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NAI NAN
NAI
NAI/NAN - NAIL - Acquisition of Ordinary Shares and "N" ordinary shares by
Primedia (Proprietary) Limited and Directors` dealings in Securities
New Africa Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/002467/06)
Share code: NAI and NAN
ISIN: ZAE000033338 and ZAE000033346
("NAIL" or the "Company")
ACQUISITION OF ORDINARY SHARES AND "N" ORDINARY SHARES BY PRIMEDIA (PROPRIETARY)
LIMITED AND DIRECTORS` DEALINGS IN SECURITIES
DIVIDEND DECLARATION
1. Acquisition of ordinary and "N" ordinary shares
In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the
Act"), and section 3.83(b) of the JSE Listings Requirements, holders of
ordinary and "N" ordinary shares in the Company are advised that Primedia
(Proprietary) Limited, has acquired the following additional ordinary and
"N" ordinary shares in the Company from Capricorn Capital Partners
Investments (Proprietary) Limited:
- 1 185 896 ordinary shares; and
- 27 193 881 "N" ordinary shares.
NAIL hereby confirms that the Company has received notices from both
parties in terms of Section 122(1) of the Act.
The above transaction has resulted in the following changes to the
shareholding in NAIL shares:
- Primedia - increased their beneficial interest in NAIL ordinary shares
from 47.4% to 76.1%, and their beneficial interest in NAIL "N"
ordinary shares from 73.6% to 95.8%.
- Capricorn - reduced their beneficial interest in NAIL ordinary shares
from 50.2% to 21.6%, and their beneficial interest in NAIL "N"
ordinary shares from 26.1% to 3.9%.
2. Directors` dealings in securities
In compliance with section 3.63 to 3.65 of the Listings Requirements of the
JSE Limited ("Listings Requirements"), we hereby advise of the following
dealings by a director in Nail`s securities as a consequence of the
transaction described in paragraph 1:
Name of director: G Chadwick
Date of transaction: 7 July 2011
Initial Price per share: 50.02 cents
Number of shares: 118 352
Total initial value: R59 200
Class of securities: Ordinary shares
Nature of transaction: Disposal
Nature and extent of director`s Indirect Beneficial
interest:
Name of director: G Chadwick
Date of transaction: 7 July 2011
Initial Price per share: 50.02 cents
Number of shares: 2 713 949
Total initial value: R1 357 517
Class of securities: "N" ordinary shares
Nature of transaction: Disposal
Nature and extent of director`s Indirect Beneficial
interest:
The initial price per share may be increased in the event that certain tax
claims NAIL has against South African Revenue Services are received.
Clearance to deal was received in terms of section 3.66 of the Listings
Requirements.
Sandton
7 July 2011
Investment Bank and Sponsor to NAIL
Investec Bank Limited
Date: 07/07/2011 17:45:01 Produced by the JSE SENS Department.
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