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MVS
MVS
MVS - Mvelaserve Limited - Dealing in securities by director
Mvelaserve Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1999/003610/06)
ISIN: ZAE000151353
Share Code: MVS
DEALING IN SECURITIES BY DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : GE Roth
Company : Mvelaserve Limited
Date of transaction : 14 March 2011
Nature of transaction : On market purchase of
securities
Number of securities : 88 718
Class of securities : Ordinary shares
Purchase price : R11,9461
Total value of transaction : R1 059 834
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : JMS Ferreira
Company : Mvelaserve Limited
Date of transaction : 14 March 2011
Nature of transaction : On market purchase of
securities
Number of securities : 195 417
Class of securities : Ordinary shares
Purchase price : R11,9461
Total value of transaction : R2 334 471
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : MSM Xayiya
Company : Mvelaserve Limited
Date of transaction : 14 March 2011
Nature of transaction : On market purchase of
securities
Number of securities : 88 718
Class of securities : Ordinary shares
Purchase price : R11,9461
Total value of transaction : R1 059 834
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : PA van Niekerk
Major subsidiary : Protea Coin Group
Date of transaction : 14 March 2011
Nature of transaction : On market purchase of
securities
Number of securities : 9 709
Class of securities : Ordinary shares
Purchase price : R11,9461
Total value of transaction : R115 985
Nature of interest : Direct beneficial
Clearance obtained : Yes
During 2008 the Mvela Group Remuneration Committee resolved to commence a
process to motivate and retain key management at Mvelaserve. As a result of the
separate listing of Mvelaserve, the Mvela Group Remuneration Committee approved
the payment of cash bonuses to various executives involved in Mvelaserve,
subject to the successful listing on the JSE, and subject to the after tax cash
being used to acquire Mvelaserve Ordinary Shares on the JSE with a lock-in
period of 2 years.
The above trades were executed with the after-tax proceeds of the cash bonuses
paid to the various Mvelaserve executives in accordance with the policy outlined
above and are subject to a 2 year lock-in period.
Centurion
16 March 2011
Sponsor
Investec Bank Limited
Date: 16/03/2011 17:21:00 Produced by the JSE SENS Department.
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