Edgars Consolidated Stores Limited - Dealing In Se
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 S R Binnie, Executive Director of
Edcon, has purchased and sold 4 468 Edcon shares over which options had been
issued to him. Details of these transactions are set out below :
A. Nature of Transaction : Purchase pursuant to the exercise of options
Transaction Date : 6 June 2005
Number of shares : 4 468
Class of security : Ordinary shares of 10 cents each
Price per share : 5800 cents
Total Value : R259 144.00
Option Strike Price : 5800 cents per share
Option Strike Date : 21 May 2003
Vesting Periods : one-third after two years from the option strike
date, one-third after three years from the option
strike date and the balance after four years 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 June 2005
Number of shares : 4 468
Class of security : Ordinary shares of 10 cents each
Average price per share : 26974 cents
Total Value : R1 205 198.32
Nature of Interest : Directly beneficial
In terms of paragraph 3.66 of the Listings Requirements prior clearance for Mr
Binnie to deal in the above securities has been obtained from Mr W S MacFarlane,
Chairman of the Board of Edcon.
7 June 2005
Sponsor :
JP Morgan Equities Limited
Namibian Sponsor
Irwin Jacobs Greene (Pty) Limited
Date: 07/06/2005 02:11:26 PM
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