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NEWPARK REIT LIMITED - Dealings in securities by a director of the company

Release Date: 05/07/2018 15:26
Code(s): NRL
Wrap Text
Dealings in securities by a director of the company

NEWPARK REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2015/436550/06)
JSE share code: NRL ISIN: ZAE000212783
(Approved as a REIT by the JSE)
("Newpark" or "the company")                                                                

DEALINGS IN SECURITIES BY A DIRECTOR OF THE COMPANY

Shareholders are referred to the SENS announcements released on 24 August 2016 and 23 May 2018 ("previous
announcements"), the last of which should have been titled dealings in securities by a director and not dealings in
securities by an associate of the director.

No new information is being provided in this announcement however, the company would like to clarify the
disclosures in the previous announcements.

On 23 August 2016, Mr BD van Wyk, a director of Newpark, acquired the entire issued share capital of Marble Gold
167 Proprietary Limited ("Marble Gold"). At the time of the purchase, Marble Gold held 2 796 976 shares in
Newpark as its only asset and as such the acquisition cannot be classified as either an on-market or off-market trade.
The purchase price for Marble Gold was R17 453 130.24 at a deemed purchase price of R6.24 per Newpark share.
Although verbal clearance for the transaction was obtained, no written confirmation of the clearance was recorded.
On the same day, Marble Gold sold 2 118 800 Newpark shares to Renlia Developments Proprietary Limited
("Renlia"), an associate of Mr BD Van Wyk, at R6.24 per share for a total value of R13 221 312. The transaction was
concluded on market, clearance was obtained and an announcement released within the prescribed period.

The remaining balance of the shares Marble Gold held in Newpark had the effect of increasing BD van Wyk's indirect
beneficial interest in Newpark shares by 678 176.

5 July 2018


Designated advisor

Java Capital

Date: 05/07/2018 03:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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