JIGSAW HOLDINGS LIMITED - DIRECTOR DEALING IN SHARES
Jigsaw Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1987/000111/06)
("Jigsaw" or "the company")
JSE CODE: JGS
ISIN CODE: ZAE000018370
DIRECTOR DEALINGS IN SHARES
In compliance with the rules 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed:
Chief Executive Officer: Neville McIntyre
Number of shares: 2 972 500
Price per share: 40 cents
Date of transaction: 28 April 2004
Class of shares: Ordinary
Nature of transaction: see further details below
Nature of interest: Indirect beneficial
Approval: Approval obtained from two non-executive directors
of the Jigsaw board
Further Details: In terms of an agreement reached between The
McIntyre Family Trust and Absa Bank Limited
("Absa") during December 2003, The McIntyre Family
Trust would acquire 2 972 500 ordinary Jigsaw
shares at 40 cents per share and 2 327 500
ordinary Revesco Holdings (Pty) Ltd ("Revesco")
shares at 40 cents per share from Absa, subject to
certain conditions being met including The
McIntyre Family Trust raising the necessary
funding. Revesco is an investment holding company
holding Jigsaw shares.
The conditions have now been met and the transaction became effective on
26 April 2004. The result of these and other transactions resulting involving
the restructuring of the Revesco shareholding is that the McIntyre Family Trust
will hold approximately 86% of the shares in Revesco. Revesco in turn will hold
15 180 942 shares in Jigsaw.
Neville McIntyre, the Chief Executive Officer of Jigsaw, is a trustee and
beneficiary of The McIntyre Family Trust.
Sponsors:
Exchange Sponsors (Pty) Ltd
Date: 28/04/2004 05:01:05 PM Produced by the JSE SENS Department
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