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EDGARS CONSOLIDATED STORES LIMITED - DEALING IN SECURITIES 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 SECURITIES BY A DIRECTOR
In compliance with paragraph 3.63 of the Listings Requirements of the JSE
Securities Exchange South Africa (`the Listings Requirements`) we hereby advise
that for financial planning and consolidation purposes Mr S.M. Ross, Executive
Director and Chief Executive Officer of Edcon, has purchased 350 000 Edcon
shares over which options had been issued to him, and has sold 250 000 of such
shares, details of which transactions are set out below :
A. Nature of Transaction : Purchase pursuant to the exercise of options
Transaction Date : 29 September 2004
Number of shares : 100 000
Class of security : Ordinary shares of 10 cents each
Price per share : 2180 cents
Total Value : R2 180 000.00
Option Strike Price : 2180 cents per share
Option Strike Date : 20 November 2000
Vesting Period : 100% on option strike date
Nature of Interest : Directly beneficial
B. Nature of Transaction : Purchase pursuant to the exercise of options
Transaction Date : 29 September 2004
Number of shares : 250 000
Class of security : Ordinary shares of 10 cents each
Price per share : 2600 cents
Total Value : R6 500 000.00
Option Strike Price : 2600 cents per share
Option Strike Date : 20 November 2001
Vesting Periods : 80 000 on or after 30 September 2002,
80 000 on or after 30 September 2003 and
90 000 on or after 1 September 2004
Nature of Interest : Directly beneficial
C. Nature of Transaction : Sale on the open market
Transaction Date : 29 September 2004
Number of shares : 250 000
Class of security : Ordinary shares of 10 cents each
Average price per share : 18948 cents
Total Value : R47 370 000.00
Option Strike Price : 2600 cents per share
Option Strike Date : 20 November 2001
Vesting Periods : 80 000 on or after 30 September 2002,
80 000 on or after 30 September 2003 and
90 000 on or after 1 September 2004
Nature of Interest : Directly beneficial
These transactions constitute approximately 53.85% of Mr Ross` remaining option
entitlement, and now bring Mr Ross` personal holding of Edcon shares to a total
of 200 000.
In terms of paragraph 3.66 of the Listings Requirements prior clearance to deal
in the above securities has been obtained from Mr W S MacFarlane, Chairman of
the Board of Edcon.
Johannesburg
30 September 2004
Sponsor
Cazenove
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