WGR - Wits Gold -- Dealings in Securities by a Dir
WGR
WGR
WGR - Wits Gold -- Dealings in Securities by a Director
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
Dealings in Securities by a Director
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, Wits
Gold wishes to disclose the following information:
Company Director: A Fleming
Number of shares: 6 780
Date of transaction: 30 January 2007
Price per share: R76,69
Value R519 958,20
Class of shares: Ordinary
Nature of transaction: Sale
Nature of interest: Indirect beneficial
Clearance to deal was granted: Yes
These dealings have resulted from an off-market transaction where FF&P Private
Equity Limited sold 318,861 Wits Gold shares to FF&P Asset Management
Limited. These shares were sold as at 30 January 2007 and the price of the
transaction was ZAR76.69159 per share, representing the volume weighted
average price (VWAP) in the five trading days to Friday 26 January 2007, as
agreed between the parties. The seller, FF&P Private Equity Limited, is a
specialist unquoted investment manager whose established policy is to
realise investments within twelve months of a company obtaining a listing
on a recognised stock exchange.
The Chairman of Wits Gold, Mr Adam Fleming, has an effective beneficial
interest in certain funds under the discretionary management of FF&P
Private Equity and therefore had an effective beneficial interest in 6,780
of these Wits Gold shares. He had no discretionary control over these
shares but the sale of these shares by FF&P Private Equity Limited has
reduced his indirect beneficial holding by 0.02% in Wits Gold thus
representing 10.73% of the ordinary shares in issue.
In a separate transaction FF&P Private Equity Limited has also transferred
discretionary management over a further 318,681 Wits Gold shares to FF&P
Asset Management Limited although these shares will continue to be held in
the same registered entity and for the same underlying beneficial owners.
This transfer does not alter Mr Adam Fleming`s indirect beneficial interest
in Wits Gold in any way
Johannesburg
31 January 2007
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 31/01/2007 16:27:01 Produced by the JSE SENS Department.
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