|
RGT
RGT
RGT - RGT Smart Market Intelligence Limited - Specific repurchase of shares from
a related party and associated director dealing
RGT SMART MARKET INTELLIGENCE LIMITED
Incorporated in the Republic of South Africa)
(Registration number: 2008/014367/06)
Share Code: RGT ISIN: ZAE000143715
("RGT SMART" or "the company")
SPECIFIC REPURCHASE OF SHARES FROM A RELATED PARTY AND ASSOCIATED DIRECTOR
DEALING
Shareholders are advised that the Company has entered into a Heads of Agreement
with a related party, being the Kruger Primary Trust, which is a trust of a
director of one of the Company`s major subsidiaries, Republic Computer Services
(Proprietary) Limited ("RGT"), Mr Martin Kruger ("Martin"), pursuant to his
retirement as Managing Director.
This agreement provides for the specific repurchase of 37 781 700 shares by the
Company of Martin`s shares at 10 cents per share totalling R3 778 170, which
payment will be made over a 3 year period.
Martin will retain 74 767 352 shares in RGT SMART, being 17.1% shareholding.
In accordance with rules 3.63 - 3.74 of the JSE Listings Requirements, the
following dealing in the securities of the Company by a director of one of the
wholly-owned subsidiaries is disclosed:
Name of director: Martin Kruger (RGT Managing Director)
Name of company: RGT SMART
Date of transaction: 31 August 2010
Class of securities: Ordinary shares
Number of securities: 37 781 700
Purchase price: 10 cents per share
Total value of transaction: R3 778 170.00
Nature of transaction: Sale
Nature of interest: Indirect beneficial
Extent of interest: 9%
How traded: Off market, with deferred payment
terms
Clearance obtained: Yes
In terms of Section 5.69 of the JSE Listings Requirements, this specific
repurchase of shares from a related party requires approval from shareholders in
general meeting. A circular is being prepared for submission to the JSE.
A separate announcement will be released on SENS in due course detailing the
terms of the final agreement and the pro forma financial effects of this
specific repurchase.
Johannesburg
01 September 2010
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 01/09/2010 16:58:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
