ANGLOVAAL INDUSTRIES LIMITED - DIRECTOR"S DEALINGS IN AVI SHARES
ANGLOVAAL INDUSTRIES LIMITED
("AVI")
(Registration number. 1944/017201/06)
Share Code: AVI
ISIN: ZAE000030102
DIRECTOR"S DEALINGS IN AVI SHARES
In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange South Africa ("the JSE"), the following information is
disclosed:
Director: Mr AWB Band
Date of transaction: 28 October 2003
Price per unit: 500,000 shares at R2.40
79,690 shares at R10.80
Number of shares: 579,690 ordinary shares of 5 cents each
Aggregate consideration: R2,060,652
Nature of transaction: Purchase
Extent of interest: Directly beneficial
Delivery of, and payment for the shares has been completed in terms of The
Anglovaal Industries Limited Share Incentive Scheme.
Director: Mr AWB Band
Date of transaction: 28 October 2003
Price per unit: R17.00
Number of shares: 675,000 ordinary shares of 5 cents each
Aggregate consideration: R11,475,000
Nature of transaction: Sale
Extent of interest: Directly beneficial
After the above transactions Mr Band will retain a beneficial interest of
906,420 ordinary shares of 5 cents each in AVI.
Clearance to deal in these shares was obtained in accordance with AVI"s policy
with regard to directors" dealings as well as the Listings Requirements of the
JSE.
The reason for the sale was to fund the purchase of the shares referred to above
and for portfolio management purposes.
Chislehurston
Sandton
29 October 2003
Sponsor:
Standard Corporate and Merchant Bank
A Division of The Standard Bank of South Africa Limited
(Registration number 1962/000738/06)
Date: 29/10/2003 04:16:03 PM Supplied by www.sharenet.co.za
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