ERM - Dealings in Securities by a Director and Cha
ERM
ERM
ERM - Dealings in Securities by a Director and Changes to the Board
Enterprise Risk Management Limited
Incorporated in the Republic of South Africa
(Registration number: 1995/001603/06)
Share code: ERM & ISIN: ZAE000037701
("ERM")
DEALINGS IN SECURITIES BY A DIRECTOR AND CHANGES TO THE BOARD
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited ("JSE"), the following is disclosed:
Name of director: Steven Slom
Date of transaction: 18 May 2006
Number of shares: 1 786 969
Price: 165 cents per share
Total value: R2 948 499
Class of securities: Ordinary shares
Nature of transaction: Sale of shares
Extent of director"s interest: Indirect beneficial
Clearance to deal obtained: Yes
The sale of the above shares has arisen as a result of the acquisition by
Telematic Frontiers International Corporation ("TFIC"), a company based in
Vaduz, Liechtenstein, of a 32,3% interest in the issued share capital of ERM,
previously held by an entity through which Steven Slom held his shares ("the
acquisition").
Pursuant to the acquisition and in compliance with paragraph 3.59 of the
Listings Requirements of the JSE, the board of directors of ERM hereby notifies
its shareholders of the following changes which are effective immediately:
Harold Joffe has resigned as acting chief executive officer and is replaced by
Mark Stein as chief executive officer; and
Steven Slom has resigned as chairman and is replaced by Dani Golan who is
currently a non-executive director.
Mark Stein is currently the managing director of Rotaflex Investments
(Proprietary) Limited, a property owning and development company, which is
controlled by TFIC.
Johannesburg
18 May 2006
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 18/05/2006 05:55:03 PM Produced by the JSE SENS Department
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