Edcon - dealing in securities by a director
EDGARS CONSOLIDATED STORES LIMITED
"Edcon"
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
ISIN Code: ZAE000068649
Share Code: ECO
DEALING IN SECURITIES BY A DIRECTOR
In compliance with section 3.63 of the Listings Requirements of the JSE Limited
("the Listings Requirements") we hereby advise that for financial planning
purposes Mr. S R Binnie, Group Financial Director of Edcon, has purchased and
sold 150 000 Edcon shares over which options had been issued to him. The
details of these transactions are as follows:
A. Nature of Transaction: Purchase pursuant to the exercise
of options
Transaction Date : 30 September 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 150 000
Price per share : 382 cents
Value of Transaction : R573 000.00
Nature of interest : Directly beneficial
Option Strike Price : 382 cents per share
Option Strike Date : 30 September 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 after
five years from the option strike date, provided all options are purchased by no
later than 10 years after the option strike date.
B. Nature of Transaction: Sale on the open market
Transaction Date : 30 September 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 150 000
Average Price per
Share : 3181 cents
Value of Transaction : R4 771 410.00
Nature of interest : Directly beneficial
In terms of Section 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,
non-executive Chairman of the Board of Directors of Edgars Consolidated Stores
Limited.
Johannesburg
3 October 2005
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Namibian Sponsor
Irwin Jacobs Greene (Pty) Limited
Date: 03/10/2005 11:06:04 AM Produced by the JSE SENS Department
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