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Edgars Consolidated Stores Limited - Dealing In Securities By A Director
EDGARS CONSOLIDATED STORES LIMITED
`Edcon`
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
Share Code : ECO ISIN Code : ZAE000018388
DEALING IN SECURITIES BY A DIRECTOR
In compliance with paragraph 3.63 of the Listings Requirements of the JSE
Securities Exchange South Africa (`the Listings Requirements`) we hereby advise
that for financial planning purposes Mr J Spotts, Executive Director of Edcon,
has purchased 22 693 Edcon shares over which options had been issued to him and
has sold 1950 of these shares. Details of these transactions are set out below:
A. Nature of Transaction : Purchase pursuant to the exercise of options
Transaction Date : 17 March 2005
Number of shares : 15 000
Class of security : Ordinary shares of 10 cents each
Price per share : 2400 cents
Total Value : R360 000.00
Option Strike Price : 2400 cents per share
Option Strike Date : 14 February 2002
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 : Purchase pursuant to the exercise of options
Transaction Date : 17 March 2005
Number of shares : 7 693
Class of security : Ordinary shares of 10 cents each
Price per share : 2180 cents
Total Value : R167 707.40
Option Strike Price : 2180 cents per share
Option Strike Date : 20 November 2000
Vesting Periods : 30% after 1 June 2003, a further 30% after 1 June
2004 and the balance after 1 June 2005, provided
all options are purchased by no later than 10
years after the option strike date.
Nature of Interest : Directly beneficial
C. Nature of Transaction : Sale on the open market
Transaction Date : 17 March 2005
Number of shares : 1950
Class of security : Ordinary shares of 10 cents each
Average price per share : 27473 cents
Total Value : R535 723.27
Nature of Interest : Directly beneficial
In terms of paragraph 3.66 of the Listings Requirements prior clearance to deal
in the above securities has been obtained from Mr W S MacFarlane, Chairman of
the Board of Edcon.
18 March 2005
Sponsor
JP Morgan Equities Limited
Date: 18/03/2005 11:03:36 AM
Produced by the JSE SENS Department
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