Beige Holdings Limited ("Beige") -
Beige Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number - 1991/006871/06)
Share code: BEG ISIN: ZAE 000034161
DEALINGS IN SECURITIES BY DIRECTORS
With reference to the circular to shareholders dated 13 August 2002 the vendors
of Zizmax Investments (Pty) Ltd t/a Dudleys ("Dudley"s") have met and exceeded
the profit warranties as per the signed and approved agreements. 10 000 000
unlisted shares as issued at 06 cents on 28 August 2002 have therefore been
listed and 8 723 850 additional shares have been issued to the vendors of Zizmax
at 8 cents per share, resulting in the cost of investment increasing to R3 547
908. The vendor of the business and assets of Get Fresh Cosmetics SA (Pty) Ltd
has not met the profit warranties and accordingly the 21 250 000 issued but
unlisted shares held in reserve have been cancelled. In addition, R867 000 in
cash retained against profit warranty performance is no longer payable. This
has resulted in a write back to profits in the year ended 28 February 2003.
Pursuant thereto and in compliance with paragraphs 3.72 to 3.75 of the Listings
Requirements of the JSE Securities Exchange South Africa, the following
information is disclosed:
Name of director: MM di Nicola
Date of transaction: 19 May 2003
Number of shares: 5 000 000 (direct) - previously unlisted
now listed
4 361 925
Class of securities: Ordinary shares
Nature of transaction: Buy
Extent of change in director"s
interest: Direct (1.73%)
Name of director: C van Zeil
Date of transaction: 19 May 2003
Number of shares: 21 250 000 (direct) - unlisted
Class of securities: Ordinary shares
Nature of transaction: Cancelled
Extent of change in director"s
interest: Direct (8.43%)
Johannesburg
19 May 2003
Company Secretary
Arcay Client Support (Pty) Ltd
(Registration number 1998/025284/07)
Date: 19/05/2003 03:59:41 PM Supplied by www.sharenet.co.za
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