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REA GROUP LTD Director's Dealing 2010
65679_rns_2010-07-06_9f93599e-e974-4c67-b990-4f6079da8a23.pdf
Director's Dealing
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ASX Announcement 7 July 2010
REA Group Ltd (the "Company") Appendix 3Y – Change of Director's Interest Notice
- The attached Appendix 3Y notice sets out the changes to the notifiable interests held by one of the Company directors.
The director acquired 2 tranches of Class A shares in News Corp (a "related body corporate" of REA Group Ltd) in July and August 2009, issued to the director as an employee under the News Corp employee share plan, which were not notified to the market at the time of acquisition.
The details of the additional acquired News Corp Class A shares as set out in the attached Appendix 3Y notice are as follows:
- a) On 1 July 2009, the director acquired an additional 14,629 News Corp Class A shares, and
- b) On 17 August 2009, the director acquired a further 19,714 News Corp Class A shares.
In addition, the director sold a number of his News Corp Class A shares in June 2010, which were not notified to the market at the time of sale.
The details of the News Corp Class A shares sold by the director are also set out in the attached Appendix 3Y notice as follows:
- a) On 1 June 2010 the director sold 6000 News Corp Class A shares at a share price of USD$13.10 per share, and
- b) On 18 June 2010 the director sold 8000 News Corp Class A shares at a share price of USD $13.20 per share.
In addition to the 24,318 News Corp Class A shares previously held and declared by the director to the market in his Initial Directors Notice lodged on 13 March 2009, these changes in the director's interests brought the director's total number of News Corp Class A shares to 44,661. The director holds NIL securities in REA Group Ltd.
The total number of News Corp Class A shares held by the director is not of any significance in the context of the issued capital of News Corp.
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- The Company has existing arrangements in place with its directors under which the directors agree and undertake to provide the Company Secretary with details of any change to their notifiable interests.
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- The Company Secretary will re-state these existing arrangements with the Company directors. The Company has systems in place to ensure that changes in relevant interests held by directors will be notified to the ASX within the time required.
Appendix 3Y
Rule 3.19A.2
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
| Name of entity REA Group Ltd |
|---|
| ABN 54 068 349 066 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Jeremy Philips |
|---|---|
| Date of last notice | 13 March 2009 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
| Direct or indirect interest | Direct |
|---|---|
| Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest. | N/A |
| Date of change | 1 July 2009 – acquired 14,629 Class A sharesin News Corp (a "related body corporate" ofREA Group Ltd)17 August 2009 – acquired 19,714 Class Ashares in News Corp1 June 2010 – sold 6,000 Class A shares inNews Corp18 June 2010 – sold 8,000 Class A shares inNews Corp |
| No. of securities held prior to change | 24,318 Class A shares in News Corp. Notethat the director holds NIL securities inREA Group Ltd. |
| Class | Class A shares in News Corp |
+ See chapter 19 for defined terms.
| Number acquired | 1 July 2009 – acquired 14,629 Class A sharesin News Corp17 August 2009 – acquired 19,714 Class Ashares in News Corp |
|---|---|
| Number disposed | 1 June 2010 – sold 6,000 Class A shares inNews Corp18 June 2010 – sold 8,000 Class A shares inNews Corp |
| Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation | 1 July 2009 – NIL 14,629 shares were issuedto the director as an employee under the NewsCorp employee share plan.17 August 2009 – NIL 19,714 shares wereissued to the director as an employee under theNews Corp employee share plan.1 June 2010 – 6000 shares sold for USD$13.10persharefortotalconsiderationofUSD$78,600.18June2010–8000sharessoldforUSD$13.20 per share for total consideration ofUSD$105,600. |
| No. of securities held after change | 44,661 Class A shares held in News Corp. |
| Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back | 34,343 Class A News Corp shares were issuedto the director as an employee under the NewsCorp employee share plan in July and August2009.14,000 Class A News Corp shares were soldby the director in June 2010. |
Part 2 – Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
| Detail of contract | |
|---|---|
| Nature of interest | |
| Name of registered holder(if issued securities) | |
| Date of change | |
| No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed |
+ See chapter 19 for defined terms.
| Interest acquired | |
|---|---|
| Interest disposed | |
| Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation | |
| Interest after change |
+ See chapter 19 for defined terms.