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MMI
MMI
MMI - MMI Holdings Limited - Dealings in securities by directors
MMI Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 2000/031756/06
ISIN Code: ZAE000149902
JSE Share Code: MMI
NSX Share Code: MIM
("MMI" or "the company")
DEALINGS IN SECURITIES BY DIRECTORS
Director: Nicolaas Abraham Stefanus Kruger
Company: MMI Holdings
Nature of transaction: Vesting of forfeitable shares
Type of trade: Off market
Number of securities: 58 748
Class of securities: Ordinary shares
Deemed Price*: R16-40
Total Value of Transaction: R963 467-20
Nature of Interest: Direct, beneficial
Clearance obtained: Yes
Director: Morris Mthombeni
Company: MMI Holdings
Nature of transaction: Vesting of forfeitable shares
Type of trade: Off market
Number of securities: 29 427
Class of securities: Ordinary shares
Deemed Price*: R16-40
Total Value of Transaction: R482 602-80
Nature of Interest: Direct, beneficial
Clearance obtained: Yes
* In terms of the FirstRand Forfeitable Share Plan, Messrs Kruger and
Mthombeni were issued with FirstRand Ordinary Shares on 15 September 2009
subject to a restriction on trading these shares, which restriction was
lifted on 15 September 2011. Following the acquisition of Momentum Group by
MMI Holdings ("the Momentum lift-out"), a distribution of MMI Holdings
shares was made to FirstRand ordinary shareholders. Flowing from the
Momentum lift-out Mr Kruger received 58 748 MMI Holdings shares and Mr
Mthombeni received 29 427 MMI Holdings shares. Both Mr Kruger and Mr
Mthombeni have now taken delivery of these MMI Holdings ordinary shares
following the lifting of the restriction in trading in these shares. The
deemed price represents the closing price of the MMI Holdings shares on
15 September 2011.
Pretoria
19 September 2011
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 19/09/2011 15:54:37 Produced by the JSE SENS Department.
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