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EQS
EQS
EQS - Eqstra Holdings Limited - Dealings in securities by Directors of major
subsidiaries of the Company
EQSTRA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/011672/06)
ISIN: ZAE000117123
JSE share code: EQS, EQS01, EQS02, EQS04
("Eqstra" or "the Company" or "the Group")
ACCEPTANCE OF OFFER AND DELIVERY OF MATCHING SHARES IN TERMS OF THE EQSTRA
DEFERRED BONUS PLAN AND DEALINGS IN SECURITIES BY DIRECTORS OF MAJOR
SUBSIDIARIES OF THE COMPANY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
The directors of the Company and of major subsidiaries of the Company utilised
a portion of their after tax component of their annual bonus to acquire shares
in the Company in 2008 which were held in escrow in terms of the Deferred
Bonus Plan ("DBP") offer. In terms of the rules of the DBP, if the directors
remained in the employ of the Group and retained these shares for a three year
period from date of offer, the Company would make a matching award of Eqstra
shares to the directors. The matching shares were adjusted for those who
exercised their rights in terms of the rules of the DBP, due to the impact of
the rights offer.
Director : WS Hill
Company : Eqstra Holdings Limited
Date of offer and acceptance : 1 September 2008
Nature of transaction : Off market acceptance of offer and
delivery of matching shares in terms
of the Eqstra DBP
Class of securities : Ordinary shares
Number of shares purchased and : 95 000
offered
Share purchase price : R9.20
Total value of transaction : R874 000
Number of matching shares : 148 873
delivered
Deemed price* : R7.752
Total value of transaction : R1 154 063.50
Date of delivery of shares : 17 May 2012
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : E Clarke
Company : Eqstra Holdings Limited
Date of offer and acceptance: : 1 September 2008
Nature of transaction : Off market acceptance of offer and
delivery of matching shares in terms
of the Eqstra DBP
Class of securities : Ordinary shares
Number of shares purchased and : 25 000
offered
Share purchase price : R4.865
Total value of transaction : R121 625
Number of matching shares : 25 000
delivered
Deemed price* : R7.752
Total value of transaction : R193 800
Date of delivery of shares : 17 May 2012
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : G Neubert
Company : Saficon Industrial Equipment (Pty)
Limited
Date of offer and acceptance : 1 September 2008
Nature of transaction : Off market acceptance of offer and
delivery of matching shares in terms
of the Eqstra DBP
Class of securities : Ordinary shares
Number of shares purchased and :
offered 37 000
Share purchase price : R7.839
Total value of transaction : R290 043
Number of matching shares : 57 982
delivered
Deemed price* : R7.752
Total value of transaction : R449 476.46
Date of delivery of shares : 17 May 2012
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : JV Carr
Company : Eqstra Corporation (Pty) Limited
Date of offer and acceptance : 1 September 2008
Nature of transaction : Off market acceptance of offer and
delivery of matching shares in terms
of the Eqstra DBP
Class of securities : Ordinary shares
Number of shares purchased and : 20 000
offered
Share purchase price : R9.819
Total value of transaction : R193 380
Number of matching shares : 20 000
delivered
Deemed price* : R7.752
Total value of transaction : R155 040
Date of delivery of shares : 17 May 2012
Nature of transaction : Off market sale of matching DBP
shares which vested on 17 May 2012
Date of transaction : 17 May 2012
Class of securities : Ordinary shares
Number of shares sold : 8000
Selling price : R7.752
Total value of transaction : R62 016.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Mrs Carr elected to sell adequate shares to fund her employee tax liability.
All other directors elected to pay their employee tax liability and receive
the gross number of matching shares. The total value of the transactions of 17
May 2012 reflects the pre-tax value of the matching shares.
*Purchase price per share on the date matching awards were bought.
Johannesburg
17 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/05/2012 11:48:01 Produced by the JSE SENS Department.
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