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SBG
SBG
SBG - Simeka - Dealings In Securities
SIMEKA BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/012583/06)
JSE code: SBG & ISIN: ZAE000074878
("Simeka")
DEALINGS IN SECURITIES
Shareholders are referred to the announcement dated 30 November 2007 in which it
was disclosed that M Papiyana had entered into a zero cost collar hedge over
1,000,000 Simeka ordinary shares.
In terms of the zero cost collar, if at the relevant expiry dates the share
price was below R1.25, put options granted to M Papiyana in respect of the
shares would be automatically exercised without further reference to M
Papiyana. Accordingly the following shares in terms of put options granted
under the zero cost collar were sold:
Date of transaction: Number of securities: Price per security:
5 October 2009 40 000 R1.25
19 October 2009 40 000 R1.25
2 November 2009 40 000 R1.25
16 November 2009 40 000 R1.25
27 November 2009 150 000 R1.25
30 November 2009 40 000 R1.25
11 December 2009 150 000 R1.25
14 December 2009 40 000 R1.25
24 December 2009 150 000 R1.25
28 December 2009 40 000 R1.25
8 January 2010 150 000 R1.25
11 January 2010 40 000 R1.25
25 January 2010 40 000 R1.25
8 February 2010 40 000 R1.25
Nature and extent of interest: Direct beneficial
Clearance to deal: Under the terms of the zero cost collar the
put options were exercised automatically
and without reference to the director.
All options under the zero cost collar have now been exercised.
The records reflecting M Papiyana`s shareholding were adjusted to reflect a
disposal of the above shares in the annual report for the year ended 31 May 2008
and as such there will be no further adjustment following the exercise of the
put options.
4 March 2010
Designated advisor
Java Capital (Proprietary) Limited
Date: 04/03/2010 11:31:01 Produced by the JSE SENS Department.
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