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Edcon - Dealing In Securities By A Director
Edgars Consolidated Stores Limited
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
ISIN Code: ZAE000068649
Share Codes
JSE: ECO
NSX: ECN
("Edcon")
DEALING IN SECURITIES BY A DIRECTOR
In compliance with section 3.63 of the Listings Requirements of JSE Limited
("the Listings Requirements") we hereby advise that for financial planning
purposes Mr J L Spotts, Executive Director of Edcon, has purchased 251 870 and
sold 38 053 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 : 1 December 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 51 290
Price per share : 218 cents
Value of Transaction : R111 812.20
Nature of interest : Directly beneficial
Option Strike Price : 218 cents per share
Option Strike Date : 20 November 2000
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: Purchase pursuant to the exercise of options
Transaction Date : 1 December 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 49 570
Price per share : 310 cents
Value of Transaction : R153 667.00
Nature of interest : Directly beneficial
Option Strike Price : 310 cents per share
Option Strike Date : 20 May 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.
C. Nature of Transaction: Purchase pursuant to the exercise of options
Transaction Date : 1 December 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 151 010
Price per share : 580 cents
Value of Transaction : R875 858.00
Nature of interest : Directly beneficial
Option Strike Price : 580 cents per share
Option Strike Date : 21 May 2003
Vesting Periods : One third two years after the option strike date, a
further one-third three years after the option strike
date and the balance four years after the option
strike date, provided all options are purchased by no
later than 10 years after the option strike date.
D. Nature of Transaction: Sale on the open market
Transaction Date : 1 December 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 38 053
Average Price per
Share : 3070 cents
Value of Transaction : R1 167 095.43
Nature of interest : Directly beneficial
In terms of section 3.66 of the Listings Requirements prior clearance for Mr
Spotts to deal in the above securities has been obtained from Mr W S MacFarlane,
non-executive Chairman of the Board of Directors of Edcon.
Johannesburg
2 December 2005
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
Namibian Sponsor:
Irwin Jacobs Greene (Pty) Limited
Date: 02/12/2005 12:18:07 PM Produced by the JSE SENS Department
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