Directors' Dealings
November 04 2008 - 6:15AM
UK Regulatory
RNS Number : 3820H
Petmin Limited
04 November 2008
For Immediate Release 4 November 2008
JSE: PET
AIM: PTMN
Petmin Limited
('Petmin', 'the company' or 'the group')
DEALING IN SECURITIES BY DIRECTORS
In compliance with rule 3.63 of the JSE Limited Listings Requirements, the following information is disclosed Petmin having been
notified of these transactions on 30 October 2008:
Name of director: Mr JA Strijdom (Non Executive Director)
Name of company of which he is Petmin Limited
a director:
Date transaction was effected: The options were granted on 29 November
2004 and expire in August 2009 and
exercised on 30 October 2008
Nature of transaction: Exercise of options in terms of an option
agreement.
Class of security: Option to acquire ordinary shares
Number of securities: 250,000
Strike price (cents): 45
Payment terms: On or prior to 4 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been
made):
Total value of transaction: R112,500
Nature of director's interest Direct beneficial
Name of director: Mr E de Villiers Greyling (Non Executive
Director)
Name of company of which he is Petmin Limited
a director:
Date transaction was effected: The options were granted on 29 November
2004 and expire in August 2009 and
exercised on 30 October 2008
Nature of transaction: Exercise of options in terms of an option
agreement
Class of security: Option to acquire ordinary shares
Number of securities: 250,000
Strike price (cents): 45
Payment terms: On or prior to 4 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been
made):
Total value of transaction: R112,500
Nature of director's interest Direct beneficial
Name of director: L Mogotsi (Executive Director)
Name of company of which he is Petmin Limited
a director:
Date transaction was effected: The options were granted on 29 November
2004 and expire in August 2009 and
exercised on 30 October 2008
Nature of transaction: Exercise of options in terms of an option
agreement
Class of security: Option to acquire ordinary shares
Number of securities: 250,000
Strike price (cents): 45
Payment terms: On or prior to 4 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been
made):
Total value of transaction: R112,500
Nature of director's interest Direct beneficial
Name of director: A Martin (Non-Executive Director) through
his interest in Dark Capital (Pty) Ltd,
Petmin's anchor BEE shareholder.
Name of company of which he is Petmin Limited
a director:
Date transaction was effected: The options were granted on 30 November
2005 as published in the circular to
shareholders dated 7 November 2005 and
expire on 31 October 2008 and were
exercised on 30 October 2008
Nature of transaction: Grant of options in terms of a specific
issue of shares approved by shareholders
on 30 November 2005
Class of security: Option to acquire ordinary shares
Number of securities: 7,000,000
Strike price (cents): 65
Payment terms: On or prior to 6 November 2008
Dates of release of the shares 7 November 2008
(assuming payment has been
made):
Total value of transaction: R4,550,000
Nature of director's interest Indirect and non-benefical
Name of director: MR Snelling (Executive Director of Springlake Holdings
Proprietary Limited ("Springlake"), a wholly owned subsidiary
of Petmin Limited)
Name of company of which he is Springlake
a director:
Date transaction was effected: On 30 November 2005 as part of the Springlake acquisition as
published in the Circular to Shareholders dated 7 November 2005
Nature of transaction: Issue of shares in terms of a resolution approved by
shareholders on 30 November 2005. The shares are issued for the
finalization of the acquisition of Springlake Holdings
Proprietary Limited Shares. The shares are issued in final
settlement and was subject to the achievement of certain
milestones. Petmin has no further obligations to issue shares
pursuant to the Springlake Transaction.
Class of security: Ordinary shares
Number of securities: 1 000 000
Issue price (cents): 60
Dates of release of the 7 November 2008
shares:
Total value of transaction: R600 000,00
Nature of director's interest Direct and benefical
Name of director: BT Tanner (Executive Director of
Springlake Holdings Proprietary Limited,
a wholly owned subsidiary of Petmin
Limited)
Name of company of which he is Springlake Holdings Proprietary Limited
a director:
Date transaction was effected: On 30 November 2005 as part of the
Springlake Holdings Ltd acquisition as
published in the Circular to Shareholders
dated 7 November 2005
Nature of transaction: Issue of shares in terms of a resolution
approved by shareholders on 30 November
2005. The shares are issued for the
finalization of the acquisition of
Springlake Holdings Proprietary Limited
Shares. The shares are issued in final
settlement and was subject to the
achievement of certain milestones. Petmin
has no further obligations to issue
shares pursuant to the Springlake
Transaction.
Class of security: Ordinary shares
Number of securities: 730 000
Issue price (cents): 60
Dates of release of the shares 7 November 2008
(assuming payment has been
made):
Total value of transaction: R438 000,00
Nature of director's interest Direct and benefical
Name of director: R Pinheiro (Executive Director of
Springlake Holdings Proprietary Limited, a
wholly owned subsidiary of Petmin Limited)
Name of company of which he is Springlake Holdings Proprietary Limited
a director:
Date transaction was effected: On 30 November 2005 as part of the
Springlake Holdings Ltd acquisition as
published in the Circular to Shareholders
dated 7 November 2005
Nature of transaction: Issue of shares in terms of a resolution
approved by shareholders on 30 November
2005. The shares are issued for the
finalization of the acquisition of
Springlake Holdings Proprietary Limited
Shares. The shares are issued in final
settlement and was subject to the
achievement of certain milestones. Petmin
has no further obligations to issue shares
pursuant to the Springlake Transaction.
Class of security: Ordinary shares
Number of securities: 500 000
Issue price (cents): 60
Dates of release of the shares 7 November 2008
assuming payment has been
made):
Total value of transaction: R300 000,00
Nature of director's interest Direct and benefical
Shareholders are further advised that an employee of the Company has exercised 30 000 Petmin share options at 65 cents per share in
terms of the Petmin Share Option Scheme and a further 237 000 ordinary shares are to be issued to N. Rampago at 60 cents per share in final
settlement of the Springlake Holdings (Pty) Ltd acquisition.
2 000 000 Petmin shares currently held as treasury stock will be utilized to partially fulfill the abovementioned obligation. New shares
will be listed for the balance.
Clearance for these transactions was provided in terms of section 3.66 of the JSE Listings Requirements.
04 November 2008
Johannesburg
Sponsor
River Group
www.petmin.co.za
Enquiries:
Petmin Limited +27 82 459 7818
Bradley Doig, Chief Operating Officer
Nominated Adviser
Numis Securities Limited +44 20 7260 1000
John Harrison
Sponsor
River Group +27 832 535 327
Casper van Wyk
Parkgreen Communications +44 20 7933 8780
Sue Scott / Leah Kramer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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