BCX - Exercise of options and subsequent sale of s
BCX - Exercise of options and subsequent sale of securities by a director
BUSINESS CONNEXION GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX & ISIN: ZAE000054631
("BCX")
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Mr. P A Watt
Company : Business Connexion Group Limited
Date of transaction : 7 November 2005
Nature of transaction : Exercise of options
Class of securities : Options in respect of ordinary shares
Number of options exercised : 404 066
Option strike price : R6.05
Total value of transaction : R2 444 599.30 (the option strike price of
R6.05 has been reduced by R6.50 as a result
of special dividends paid and the
restructuring of the group in 2004, resulting
in a negative strike price of R0.45)
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 7 November 2005
Nature of transaction : Sale of securities
Number of securities : 74 066 @ R6.00
171 912 @ R5.95
112 024 @ R5.98
46 064 @ R6.00
Total value of transaction : R2 413 559.92
Class of securities : Ordinary shares
Nature and extent of
director"s interest : Direct beneficial
Clearance obtained : Yes
Sandton
9 November 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09/11/2005 09:01:04 AM Produced by the JSE SENS Department
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