JOHNNIC COMMUNICATIONS LIMITED - DEALING IN SECURITIES BY A DIRECTOR
Johnnic Communications Limited
Registered in the Republic of South Africa
(Registration number 1889/000352/06)
Share code: JCM ISIN: ZAE000024584
(`Johncom`)
DEALING IN SECURITIES BY A DIRECTOR
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE
Securities Exchange South Africa, the following information, relating to the
dealing in securities by a director, is disclosed:
Executive director Neil Jacobsohn
Company of which a director Johncom
Transaction date 25 November 2004
Class of securities Ordinary shares
Number of securities 5 000
Strike Price R90 per share
Value of transaction R450 000
Extent of interest Direct beneficial
Clearance to deal obtained Yes
Nature of transaction In terms of an agreement between the
participants of the Johncom Share Incentive
Scheme, directors are permitted, upon the
vesting of an option, to elect to relinquish
their rights to such share options in favour
of a cash equivalent, being the difference
between the strike price and the ruling
market price on the preceding date of such
election (`the bonus equivalent`). Mr
Jacobsohn has elected the bonus equivalent on
25 November 2004 at a current ruling market
price of R235,11.
Johannesburg
30 November 2004
Sponsor
Nedbank Capital
Date: 30/11/2004 12:06:17 PM
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