HUG - Huge Group Limited - Directors` dealing in securities
HUG
HUG
HUG - Huge Group Limited - Directors` dealing in securities
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG:ISIN: ZAE000102042
("Huge" or "the Group" or "the Company")
DIRECTORS` DEALING IN SECURITIES
Shareholders are referred to the circular to shareholders dated 9 November 2011
wherein shareholder approval for the disposal by Huge Telecom (Pty) Limited
("Huge Telecom") of a 49% shareholding in the ordinary share capital of
TelePassport Communications (Pty) Limited, a Namibian associate company to Huge
Telecom ("the TelePassport disposal" or "the transaction") was sought and
subsequently obtained, and are advised that all conditions precedent to
conclusion of the transaction have now been fulfilled.
In terms of the TelePassport disposal, 3 500 000 Huge ordinary shares were to be
tendered by Luigi`s Trust as consideration for the transaction, and this
dealings announcement is made in this regard.
Name of director: Luigi`s Trust (AD Potgieter)
Nature of transaction: Disposal
Number of shares: 3 500 000
Disposal price: 140 cents
Date of transaction: 29 December 2011
Value of transaction: R4 900 000
Nature of interest: Indirect beneficial
Clearance to deal obtained: Yes
The shares acquired will be be delisted and cancelled.
Johannesburg
29 December 2011
Designated Advisor
Arcay Moela Sponsors Proprietary Limited
Date: 29/12/2011 17:37:00 Produced by the JSE SENS Department.
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