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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 5 000 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 : 10 December 2004
Number of shares : 5 000
Class of security : Ordinary shares of 10 cents
each
Price per share : 6300 cents
Total Value : R315 000.00
Option Strike Price : 6300 cents per share
Option Strike Date : 5 November 1999
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 : 10 December 2004
Number of shares : 5 000
Class of security : Ordinary shares of 10 cents
each
Average price per share : 27973 cents
Total Value : R1 398 649.80
Option Strike Price : 6300 cents per share
Option Strike Date : 5 November 1999
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
10 December 2004
Date: 13/12/2004 09:04:16 AM
Produced by the JSE SENS Department
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