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
Dr Urin Ferndale, Human Resources Director, has a direct and beneficial right to
acquire 24 000 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 Dr Ferndale exercised his rights and acquired
the 24 000 shares, on 10 December 2003, from the Edgars Stores Limited Executive
Share Incentive Scheme ("the Trust") at 2047 cents each.
Dr Ferndale has also purchased 11 000 shares over which he had options issued to
him on 11 March 1999 and which have subsequently vested. The details of this
transaction are as follows:
Transaction Date : 10 December 2003
Number of shares purchased : 11 000
Class of security : Ordinary shares of 10 cents each
Average Price per share : 12430 cents
Average Strike Price : 2900 cents
Extent of Interest : Directly beneficial
In addition, Dr Ferndale has also exercised options for 25 507 shares and sold
the same amount on December 2003. These options were issued to him between 11
March 1999 and 20 November 2000 and have subsequently vested. The details of the
transaction are as follows:
Transaction Date : 10 December 2003
Number of shares sold : 25 507
Class of security : Ordinary shares of 10 cents each
Average Price per share : 12430 cents
Average Strike Price : 4316 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
11 October 2003
Sponsor
Cazenove South Africa (Pty) Ltd
Date: 11/12/2003 09:37:03 AM Supplied by www.sharenet.co.za
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