| Wed 23 Dec 2009, 8:55 | | RMH/FSR - RMB Holdings Limited/FirstRand Limited - Purchase and sale of shares |
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FSR RMH
FSR RMH
RMH/FSR - RMB Holdings Limited/FirstRand Limited - Purchase and sale of shares
between directors and senior executives of the group
RMB Holdings Limited
(Incorporated in South Africa)
(Registration number 1987/005115/06)
(ISIN: ZAE000024501)
Share Code (JSE): RMH
("RMBH")
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
(ISIN: ZAE000066304)
Share Code (JSE): FSR
Share Code (NSX): FSR
("FirstRand")
PURCHASE AND SALE OF SHARES BETWEEN DIRECTORS AND SENIOR EXECUTIVES OF THE GROUP
Rand Merchant Bank is authorised to announce that, in a private transaction, a
group of senior executives in RMBH and FirstRand (collectively "the Group
Executives") have agreed to purchase RMBH and FirstRand ordinary shares from a
consortium of RMBH and FirstRand directors comprising Messrs GT Ferreira, LL
Dippenaar and PK Harris (collectively the "Founders` Consortium").
The agreed transaction value amounts to R398,4 million, and was based on the 30-
day volume weighted average prices ruling in middle October 2009 when
discussions were initiated.
In compliance with the JSE Limited Listing Requirements, the following
information is disclosed:
1 Purchase of Ordinary Shares in: RMBH FirstRand
Number of shares bought by:
SE Nxasana (FirstRand) - 3,7 million
JP Burger (FirstRand) - 5,0 million
Other FirstRand Group Executives - 14,1 million
P Cooper (RMBH) 1,2 million -
Total number of shares: 1,2 million 22,80
million
Share Price: R26.84 R16.06
Value of transactions: R32,2 R366,2
million million
2 Sale of Ordinary Shares in: RMBH FirstRand
Approximate number of shares to be sold
by:
GT Ferreira 6,6 million -
LL Dippenaar 6,6 million -
PK Harris 1,6 million -
Total 14,8 million -
Share Price: R26.84 -
Value of transaction: R398,4 -
million
It is anticipated that the transaction will be implemented during the first
quarter of 2010. To the extent that there is an imbalance between the share
counters being sold by the Founders` Consortium and that being acquired by the
Group Executives, the Founders` Consortium will sell RMBH shares and acquire
FirstRand shares in the market at that stage.
The nature of the directors` interest that was bought and sold were all indirect
beneficial.
Clearance was obtained for all of the above transactions.
Sandton
23 December 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/12/2009 08:55:01 Produced by the JSE SENS Department.
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