UTR
UTR
UTR - Unitrans Limited - Confirmation of Grant of Share Rights
UNITRANS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1967/003403/06)
Share Code: UTR
ISIN Number: ZAE000007670
("Unitrans" or "the Company")
CONFIRMATION OF GRANT OF SHARE RIGHTS
At the second annual general meeting of shareholders held on 24 November
2006, shareholders approved the entering into of the Unitrans Limited
Executive Share Rights Scheme ("the Scheme").
In terms of the Scheme, share rights over ordinary shares of 10 cents
each in Unitrans were granted to the following executive directors on 14
December 2006:
No. of Unitrans Shares
Executive Director over which
rights granted
N Boshoff 73 295
P J Dieperink 116 584
K J Grove 180 000
S M Keys 87 657
Pursuant to the lifting of the cautionary announcement which was in place
at the time of these grants, confirmation of acceptance by the directors,
in the respective beneficial capacity, has now been received. Clearance
was given in terms of paragraph 3.66
In accordance with the provisions of the Scheme and on implementation of
the transaction approved by shareholders of the company in general
meeting on 13 April 2007 relating to the disposal by the company of its
entire business as a going concern to a wholly-owned subsidiary of
Steinhoff International Holdings Limited ("Steinhoff"), as set out in the
circular to shareholders dated 22 March 2007, these share rights will be
absorbed on the basis of a 2 : 1 ratio within Steinhoff for the
equivalent of rights / options in respect of Steinhoff shares.
J V RADNAY
COMPANY SECRETARY
Sponsor
PSG Capital
Date: 26/04/2007 15:39:01 Produced by the JSE SENS Department.
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