Wits Gold - Dealings in Securities by Directors and Officers
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
Philip Kotze
Chief Executive Officer
Tel: +27 11 832 1749
Hethen Hira
Executive: Corporate Development & Investor Relations
Tel: +27 11 832 1749