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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)
ISIN Code : ZAE000068649
Share Codes
JSE : ECO
NSX : ECN
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 Dr U Ferndale, Executive Director of Edcon, has purchased 255 000 and
sold 55 000 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 : 7 December 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 255 000
Price per share : 399 cents
Value of Transaction : R1 017 450.00
Nature of interest : Directly beneficial
Option Strike Price : 399 cents per share
Option Strike Date : 19 August 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 : 7 December 2005
Class of Shares : Ordinary shares of 1 cent each
Number of Shares : 55 000
Average Price per
Share : 3230 cents
Value of Transaction : R1 774 811.52
Nature of interest : Directly beneficial
In terms of section 3.66 of the Listings Requirements prior clearance for Dr
Ferndale 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
8 December 2005
Sponsor :
Merrill Lynch South Africa (Pty) Ltd
Namibian Sponsor :
Irwin Jacobs Greene (Pty) Limited
Date: 08/12/2005 12:38:29 PM Produced by the JSE SENS Department
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