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QHL
QHL
QHL - Queensgate Hotels And Leisure Limited - Director`s Dealings in Securities
QUEENSGATE HOTELS AND LEISURE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013649/06)
Share code: QHL & ISIN code: ZAE000113718
("Queensgate" or "the company")
DIRECTOR`S DEALINGS IN SECURITIES
Shareholders are advised that Exhibition Building Investments (Proprietary)
Limited has exercised its right to have 30 000 000 Queensgate shares transferred
that were pledged as surety in respect of certain contracts entered into by
Queensgate Holdings (Proprietary) Limited ("QH").
Accordingly, in compliance with rules 3.63 - 3.74 of the JSE Listing
Requirements, the following information is disclosed:
Name of director: AJ Hubbard
Name of associate: QH
Number of securities pledged: 30 000 000
Name of company: Queensgate
Date of exercise of pledge: 4 May 2010
Type and class of securities: Ordinary shares
Number of securities held
indirectly: 15 714 286
Nature of transaction: Transfer of shares in
Queensgate that were pledged
as surety in respect of
certain contracts entered
into by QH and were called
upon by the pledgor thereby
giving rise to the transfer
Price at which shares were
pledged: 7 cents per share
Total value of transaction: R1 100 000.02
Company to whom shares were Exhibition Building
pledged: Investments (Proprietary)
Limited
Nature of interest: Indirect beneficial, AJ
Hubbard who is an executive
director of Queensgate.
Extent of interest: 0.98%
How traded: Off-Market
Name of director: HGB Friedrichsen
Name of associate: QH
Number of securities pledged: 30 000 000
Name of company: Queensgate
Date of exercise of pledge: 4 May 2010
Type and class of securities: Ordinary shares
Number of securities held
indirectly: 10 389 610
Nature of transaction: Transfer of shares in
Queensgate that were pledged
as surety in respect of
certain contracts entered
into by QH and were called
upon by the pledgor thereby
giving rise to the transfer
Price at which shares were
pledged: 7 cents per share
Total value of transaction: R727 272.72
Company to whom shares were Exhibition Building
pledged: Investments (Proprietary)
Limited
Nature of interest: Indirect beneficial, AJ
Hubbard who is an executive
director of Queensgate.
Extent of interest: 0.65%
How traded: Off-Market
Shareholders are advised that the transfer of the shares was triggered during a
closed period. Clearance for the original pledge of shares was obtained in
accordance with Rule 3.66 of the JSE Listing Requirements.
Shareholders are also advised that no further shares are pledged or ceded to any
third party and that Queensgate Business Development (Proprietary) Limited and
QH have no further exposure in relation to Exhibition Building Investments (Pty)
Limited.
Johannesburg
10 May 2010
Designated Advisor Company Secretary
Arcay Moela Sponsors (Pty) Ltd Arcay Client Support (Pty)
Ltd
Date: 11/05/2010 07:27:00 Produced by the JSE SENS Department.
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