SUM
SUM
Spectrum Shipping Limited - Dealing in securities by director of listed company
Spectrum Shipping Limited
Registration number: 1998/018118/06
Share code: SUM
ISIN: ZAE000037446
DEALING IN SECURITIES BY DIRECTOR OF LISTED COMPANY
In terms of paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE
Limited shareholders are advised that the following information relating to
share dealings by companies associated to the designated advisor is accordingly
disclosed:
Director: G Gerber
Name of company: Spectrum Shipping Limited
Date: 17 October 2006
Price: 18 cents per share
Amount: R2 500 000,02
Number of shares: 13 888 889
Class: Ordinary shares
Nature: Purchase
Extent of Director"s Interest: Indirect and non-beneficial
Clearance in terms of 3.66 of the JSE Listings Requirements has been obtained.
Pretoria
18 October 2006
Designated Advisor
River Group
Warning: The listing of ordinary shares in the company is on the AltX.
Shareholders are advised of the risks of investing in a company listed on the
AltX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the AltX. In terms of the JSE Listings
Requirements a Designated Advisor has to be retained by the company. The
Designated Advisor 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 Advisor it must make arrangement to appoint
a new Designated Advisor within 10 business days, failing which the company
faces suspension of trading of its securities. If a Designated Advisor is not
appointed within 30 days of its suspension the company faces the termination of
its listing without an offer to minority shareholders.
Date: 18/10/2006 03:02:04 PM Produced by the JSE SENS Department
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