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SOV SOVN
SOV
SOV/SOVN - Sovereign Food Investments Limited - Directors` dealings in
securities in respect of the renounceable rights offer by Sovereign
Sovereign Food Investments Limited
Incorporated in the Republic of South Africa
Registration number 1995/003990/06
JSE code: SOV
ISIN: ZAE000009221
JSE code for Letters of Allocation: SOVN
ISIN for Letters of Allocation: ZAE000152856
("Sovereign" or "the Company")
DIRECTORS` DEALINGS IN SECURITIES IN RESPECT OF THE RENOUNCEABLE RIGHTS OFFER
BY SOVEREIGN
1. Introduction
Sovereign shareholders ("Shareholders") are referred to the announcement
released by the Company on the Securities Exchange News Service ("SENS")
on Monday, 21 February 2011, regarding the partially underwritten
renounceable rights offer of 31 578 947 new Sovereign ordinary shares at
a subscription price of 475 cents per new ordinary share ("Rights
Offer") and the related circular, providing details of the Rights Offer,
which was posted to Shareholders on that day.
2. Closed Period
The record date of the Rights Offer will occur in a closed period, which
will commence on 28 February 2011 until the date of the publication of
Sovereign`s results for the year ended 28 February 2011 ("Closed
Period").
In light of the commencement of the Closed Period, Shareholders are
accordingly advised that the following directors of the Company, Mr C
Coombes and Mr M J B Davis intend to follow their rights with respect to
135 062 nil paid letters of allocation ("NPLs") listed in terms of the
Rights Offer which they collectively hold as a result of either their
direct or indirect interests in the issued share capital of the Company
or through the acquisition of NPLs since the commencement of the Rights
Offer.
A further announcement will be published once the Rights Offer has
closed providing further details of the acquisition of Rights Offer
shares by these directors as a result of them exercising their rights
with respect to the NPLs held by them.
28 February 2011
Port Elizabeth
Sponsor:
One Capital
Date: 01/03/2011 07:05:31 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.
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