PR Newswire: news distribution, targeting and monitoring
2014

Wits Gold - Dealings in Securities by Directors and Officers

Share with Twitter Share with LinkedIn

Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP NUMBER: S98297104
('Wits Gold' or 'the Company')

JOHANNESBURG, Nov. 16, 2012 /CNW/ - The Wits Gold Share Incentive and Retention Scheme was approved at the Company's Annual General Meeting held on 12 October 2007.  In terms of the rules of the Scheme, all Company employees become eligible to participate therein and to acquire shares at no cost to the employee. The current shares were allocated to each participant in February 2010, vesting annually over a three year period, and are the final shares to vest. Accordingly, in terms of rule 3.70 of the JSE requirements, the directors have no discretion in the directors' dealing transactions. All shares awarded in terms of this scheme were fully issued prior to the Company's listing on the JSE Ltd in April 2006 and therefore do not dilute the existing shareholders.

Accordingly, in compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, Wits Gold wishes to disclose the following dealings relevant to its directors and officers:

Company Director:              AR Fleming
Number of shares:             2 329
Date of transaction:           14 November 2012
Price per share:              R0
Value based on
14 November 2012
Closing price of R18,00       R41 922
Class of shares:               Ordinary
Nature of transaction:        Allocation of shares under Share Incentive & Retention Scheme
Nature of interest:            Direct beneficial
Clearance to deal was granted: Yes
   
Company Director:              T Mokoena
Number of shares:              2 329
Date of transaction:           14 November 2012
Price per share:               R0
Value based on
14 November 2012
Closing price of R18,00       R41 922
Class of shares:               Ordinary
Nature of transaction:        Allocation of shares under Share Incentive & Retention Scheme
Nature of interest:            Direct beneficial
Clearance to deal was granted: Yes
   
Company Director:             H Mathe
Number of shares:              2 329
Date of transaction:           14 November 2012
Price per share:               R0
Value based on
14 November 2012
Closing price of R18,00        R41 922
Class of shares:               Ordinary
Nature of transaction:        Allocation of shares under Share Incentive & Retention Scheme
Nature of interest:            Direct beneficial
Clearance to deal was granted: Yes
   
Company Director:              G Wilson
Number of shares:              2 329
Date of transaction:           14 November 2012
Price per share:              R0
Value based on
14 November 2012
Closing price of R18,00        R41 922
Class of shares:               Ordinary
Nature of transaction:        Allocation of shares under Share Incentive & Retention Scheme
Nature of interest:            Direct beneficial
Clearance to deal was granted: Yes
   
Company Secretary:             BJ Dowden
Number of shares:              2 329
Date of transaction:           14 November 2012
Price per share:              R0
Value based on
14 November 2012
Closing price of R18,00        R41 922
Class of shares:               Ordinary
Nature of transaction:        Allocation of shares under Share Incentive & Retention Scheme
Nature of interest:            Indirect beneficial
Clearance to deal was granted: Yes
   
Company Director:              DM Urquhart
Number of shares:              8 950
Date of transaction:           14 November 2012
Price per share:              R0
Value based on
14 November 2012
Closing price of R18,00       R161 100
Class of shares:               Ordinary
Nature of transaction:        Allocation of shares under Share Incentive & Retention Scheme
Nature of interest:            Direct beneficial
Clearance to deal was granted: Yes

These transactions were done off-market

Johannesburg
16 November 2012

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

SOURCE Wits Gold



Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release