PTMN Petmin

 

TIDMPTMN 
 
RNS Number : 6337O 
Petmin Limited 
01 July 2010 
 
PETMIN LIMITED 
Incorporated in the Republic of South Africa 
Registration Number 1972/001062/06 
Share Code JSE: PET & ISIN: ZAE000076014 
Share Code AIM: PTMN 
("Petmin" or "the Company") 
 
DIRECTORS DEALING IN SECURITIES AND ANCHOR BEE CONSORTIUM STATUS 
 
Shareholders are advised that, the Company was informed on 30 June 2010 that in 
terms of 
paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE Limited the 
following information 
relating to dealing in securities by directors of the Company be disclosed: 
 
Director: Mr. AR Martin (Non-Executive Director) 
Date: 30 June 2010 
Price: 275 cents per share 
Number of shares: 875,375 
Class: Ordinary shares 
Nature: Off-market purchase 
Total consideration: R2 407 281.25 
Extent of Directors' interest: INDIRECT - non beneficial 
 
Director: Mr. A Martin (Non-Executive Director) 
Date: 30 June 2010 
Price: 275 cents per share 
Number of shares: 9 770 000 
Class: Ordinary shares 
Nature: single stock futures contract close out 
Total consideration: R26 867 500 
Extent of Directors` interest: INDIRECT - non beneficial 
 
Director: Mr. AR Martin (Non-Executive Director) 
Date: 30 June 2010 
Price: 275 cents per share 
Number of shares: 875,375 
Class: Ordinary shares 
Nature: Off-market sale 
Total consideration: R2 407 281.25 
Extent of Directors' interest: INDIRECT - non beneficial 
 
Director: Mr. AR Martin (Non-Executive Director) 
Date: 30 June 2010 
Price: 275 cents per share 
Number of shares: 64 583 030 
Class: Ordinary shares 
Nature: Off-market sale 
Total consideration: R177 603 333 
Extent of Directors' interest: INDIRECT - non beneficial 
 
Director: Mr. B. Doig (Executive Director) 
Date: 30 June 2010 
Price: 260 cents per share 
Number of shares: 311 000 
Class: Ordinary shares 
Nature: Off-market sale 
Total consideration: R808 600 
Extent of Directors' interest: INDIRECT - non beneficial 
 
Clearance has been received in terms of rule 3.66 of the JSE`s Listings 
Requirements in respect of 
the above transaction. 
 
Dark Capital (Proprietary) Limited ("Dark Capital") is Petmin's preferred Black 
Economic 
Empowerment ("BEE") shareholder and the key member of the Petmin Anchor BEE 
Consortium. 
 
Alwyn Martin (a Petmin non-executive director), and Heloie Mgcina (nee Martin) 
are directors of 
Dark Capital and have an indirect interest in Dark Capital. Raphael Martin is a 
co controlling 
shareholder of Dark Capital. Heloise Mgcina, Alwyn Martin and Raphael Martin are 
collectively 
referred to herein as "the Martin Family". 
 
The purpose of this announcement is to clarify to the market the state of the 
reorganisation of the 
Martin Family's interest in Petmin, and the impact of the foregoing on Petmin's 
BEE status. 
 
Alwyn Martin today announced on SENS the following restructuring of the Martin 
Family's 
interest in Petmin: 
 
Off-market transactions executed at 275 cents: 
 
64 583 030 shares transferred by Dark Capital to a vehicle of which Raphael 
Martin is the sole 
beneficiary; 
 
17 640 000 shares acquired by a vehicle owned by Raphael Martin and Heloise 
Mgcina 
unconnected to Alwyn Martin; 
 
Dark Capital has reduced its Single Stock Futures exposure by 97 700 contracts, 
representing 
9 770,000 Petmin shares; 
 
An interest in 875 375 indirectly held shares sold by Dark Capital, and 
 
875 375 shares acquired indirectly by Alwyn Martin. 
 
Other Director's dealings which occurred today are: 
 
311 000 shares sold by Bradley Doig to Dark Capital 
 
At the 27 January 2010 Annual General Meeting ("the AGM"), Petmin's shareholders 
approved the 
granting of financial assistance to Dark Capital by Petmin ("Petmin Support") 
and this 
Facility currently being finalised with the relevant financial institutions. The 
net result of the above, 
and the accompanying transactions, is an increase of 11 870 000 in the number of 
shares standing 
to the benefit of The Martin family to 132 104 278) of which 120 000 000 shares 
are "locked up 
"for 3 years and or until the Facility is repaid. 
 
As at 30 June 2010, at least 28% percent of Petmin's equity is controlled by the 
Petmin Anchor 
BEE Consortium. 
 
The Petmin management looks forward to developing Petmin as a multi-commodity 
business with 
the continued support of the Petmin Anchor BEE Consortium. 
 
Johannesburg 
1 July 2010 
 
Enquiries: 
Petmin 
Bradley Doig (COO) 
+27 824 597 818 
 
Nominated Advisor (AIM) 
Numis Securities Limited 
John Harrison 
+44 207 260 1000 
 
Sponsor and Corporate Advisor (JSE) 
River Group 
Andrew Lianos 
+27 834 408 365 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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