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ACT
ACT
AfroCentric - Directors dealings in securities
AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Formerly WB Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE code: ACT
ISIN: ZAE000078416
("AfroCentric" or "the company")
DIRECTORS DEALINGS IN SECURITIES
Pursuant to the ordinary and redeemable preference shares rights offers, the
results of which were released on SENS today, and in compliance with rules 3.63
to 3.65 of the Listings Requirements of the JSE Limited the following share
transactions are disclosed:
Director Ntombemhlophe Brigalia Bam
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 150 000
Price R1.00
Total amount R150 000
Nature Subscription for rights renounced in terms
of ordinary shares rights offer
Extent of interest Direct beneficial
Clearance received Yes
Director Nonhla Mbali Jacqueline Canca
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 150 000
Price R1.00
Total amount R150 000
Nature Subscription for rights renounced in terms
of ordinary shares rights offer
Extent of interest Direct beneficial
Clearance received Yes
Director Mandla Vulindlela Gantsho
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 250 000
Price R1.00
Total amount R250 000
Nature Subscription for rights renounced in terms
of ordinary shares rights offer
Extent of interest Direct beneficial
Clearance received Yes
Director Brian Joffe
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 3 600 000
Price R1.00
Total amount R3 600 000
Nature Subscription for rights renounced in terms
of ordinary shares rights offer
Extent of interest Indirect non-beneficial
Clearance received Yes
Director Jacob Meyer Kahn
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 1 240 000
Price R1.00
Total amount R1 240 000
Nature Subscription for rights renounced in terms
of ordinary shares rights offer
Extent of interest Direct beneficial
Clearance received Yes
Director Jacob Meyer Kahn
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 2 250
Price R1.00
Total amount R2 250
Nature Acquisition of shares in terms of mandatory
offer to minority shareholders
Extent of interest Direct beneficial
Clearance received Yes
Director Michael Ivan Sacks
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 1 240 000
Price R1.00
Total amount R1 240 000
Nature Subscription for rights renounced in terms
of ordinary shares rights offer
Extent of interest Direct beneficial
Clearance received Yes
Director Michael Ivan Sacks
Class Ordinary shares
Date of Transaction 14 August 2006
No of shares 2 250
Price R1.00
Total amount R2 250
Nature Acquisition of shares in terms of mandatory
offer to minority shareholders
Extent of interest Direct beneficial
Clearance received Yes
Director Derrick Ian Swartz
Class Ordinary shares
Date of Transaction 11 August 2006
No of shares 150 000
Price R1.00
Total amount R150 000
Nature Subscription for rights renounced in terms
of ordinary shares rights offer
Extent of interest Direct beneficial
Clearance received Yes
Director Brian Joffe
Class Redeemable participating preference shares
Date of Transaction 11 August 2006
No of shares 2 548 182
Price R0.91
Total amount R2 318 845
Nature Subscription for rights renounced in terms
of redeemable preference shares rights
offer and underwriting take-up
Extent of interest Indirect non-beneficial
Clearance received Yes
Director Jacob Meyer Kahn
Class Redeemable participating preference shares
Date of Transaction 11 August 2006
No of shares 3 784 981
Price R0.91
Total amount R3 444 332
Nature Subscription for rights in terms of
redeemable preference shares rights offer
and underwriting take-up
Extent of interest Direct beneficial
Clearance received Yes
Director Jacob Meyer Kahn
Class Redeemable participating preference shares
Date of Transaction 11 August 2006
No of shares 1 818 400
Price R0.91
Total amount R1 654 744
Nature Subscription for rights in terms of
redeemable preference shares rights offer
Extent of interest Indirect non-beneficial
Clearance received Yes
Director Michael Ivan Sacks
Class Redeemable participating preference shares
Date of Transaction 11 August 2006
No of shares 3 784 981
Price R0.91
Total amount R3 444 332
Nature Subscription for rights in terms of
redeemable preference shares rights offer
and underwriting take-up
Extent of interest Direct beneficial
Clearance received Yes
Director Michael Ivan Sacks
Class Redeemable participating preference shares
Date of Transaction 11 August 2006
No of shares 1 818 400
Price R0.91
Total amount R1 654 744
Nature Subscription for rights in terms of
redeemable preference shares rights offer
Extent of interest Indirect non-beneficial
Clearance received Yes
Johannesburg
14 August 2006
Corporate Adviser and Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Corporate adviser to AfroCentric
Centric Capital Ventures LLC
Attorneys
HR Levin
Attorneys, notaries and conveyancers
Auditors and Reporting Accountants
SizweNtsaluba
Date: 14/08/2006 04:19:06 PM Produced by the JSE SENS Department
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