Restructuring of bee shareholding in Wescoal
Waterberg Portion Property (Pty) Limited ("WPP"), a BEE company which holds a 31.36% shareholding in Wescoal has restructured its shareholding in Wescoal through the transfer of 1 000 000 Wescoal shares at 78 cents per share to Mr R Ramaite, a shareholder of WPP and director of Wescoal and 2 000 000 Wescoal shares at 78 cents per share to another shareholder of WPP, Mr E Mzimela. In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the following information relating to the transfer of ordinary shares is disclosed as follows:
| Company: | Wescoal Holdings Limited |
| Director: | Mr R Ramaite, Mr M Sikhosana |
| Nature of association | Shareholders in Waterberg Portion Property (Pty) Limited |
| Date of transaction: | 21 July 2009 |
| Number of shares: | 3 000 000 |
| Price of shares: | 78 cents |
| Total value: | R2 340 000 |
| Class of shares: | Ordinary shares |
| Nature of transaction: | Sale |
| Nature of interest: | Indirect beneficial |
| Clearance: | Yes |
| Company: | Wescoal Holdings Limited |
| Director: | Mr R Ramaite |
| Date of transaction: | 21 July 2009 |
| Number of shares: | 1 000 000 |
| Price of shares: | 78 cents |
| Total value: | R780 000 |
| Class of shares: | Ordinary shares |
| Nature of transaction: | Purchase |
| Nature of interest: | Direct beneficial |
| Clearance: | Yes |
22 July 2009
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 22/07/2009 09:50:01 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (’JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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