Sovereign Food Investments Limited - Directors" De
Sovereign Food Investments Limited - Directors` Dealings And Placement Of Shares
In Conjunction With The General Issue Of Shares For Cash
SOVEREIGN FOOD INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
Registration Number 1995/003990/06
JSE Code: SOV ISIN: ZAE000009221
(`Sovereign` or `the company`)
DIRECTORS` DEALINGS AND PLACEMENT OF SHARES IN CONJUNCTION WITH THE GENERAL
ISSUE OF SHARES FOR CASH
On 12 August 2005, the company issued 2.9 million Sovereign shares to selected
financial institutions and principals at an issue price of 880 cents per share
(the `issue`). Of the 2.9 million shares issued, 1.9 million shares were placed
with new shareholders.
Pursuant to the issue, the directors have sold 1 763 270 shares at a price of
880 cents per share to selected institutional shareholders to satisfy their
demand and to ensure that these institutional investors do not dilute their
shareholding (`the placement`), which would have occurred as a result of the
issue.
In compliance with section 3.63 to 3.74 of the Listings Requirements of the JSE
Limited, the company gives notice of the following dealings by directors in
Sovereign securities undertaken to give effect to the placement.
Name of director: R B Spanjaard
Date of transaction: 12 August 2005
Price per share: 880 cents
Number of shares: 344 631
Total value: R3 032 752.80
Class of securities: Ordinary
Nature of transaction: Sale
Interest: Indirect beneficial
Name of director: R B Spanjaard
Date of transaction: 12 August 2005
Price per share: 880 cents
Number of shares: 704 030
Total value: R6 195 464.00
Class of securities: Ordinary
Nature of transaction: Sale
Interest: Indirect non beneficial
Name of director: B A Spanjaard
Date of transaction: 12 August 2005
Price per share: 880 cents
Number of shares: 90 349
Total value: R795 071.20
Class of securities: Ordinary
Nature of transaction: Sale
Interest: Indirect beneficial
Name of director: B A Spanjaard
Date of transaction: 12 August 2005
Price per share: 880 cents
Number of shares: 273 364
Total value: R2 405 603.20
Class of securities: Ordinary
Nature of transaction: Sale
Interest: Indirect non beneficial
Name of director: A H Vardy
Date of transaction: 12 August 2005
Price per share: 880 cents
Number of shares: 109 623
Total value: R964 682.40
Class of securities: Ordinary
Nature of transaction: Sale
Interest: Indirect beneficial
Name of director: C Coombes
Date of transaction: 12 August 2005
Price per share: 880 cents
Number of shares: 53 416
Total value: R470 060.80
Class of securities: Ordinary
Nature of transaction: Sale
Interest: Indirect beneficial
Name of director: M J B Davis
Date of transaction: 12 August 2005
Price per share: 880 cents
Number of shares: 187 857
Total value: R1 653 141.60
Class of securities: Ordinary
Nature of transaction: Sale
Interest: Indirect beneficial
In line with principles of corporate governance adopted by Sovereign and in
terms of section 3.66 of the JSE Listings Requirements, prior clearance to
effect the placement was obtained from the board of the company.
Port Elizabeth
15 August 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Date: 15/08/2005 02:35:49 PM
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