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SAN
SAN
SAN - Sanyati - Placement of directors` shares with institutional investors
SANYATI HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/002538/06)
JSE Share code: SAN & ISIN: ZAE000081055
("Sanyati" or the Company)
PLACEMENT OF DIRECTORS` SHARES WITH INSTITUTIONAL INVESTORS
Major shareholders of Sanyati have sold 15 million shares at R1.90 per share to
four funds managed by Investec Securities through a Share Block Placement. The
sale of shares is inline with the company`s objective to expand its
institutional shareholding base. The placement will also increase the free float
of Sanyati shares with a resulting improvement in liquidity.
In compliance with rule of 3.63 to 3.65 of the JSE Listing Requirements, the
following should be noted in terms of directors offering their shares in the
above-mentioned Share Block Placement:
Name of director: Rick Jackson
Date of transaction: 13 December 2006
Nature of transaction: Sale
Price: 190 cps
Number of shares: 6 555 000
Total amount: R 12 454 500-00
Class of security: Ordinary Shares
Nature of interest: Indirect Beneficial
Clearance obtained: Yes
Name of director: Khisore Ramkissoon
Date of transaction: 13 December 2006
Nature of transaction: Sale
Price: 190 cps
Number of shares: 2 285 000
Total amount: R 4 341 500-00
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: Moses Sangweni
Date of transaction: 13 December 2006
Nature of transaction: Sale
Price: 190 cps
Number of shares: 1 580 000
Total amount: R 3 002 000-00
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: Marc Krouse
Date of transaction: 13 December 2006
Nature of transaction: Purchase
Price: 189 cps
Number of shares: 15 000
Total amount: R 28 350-00
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
14 December 2006
Johannesburg
Designated Advisor:
Exchange Sponsors (Pty) Ltd
Warning Statement:
Investors are warned that investing in companies listed on ALTx is speculative
in nature and the JSE does not guarantee the viability or success of the
Company. In accordance with ALTx`s Listing Requirements, the Company is
required to appoint a Designated Advisor whose responsibility it will be to
guide and assist the Company in complying with and discharging its
responsibilities under the Listing Requirements. If the Company fails to retain
a Designated Advisor, it faces possible suspension and the subsequent
termination of its listing without the prospect of an appropriate offer being
made to shareholders.
Date: 14/12/2006 13:50:02 Produced by the JSE SENS Department.
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