Edcon - Dealing In Shares By A Director
EDGARS CONSOLIDATED STORES LIMITED
`Edcon`
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
ISIN Code: ZAE000018388
Share Code: ECO
DEALING IN SHARES BY A DIRECTOR
In compliance with Section 3.63 of the Listings Requirements of the JSE
Securities Exchange South Africa (`the Listings Requirements`) we hereby advise
that Dr Urin Ferndale, Executive Director and Group Human Resources Director of
Edcon has purchased and sold 3 000 Edcon Ordinary Shares over which he had
options issued to him on 5 November 1999. The details of these transactions are
set out below :
A. Nature of Transaction : Purchase pursuant to the exercise of options
Transaction Date : 6 December 2004
Number of shares : 3 000
Class of security : Ordinary shares of 10 cents each
Price per share : 6300 cents
Total Value : R189 000.00
Option Strike Price : 6300 cents per share
Option Strike Date : 5 November 2001
Vesting Periods : 30% after three years from the option strike date,
a further 30% after four years from the option strike date and the balance in
the fifth year from the option strike date, provided all options are purchased
by no later than 10 years after the option strike date
Nature of Interest : Directly beneficial
B. Nature of Transaction : Sale on the open market
Transaction Date : 6 December 2004
Number of shares : 3 000
Class of security : Ordinary shares of 10 cents each
Average price per share : 27972 cents
Total Value : R839 174.94
Option Strike Price : 6300 cents per share
Option Strike Date : 5 November 2001
Vesting Periods : 30% after three years from the option strike date,
a further 30% after four years from the option strike date and the balance in
the fifth year from the option strike date, provided all options are purchased
by no later than 10 years after the option strike date
Nature of Interest : Directly beneficial
In terms of Section 3.66 of the Listings Requirements prior clearance for Dr
Ferndale to deal in the above securities has been obtained from Mr W S
MacFarlane, non-executive Chairman of the Board of Directors of Edgars
Consolidated Stores Limited.
Johannesburg
7 December 2004
Sponsor
Cazenove
Date: 07/12/2004 05:06:20 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
