Edgars Consolidated Stores Limited - Dealing In Shares By A Director
EDGARS CONSOLIDATED STORES LIMITED
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
Share Code: ECO ISIN Code : ZAE000018388
"Edcon"
DEALING IN SHARES BY A DIRECTOR
In compliance with rule 3.63 to 3.74 of the JSE Listing Requirements, the
following information is disclosed:
Mr Mark Bower, Chief Executive: Group Services, has a family trust which has a
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 Bower sold the irrevocable right to 104 000
subscription shares, on 25 November 2003, to the Edgars Stores Limited Executive
Share Incentive Scheme ("the Trust") at 11900 cents each.
Mr Bower has also purchased 105 000 shares over which he had options issued to
him on 4 August 1998, the final tranche of which vested on 5 August 2003. The
details of this transaction are as follows:
Transaction Date : 25 November 2003
Number of shares : 105 000
Class of security : Ordinary shares of 10 cents each
Average Price per share : 11900 cents
Strike Price : 2950 cents
Extent of Interest : Directly beneficial
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
25 November 2003
Sponsor
Cazenove South Africa (Pty) Limited
Date: 25/11/2003 10:27:03 AM Supplied by www.sharenet.co.za
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