MML - Metmar Limited - Dealings in securities by a director
MML
MML
MML - Metmar Limited - Dealings in securities by a director
Metmar Limited
Incorporated in the Republic of South Africa
Registration number: 1998/007269/06
Share code: MML
ISIN code: ZAE000078747
("Metmar" or "the Company")
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements
("Listings Requirements"), the following information relating to dealings in
Metmar shares by a director of Metmar Trading (Proprietary) Limited is
disclosed:
Name of director: Mr B Hean
Date transaction was effected: 1 July 2011
Nature of transaction: Transfer of securities held in Escrow to Mr Hean in
respect of the acquisition by Metmar of the businesses conducted by West African
International (Proprietary) Limited and West African Ventures (Proprietary)
Limited as announced on SENS on 24 April 2008 ("Previous Transaction")
Class of security: Ordinary shares
Number of securities: 120 675
Total value of transaction: There is no value attributable to the transaction as
it was part of the consideration payable in respect of the Previous Transaction.
Notwithstanding this, in compliance with paragraph 3.63(b)(iv) of the Listings
Requirements, the deemed value of the transaction, based on the prevailing
market price (Metmar`s closing price on 1 July 2011 of 320 cents per share) is
R386 160
Nature of director`s interest: Direct beneficial
Confirmation of on-market or off-market: Off-market
Clearance to deal: Not applicable due to nature of the transaction
5 July 2011
Bryanston
Sponsor
One Capital
Date: 05/07/2011 17:24:00 Produced by the JSE SENS Department.
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