Spur - Acquisition of Spur ordinary shares,
Sale of shares by the company`s chairman
Allocation of shares and options to the directors
SPUR CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/000828/06)
Share code : SUR
ISIN : ZAE000022653
(`Spur` or `the company`)
1Acquisition of Spur ordinary shares (`shares`), sale of shares by the company`s
Chairman and allocation of shares and options to the directors in terms of the
Spur Management Incentive Share Scheme 2004 (`the Scheme`)
Shareholders are advised that, in terms of the Scheme, which was approved by
shareholders at a general meeting held on 15 December 2004, the following
transactions have taken place:
1. Acquisition of shares from Share Buy-Back (Proprietary) Limited (`SBBCo`)
In an inter-group transaction, Maxshell 72 Investments (Pty) Limited
(`Newco`) has acquired 3 424 043 shares from SBBCo (currently held as
treasury shares) at R5.79 each.
2. Purchase of shares from Mr. AJ Ambor (`the Related Party`)
In terms of the Scheme, Newco was authorised to purchase a maximum of 5 495
957 shares on the open market and / or from the Related Party at the
reference price on the JSE Securities Exchange South Africa (`JSE`) at the
time of purchase.
The company has purchased 4 850 000 Spur shares from the Related Party at R5.85
each and the balance of the shares required will be purchased on the open
market.
3. Sale of shares by the Related Party
In compliance with section 3.63 of the Listings Requirements of the JSE,
the following dealings by a director in the company`s securities are
advised:
Name of director Allen J Ambor (Executive Director)
Date of transaction 21 December 2004
Sale Price R5.85
Number of securities 4 850 000
Total value R28 372 500
Class of securities Ordinary shares
Nature Sale
Interest Direct beneficial
Clearance to deal in terms of Obtained
paragraph 3.66
4. Allocation of shares and options to directors in terms of the Scheme
In compliance with paragraph 3.63 of the Listings Requirements of the JSE,
the following shares / options were allocated to directors of the company
on 22 December 2004:
ALLOCATION OF SHARES TO EXECUTIVE DIRECTORS:
Name of Nature of Class of Interest in Number of
executive transaction shares transaction shares *Price
director
AJ Ambor Indirect Ordinary Indirect non- 350 000 R5.84
holding beneficial
through
Newco
PG van Indirect Ordinary Indirect non- 1 240 790 R5.84
Tonder holding beneficial
through
Newco
M Indirect Ordinary Indirect non- 936 445 R5.84
Farrelly holding beneficial
through
Newco
K Indirect Ordinary Indirect non- 749 156 R5.84
Robertson holding beneficial
through
Newco
P Joffe Indirect Ordinary Indirect non- 300 000 R5.84
holding beneficial
through
Newco
* As per the rules of the Scheme, including transaction costs.
ALLOCATION OF OPTIONS TO NON-EXECUTIVE DIRECTORS
Name of Nature of Class of Interest in Number **Option First
non- transaction shares transaction of price vesting
executive options date
director
K Getz Allocation Ordinary Indirect 234 111 R5.79 22.12.2009
non-
beneficial
W Rule Allocation Ordinary Indirect 280 934 R5.79 22.12.2009
non-
beneficial
DD Hyde Allocation Ordinary Indirect 300 000 R5.79 22.12.2009
non-
beneficial
**As per the rules of the Scheme.
Cape Town
22 December 2004
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 22/12/2004 04:54:07 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department