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New Africa Investments Limited - Dealing In Securities By Directors
Release Date: 08/04/2004 17:02:38 Code(s): NAI
New Africa Investments Limited - Dealing In Securities By Directors
(Incorporated in the Republic of South Africa)
(Registration number 1993/002467/06)
Share code: NAI and NAN
ISIN: ZAE000033338 and ZAE0000033346
("NAIL" or "the company")
DEALINGS IN SECURITIES - ACQUISITION OF SHARES
NAIL advises that, in accordance with rules 3.63 to 3.74 of the Listings
Requirements of the JSE Securities Exchange South Africa, it has been informed
of the following acquisition of NAIL shares:
Directors : G Snelgar and G Chadwick
Company : Capricorn Capital Partners Holding Company
(Proprietary) Limited ("Capricorn")
Nature of transaction : Aquisition of shares
Number of shares : 924 179 NAIL "N" ordinary shares and 30 053
NAIL ordinary shares
Acquisition price : R2.73 per share to be settled on 20 April
2004
Date of transaction : 8 April 2004
Total value of Transaction : R 2 605 053
Nature and extent of
directors" interest : G Snelgar has an indirect holding via family
trusts/ companies of 70,0% in Capricorn. The
shares acquired by Capricorn represent an
indirect non-beneficial interest for G
Snelgar. G Chadwick has a 16.7% interest in
Capricorn. The shares acquired by Capricorn
represent an indirect beneficial interest for
G Chadwick.
Clearance : The required clearance per rule 3.66 has been
obtained
Directors : S Macozoma and M Ngoasheng
Company : Safika Holdings (Proprietary) Limited
("Safika")
Nature of transaction : Aquisition of shares
Number of shares : 231 044 NAIL "N" ordinary shares and 7 513
NAIL ordinary shares
Acquisition price : R2.73 per share to be settled on 20 April
2004
Date of transaction : 8 April 2004
Total value of Transaction : R651 261
Nature and extent of
directors" interest : S Macozoma has an indirect holding via family
trusts/ companies of 20,0% in Safika.
M Ngoasheng has an indirect holding via
family trusts/companies of 20.0% in Safika.
The shares acquired by Safika represent an
indirect beneficial interest for S Macozoma
and M Ngoasheng.
Clearance : The required clearance per rule 3.66 has been
obtained
Director : F Titi
Company : Multidirect Investments 180 (Proprietary)
Limited
Nature of transaction : Aquisition of shares
Number of shares : 924 178 NAIL "N" ordinary shares and 30 053
NAIL ordinary shares
Acquisition price : R2.73 per share to be settled on 20 April
2004
Date of transaction : 8 April 2004
Total value of Transaction : R2 605 051
Nature and extent of
director"s interest : Multidirect Investments 180 (Proprietary)
Limited is a wholly owned subsidiary of Tiso
Private Equity Fund 1 en commandite
Partnership, which is managed and controlled
by Tiso Group (Proprietary) Limited, in which
F Titi has an indirect holding of 15% via an
investment holding company.
Clearance : The required clearance per rule 3.66 has been
obtained
Bryanston
8 April 2004
Investment bank Sponsor
Investec Bank Limited Investec Bank Limited
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