Wits Gold Limited - Dealings in Securities by Directors and Officers
22.02.2011 | CNW
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
JOHANNESBURG, Feb. 22 /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. 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:
Name Position No. of shares Value based on closing price of R50.50 on 18 Feb 2011 Nature of interest
AR Fleming Company director 2 329 R117 614.50 Direct beneficial
T Mokoena Company director 2 329 R117 614.50 Direct beneficial
H Mathe Company director 2 329 R117 614.50 Direct beneficial
G Wilson Company director 2 329 R117 614.50 Direct beneficial
BJ Dowden Company Secretary 2 329 R117 614.50 Indirect beneficial
MB Watchorn Company director 10 740 R542 370.00 Direct beneficial
DM Urquhart Company director 8 950 R451 975.00 Direct beneficial
Date of transaction: 18 February 2011
Price per share: R0
Class of shares: Ordinary
Nature of transaction: Allocation of shares under Share Incentive & Retention Scheme
Clearance to deal was granted: Yes
Johannesburg
22 February 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
For further information:
Dr. Marc Watchorn
Chief Executive Officer
Tel: +27 11 832 1749
Mr. Hethen Hira
Investor Relations
Tel: +27 11 832 1749
http://www.witsgold.com