Not logged in
  Home   Markets   Shares   Funds   Portfolio   Toolbox   Charting   Alerts   Directory   
 Admin   

Mon 21 Aug 2006, 12:15 DataPro - Dealings in securities by a director
DTP
 DTP                                                                             
DataPro - Dealings in securities by a director                                  
Datapro Group Limited                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/016433/06)                                            
("DataPro" or "the company")                                                    
JSE Code: DTP       ISIN Code: ZAE000058061                                     
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the  
JSE Limited ("JSE"), the following information is disclosed:                    
Name of director:                     DG Reed                                   
Date of transaction                   21 August 2006                            
Number of contracts:                  157 672 contracts                         
                                      representing 15 767 200                   
                                      shares                                    
Class of securities:                  Single stock future                       
Nature of transaction:                Purchase                                  
Contract price per future             78c                                       
Nature of director"s interest         Indirect                                  
Extent of percentage increase in      3.26%                                     
director"s interest:                                                            
Value of transaction                  R12 298 416.00                            
Expiry date of contract               21 December 2006                          
Security for the transaction                                                    
Boerbean Trust, the family trust of the director, has pledged 15 767 200 shares 
as security for a loan in order to facilitate the above contract. The Boerbean  
Trust remains the registered holder of the shares.                              
Rationale for the transaction                                                   
In line with the director"s positive view on the outlook of the company, the    
director has entered into the above transaction, which will provide him with    
additional funds and position him to purchase additional shares in DataPro in   
the future.                                                                     
Clearance to deal was obtained in accordance with paragraph 3.66 of the Listings
Requirements of the JSE.                                                        
In accordance with AltX Listings Requirements, shareholders are advised of the  
risks of investing in a company listed on AltX and are advised that the JSE does
not guarantee the viability or the success of a company listed on AltX.  In     
terms of JSE Listings Requirements a Designated Adviser has to be retained by   
the company.  The Designated Adviser is required to, inter alia, attend all     
board meetings held by the company to ensure that all JSE Listings Requirements 
and applicable regulations are complied with, approve the financial director of 
the company and guide the company in a competent, professional and impartial    
manner.  If the company fails to retain a Designated Adviser it must make       
arrangements to appoint a new Designated Adviser within 10 business days,       
failing which the company faces suspension of trading of its securities.  If a  
Designated Adviser is not appointed within 30 days of its suspension the company
faces the termination of its listing without an offer to minorities.            
Johannesburg                                                                    
21 August 2006                                                                  
Designated Advisor                                                              
Arcay Corporate Services                                                        
Date: 21/08/2006 12:15:08 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
Other Profile Group sites: FundsData Online (unit trust data)  |  Profile Group corporate site
[  Terms of Use |  Privacy Policy |  PAIA manual |  FAQs/Help |  Site Map |  © Copyright Reserved 2026  ]
  


Powered by ProfileData

Profile Mobile App Google Play Store Apple App Store


Follow us on: