Paracon Holdings Limited - Announcement
Paracon Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1997/008181/06
ISIN: ZAE000025540
Share code: PCN
("Paracon")
*Implementation of BEE transaction;
*Appointment of director; and
*Directors" dealings in shares
Further to the announcement published on 2 June 2003, shareholders of Paracon
are advised that all conditions relating to the acquisition by WDB Investment
Holdings (Proprietary) Limited ("WDB") of 25% of the issued share capital of
Paracon have been met and the transaction was implemented on Friday 20 June
2003.
Paracon is pleased to announce the appointment of Sonja Sebotsa as a non-
executive director representing WDB on the board of directors of Paracon with
effect from 20 June 2003.
As a result of the implementation of the transaction as detailed in the
announcement published on 2 June 2003 and in compliance with rule 3.72 of the
JSE Listing Requirements, the following disposals of shares by executive
directors to WDB have been implemented. All dealings were effected at 48 cents
per share:
Executive director : Mark Jurgens
Number of shares sold : 15 403 470
Extent of interest : Indirect beneficial
Executive director : Ronald Wasley
Number of shares sold : 5 130 808
Extent of interest : Indirect beneficial
Executive director : Graham Bentley
Number of shares sold : 7 419 623
Extent of interest : Indirect beneficial
Investment Bank and Sponsor
Nedbank Corporate
Johannesburg
23 June 2003
Date: 23/06/2003 10:28:21 AM Supplied by www.sharenet.co.za
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