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SIM
SIIF
Simmer And Jack Mines Limited - Director`s Dealing In Securities
SIMMER AND JACK MINES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN: ZAE000006722
("Simmers" or "the company")
DIRECTOR`S DEALING IN SECURITIES
In compliance with the requirements of rule 3.63 to 3.65 of the Listings
Requirements of the JSE Limited the following share transactions by a director
are disclosed:
Director JP Schumacher on behalf of Top-Gold
Class Ordinary shares
Date of Transaction 11 January 2007
No of shares 2 000 000
Price 470 cents
Total amount R9 400 000
Nature Book-over trade. Sale of shares held
by Top-Gold in order to meet
investment restrictions and guidelines
as outlined in its prospectus.
Extent of interest Indirect beneficial
Director JP Schumacher on behalf of Top-Gold
Class Ordinary shares
Date of Transaction 12 January 2007
No of shares 10 000 000
Price 455 cents
Total amount R45 500 000
Nature Book-over trade. Sale of shares held
by Top-Gold in order to meet
investment restrictions and guidelines
as outlined in its prospectus.
Extent of interest Indirect beneficial
Director JP Schumacher
Class Ordinary shares
Date of exercise 12 January 2007
No of shares 1 000 000
Exercise/strike price 25 cents
Total amount R250 000
Nature Exercise and purchase of share options
allocated on 1 December 2004
Extent of interest Direct beneficial
Clearance to deal has been obtained in all instances.
Mr. Schumacher is a non-executive Board member of SIMMERS and CEO of Top-Gold
AGmvK, a Liechtenstein based precious metals fund. As the Simmers shares have
increased in value, Top-Gold has been required to reduce its holdings by the
investment restrictions set in the prospectus and by the regulatory authorities
in Liechtenstein. Top-Gold has indicated that it will remain a substantial
shareholder in Simmers. Because Mr Schumacher is a director the JSE has ruled
that these trades must be subject to the rules concerning Directors` trading.
In his personal capacity, Mr. Schumacher has exercised share options to purchase
Simmers shares, which he was granted when he became a director of the company in
2004.
JOHANNESBURG
15 January 2007
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 15/01/2007 10:28:44 Produced by the JSE SENS Department.
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