Company announcements

Dealings in Securities by Directors and Officers

20 December 2011

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. 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:           19 December 2011
Price per share:               R0
Value based on
19 December 2011
Closing price of R39,65        R92 344,85
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:           19 December 2011 
Price per share:               R0
Value based on
19 December 2011
Closing price of R39,65        R92 344,85
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:           19 December 2011
Price per share:               R0
Value based on
19 December 2011
Closing price of R39,65        R92 344,85
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:           19 December 2011
Price per share:               R0
Value based on
19 December 2011
Closing price of R39,65        R92 344,85
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:           19 December 2011
Price per share:               R0
Value based on
19 December 2011
Closing price of R39,65        R92 344,85
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:           19 December 2011
Price per share:               R0
Value based on
19 December 2011
Closing price of R39,65        R354 867,50
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
 

Johannesburg
20 December 2011

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