase
Total consideration: R138 000
Nature and extent of purchase: Indirect and non-beneficial
Rivergroup holds 5 000 000 shares in Milkworx Limited.
The South African Horticulture Technology Limited (`SAHT`) and its associates
acquired 9,4 million of the shares sold by CP Bradshaw, and currently hold 22%
of the issued shares of the company.
Pretoria
19 May 2005
Sponsor: River Group
Date: 19/05/2005 02:43:02 PM
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