DIRECTORS DEALING IN SECURITIES
July 01 2010 - 6:26AM
UK Regulatory
TIDMPTMN
RNS Number : 6337O
Petmin Limited
01 July 2010
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or "the Company")
DIRECTORS DEALING IN SECURITIES AND ANCHOR BEE CONSORTIUM STATUS
Shareholders are advised that, the Company was informed on 30 June 2010 that in
terms of
paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE Limited the
following information
relating to dealing in securities by directors of the Company be disclosed:
Director: Mr. AR Martin (Non-Executive Director)
Date: 30 June 2010
Price: 275 cents per share
Number of shares: 875,375
Class: Ordinary shares
Nature: Off-market purchase
Total consideration: R2 407 281.25
Extent of Directors' interest: INDIRECT - non beneficial
Director: Mr. A Martin (Non-Executive Director)
Date: 30 June 2010
Price: 275 cents per share
Number of shares: 9 770 000
Class: Ordinary shares
Nature: single stock futures contract close out
Total consideration: R26 867 500
Extent of Directors` interest: INDIRECT - non beneficial
Director: Mr. AR Martin (Non-Executive Director)
Date: 30 June 2010
Price: 275 cents per share
Number of shares: 875,375
Class: Ordinary shares
Nature: Off-market sale
Total consideration: R2 407 281.25
Extent of Directors' interest: INDIRECT - non beneficial
Director: Mr. AR Martin (Non-Executive Director)
Date: 30 June 2010
Price: 275 cents per share
Number of shares: 64 583 030
Class: Ordinary shares
Nature: Off-market sale
Total consideration: R177 603 333
Extent of Directors' interest: INDIRECT - non beneficial
Director: Mr. B. Doig (Executive Director)
Date: 30 June 2010
Price: 260 cents per share
Number of shares: 311 000
Class: Ordinary shares
Nature: Off-market sale
Total consideration: R808 600
Extent of Directors' interest: INDIRECT - non beneficial
Clearance has been received in terms of rule 3.66 of the JSE`s Listings
Requirements in respect of
the above transaction.
Dark Capital (Proprietary) Limited ("Dark Capital") is Petmin's preferred Black
Economic
Empowerment ("BEE") shareholder and the key member of the Petmin Anchor BEE
Consortium.
Alwyn Martin (a Petmin non-executive director), and Heloie Mgcina (nee Martin)
are directors of
Dark Capital and have an indirect interest in Dark Capital. Raphael Martin is a
co controlling
shareholder of Dark Capital. Heloise Mgcina, Alwyn Martin and Raphael Martin are
collectively
referred to herein as "the Martin Family".
The purpose of this announcement is to clarify to the market the state of the
reorganisation of the
Martin Family's interest in Petmin, and the impact of the foregoing on Petmin's
BEE status.
Alwyn Martin today announced on SENS the following restructuring of the Martin
Family's
interest in Petmin:
Off-market transactions executed at 275 cents:
64 583 030 shares transferred by Dark Capital to a vehicle of which Raphael
Martin is the sole
beneficiary;
17 640 000 shares acquired by a vehicle owned by Raphael Martin and Heloise
Mgcina
unconnected to Alwyn Martin;
Dark Capital has reduced its Single Stock Futures exposure by 97 700 contracts,
representing
9 770,000 Petmin shares;
An interest in 875 375 indirectly held shares sold by Dark Capital, and
875 375 shares acquired indirectly by Alwyn Martin.
Other Director's dealings which occurred today are:
311 000 shares sold by Bradley Doig to Dark Capital
At the 27 January 2010 Annual General Meeting ("the AGM"), Petmin's shareholders
approved the
granting of financial assistance to Dark Capital by Petmin ("Petmin Support")
and this
Facility currently being finalised with the relevant financial institutions. The
net result of the above,
and the accompanying transactions, is an increase of 11 870 000 in the number of
shares standing
to the benefit of The Martin family to 132 104 278) of which 120 000 000 shares
are "locked up
"for 3 years and or until the Facility is repaid.
As at 30 June 2010, at least 28% percent of Petmin's equity is controlled by the
Petmin Anchor
BEE Consortium.
The Petmin management looks forward to developing Petmin as a multi-commodity
business with
the continued support of the Petmin Anchor BEE Consortium.
Johannesburg
1 July 2010
Enquiries:
Petmin
Bradley Doig (COO)
+27 824 597 818
Nominated Advisor (AIM)
Numis Securities Limited
John Harrison
+44 207 260 1000
Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos
+27 834 408 365
This information is provided by RNS
The company news service from the London Stock Exchange
END
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