| Mon 14 Mar 2011, 13:48 | | TRE - Trencor Limited - Sale of shares by directors as a result of a Specific |
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TRE
TRE
TRE - Trencor Limited - Sale of shares by directors as a result of a Specific
Share Repurchase
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1955/002869/06)
ISIN: ZAE000007506
Share Code: TRE
("Trencor")
SALE OF SHARES BY DIRECTORS AS A RESULT OF A SPECIFIC SHARE REPURCHASE
Further to the finalisation announcement released on SENS on 18 January 2011
that all conditions precedent to the specific share repurchase had been
fulfilled, it is now advised that the specific share repurchase of 10 800 881
Trencor shares ("Buy-Back Shares") from trusts in respect of which Messrs NI
Jowell and C Jowell, directors of Trencor, are amongst the beneficiaries, was
implemented on Monday, 14 March 2011.
Accordingly, the resultant issued share capital in Trencor is R883 340,06
comprising 176 668 011 ordinary shares with a par value of 0,5 cent each.
In compliance with Rules 3.63 - 3.74 of the Listings Requirements of the JSE
Limited ("JSE"), the following information is provided:
Director : NI Jowell
Company : Trencor
Date of transaction : 14 March 2011
Nature of transaction : Off market specific share repurchase by
Trencor
Class of securities : Ordinary shares
Number of shares : 5 400 441
Selling price : R38,61 per share
Total value of transaction : R208 511 027,01
Nature and extent of interest : Indirect beneficial
Clearance obtained : Yes
Director : C Jowell
Company : Trencor
Date of transaction : 14 March 2011
Nature of transaction : Off market specific share repurchase by
Trencor
Class of securities : Ordinary shares
Number of shares : 5 400 440
Selling price : R38,61 per share
Total value of transaction : R208 510 988,40
Nature and extent of interest : Indirect beneficial
Clearance obtained : Yes
Trencor will:
apply for the delisting of the Buy-Back Shares on the JSE; and
cancel the Buy-Back Shares in due course.
Cape Town
14 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/03/2011 13:48:00 Produced by the JSE SENS Department.
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