CLH - City Lodge - Grant of share options to direc
CLH
CLH
CLH - City Lodge - Grant of share options to directors and company
secretary
City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH & ISIN Code: ZAE000001483
GRANT OF SHARE OPTIONS TO DIRECTORS AND COMPANY SECRETARY
In compliance with Rule 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed wherein share options have been awarded
to directors and company secretary of City Lodge, namely Mr C. Ross, Mr
A.C. Widegger and Mrs M.C. van Heerden on the following terms:
Director: C. Ross
Designation: Executive Director, City Lodge Hotels Limited
Date of grant: 8 May 2007
Number of Options: 28 000
Strike Price: R80.31
Value of Transaction: R2 248 680.00
Director: A.C. Widegger
Designation: Executive Director, City Lodge Hotels Limited
Date of grant: 8 May 2007
Number of Options: 16 800
Strike Price: R80.31
Value of Transaction: R1 349 208.00
Director: M.C. van Heerden
Designation: Group Company Secretary, City Lodge Hotels
Limited
Date of grant: 8 May 2007
Number of Options: 4 000
Strike Price: R80.31
Value of Transaction: R321 240.00
The share options may be exercised at various periods commencing May 2009.
The share options will lapse to the extent that they are not exercised by
the tenth anniversary of the date of grant.
In accordance with Section 3.66 of the JSE Listings Requirements prior
clearance has been obtained from Mr H.R. Enderle, Chairman of the Board of
City Lodge.
Bryanston
9 May 2007
Sponsor
J.P. Morgan Equities Limited
Date: 09/05/2007 14:43:01 Produced by the JSE SENS Department.
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