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Johncom - Dealing in securities by directors
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 DIRECTORS
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 directors, is disclosed:
Executive director Prakash Desai
Company of which a director Johncom
Transaction date 30 November 2004
Class of securities Ordinary shares
Number of securities 15 000
Strike Price R135 per share
These shares were allocated prior to the MTN
Group Ltd unbundling. Therefore, they
qualify for 5,3 MTN shares and 1.0 Johncom
share at the allocation price.
Value of transaction R2 025 000
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 Desai
has elected the bonus equivalent on 30
November 2004 at a current ruling market
price of R41,15 for MTN and R28.00 for
Johncom.
Executive director Connie Molusi
Company of which a director Johncom
Transaction date 29 November 2004
Class of securities Ordinary shares
Number of securities 32 600
Strike Price R90 per share for 12 600
R11.90 for 20 000
The R90 shares were allocated prior to the
MTN Group Ltd unbundling. Therefore, they
qualify for 5,3 MTN shares and 1.0 Johncom
share at the allocation price.
Value of transaction R1 372 000
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 Molusi
has elected the bonus equivalent on 29
November 2004 at a current ruling market
price of R41,00 for MTN and R30.00 for
Johncom.
Johannesburg
2 December 2004
Sponsor
Nedbank Capital
Date: 02/12/2004 10:39:03 AM
Produced by the JSE SENS Department
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