GLENRAND M.I.B LIMITED - DEALING IN SECURITIES BY DIRECTORS
Glenrand M.I.B Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share Code: GMB ISIN: ZAE000018529
(`Glenrand M.I.B`)
DEALING IN SECURITIES BY DIRECTORS
In compliance with rule 3.63 to 3.74 of the JSE Securities Exchange South Africa
Listing Requirements, the following information relating to the dealing in
securities by two directors is disclosed.
The dealings occurred as a result of Glenrand M.I.B shares being acquired
through a company Aconcagua 7 Investments (Proprietary) Limited (`Aconcagua`) in
which Messrs von Roretz and Mansfield are shareholders. Aconcagua was formed by
certain Glenrand M.I.B employees in their personal capacity, for the purpose of
acquiring Glenrand M.I.B shares. In terms of a shareholders` agreement governing
Aconcagua shareholders, upon resignation from Glenrand M.I.B, a shareholder
would be obliged to exit their shareholding in Aconcagua. The off market
acquisitions therefore occurred upon the resignation of an employee of Glenrand
M.I.B who was also a shareholder in Aconcagua.
Name: Mr E S G von Roretz
Designation: Chief Operating Officer of Glenrand M.I.B
Date of transaction: 29 December 2004
Nature of transaction: Off the market acquisition
Purchase price: R3,31
Number of shares: 21 430 ordinary shares
Total value: R70 933
Nature and extent of interest: Indirect beneficial
Name: Mr A W Mansfield
Designation: Chairman of Glenrand M.I.B
Date of transaction: 29 December 2004
Nature of transaction: Off the market acquisition
Purchase price: R3,31
Number of shares: 21 430 ordinary shares
Total value: R70 933
Nature and extent of interest: Indirect beneficial
Johannesburg
29 December 2004
Sponsor
Nedbank Capital
Date: 29/12/2004 03:17:27 PM
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