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PPE
PPE
Purple Capital Limited - Director"s Dealings, Appointment Of Directors And New
Investors
Purple Capital Limited
(formerly AVASA Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000071411
("Purple Capital" or "the company")
DIRECTOR"S DEALINGS, APPOINTMENT OF DIRECTORS AND NEW INVESTORS
In order to accommodate investments in Purple Capital by strategic investors,
several shareholders (including a non-executive director of Purple Capital,
Julian Treger), who were involved with the company while it was operating as
Avasa Holdings Limited, have agreed to sell some or all of their shares.
Amongst the new investors is Dennis Alter, Chairman and major shareholder of
Advanta Corporation, a speciality finance company headquartered in Spring House,
Pennsylvania, USA. Advanta is one of the largest issuers of business credit
cards in the United States with managed receivables in excess of $3.8 billion
and a market capitalisation of $880 million. Dennis Alter has agreed to join
the board of directors of Purple Capital as a non-executive director with
immediate effect.
Mark Barnes has also increased his investment in the company"s ordinary share
capital to 31.0% whilst Julian Treger"s shareholding has reduced to 3.2% of the
ordinary shares. Julian Treger will continue to serve as a non-executive
director of the company.
Ronnie Lubner, Chairman of the PG Group in South Africa and Chairman of the
international Belron Group has also agreed to join the board of Purple Capital
as a non-executive director with immediate effect.
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the
JSE Limited, the following information is disclosed:
Name of director: Mark Barnes
Date of transaction: 2 February 2006
Price per share: 100 cents
Number of shares: 4 500 000
Total value: R4 500 000.00
Class of securities: Ordinary shares of 1 cent each
Nature of transaction: Purchase
Extent of interest: Direct beneficial
Clearance was given
Name of director: Julian Treger
Date of transaction: 2 February 2006
Price per share: 100 cents
Number of shares: 12 000 000
Total value: R12 000 000.00
Class of securities: Ordinary shares of 1 cent each
Nature of transaction: Sale
Extent of interest: Indirect beneficial
Clearance was given
Johannesburg
2 February 2006
Sponsor: Bridge Capital Services (Pty) Limited
Date: 02/02/2006 05:57:31 PM Produced by the JSE SENS Department
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