Rmb Holdings Limited - Sale And Subsequent Purchase Of Shares
Rmb Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/005115/06)
Share code: RMH
ISIN: ZAE000024501
(`RMBH`)
SALE AND SUBSEQUENT PURCHASE OF SHARES
In compliance with the JSE Listings Requirements, the following information is
disclosed:
Director : Mr. L Dippenaar
Company : RMBH
Class of securities : Ordinary shares
Nature of transaction : Sale
Number of securities : 74 446
Date of transaction : 14 April 2005
Selling price : R20.94
Total value of transaction : R1 558 899.24
Nature and extent of
director`s interest : Indirect Beneficial
Clearance received : Yes
The proceeds were used firstly to redeem a preference share liability, which was
issued during 1997 to raise funding to acquire RMBH shares in terms of a
Momentum management share incentive scheme, which has now reached maturity.
The balance of the proceeds attributable to Mr. L Dippenaar amounted to a net
profit of R261 013,03 and has been applied towards a purchase of RMBH shares to
maintain his indirect beneficial holding, as set out below. The balance payable
in terms of the purchase was funded by Mr. L Dippenaar.
Director : Mr. L Dippenaar
Company : RMBH
Class of securities : Ordinary shares
Nature of transaction : Purchase
Number of securities : 74 446
Date of transaction : 14 April 2005
Selling price : R20.94
Total value of transaction : R1 558 899.24
Nature and extent of
director`s interest : Indirect Beneficial
Clearance received : Yes
Sandton
18 April 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
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