SUM
SUM
Spectrum - Dealing In Securities By A Director Of The Company
SPECTRUM SHIPPING LIMITED
(Incorporated in the Republic of South Africa)
(Registration No.: 1998/018118/06)
Share code: SUM & ISIN: ZAE000037446
("Spectrum" or "the company")
DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY
In terms of paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE
Limited, South Africa, shareholders are advised that the following information
relating to share dealings by a director is accordingly disclosed:
Director of subsidiary: C Simpson
Name of Company: Spectrum Shipping Limited
Date: 17 November, 2006
Price: R326 081.25
Amount: 15.75 cents (average)
Number of shares: 2 000 000
Class: Ordinary shares
Nature: Sale
Extent of Director"s Interest: Indirect non-beneficial
Clearance to deal in securities has been obtained in terms of rule 3.66 of the
JSE Listings Requirements.
Pretoria
21 November, 2006
Designated Advisor
River Group
Warning: The listing of ordinary shares in the company is 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 arrangements 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: 21/11/2006 08:46:12 AM Produced by the JSE SENS Department
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