EDGARS CONSOLIDATED STORES LIMITED - DEALING IN SHARES BY A DIRECTOR
EDGARS CONSOLIDATED STORES LIMITED
"Edcon"
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
Share Code: ECO
ISIN Code: ZAE000018388
DEALING IN SHARES BY A DIRECTOR
Mr Stephen Ross, Chief Executive Officer, has a direct and beneficial right to
acquire 104 000 Edcon ordinary shares in terms of the Compulsorily Convertible
Debenture Scheme. Conversion of these Debentures into Edcon ordinary shares on
a one-for-one basis ("subscription shares") has to take place on 31 March 2004.
For financial planning purposes Mr Ross sold, on 20 November 2003, to the Edgars
Stores Limited Executive Share Incentive Scheme ("the Trust") the irrevocable
right to 50 000 subscription shares at 11600 cents each. Furthermore from the
proceeds of the sale, Mr Ross exercised the balance of his rights and acquired
54 000 shares at 1780 cents from the Trust.
Edcon will accordingly be transferring the 54 000 ordinary shares of 10 cents
each in Edcon out of the Trust to Mr Ross.
The above transaction constitutes approximately 9.42% of Mr Ross" total
entitlement.
In terms of Section 3.66 of the JSE Listings Requirements prior clearance to
deal in the above securities has been obtained from Mr W S MacFarlane, Chairman
of the Board of Edcon and Mr A J Aaron, Chairman of the Remuneration and
Nominations Committee of Edcon.
Johannesburg
20 November 2003
Sponsor
Cazenove
Date: 21/11/2003 10:00:02 AM Supplied by www.sharenet.co.za
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