BWI
BWI
BWI - B&W - Dealings in securities by directors
B & W INSTRUMENTATION AND ELECTRICAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 2001/008548/06)
Share code: BWI ISIN: ZAE000098687
("B&W" or "the company")
DEALINGS IN SECURITIES BY DIRECTORS
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings
Requirements of JSE Limited, the following information is disclosed wherein
share options have been awarded to each of the following directors of B&W,
namely Messrs Daniel Johannes Evert, Cornelius Jacobus Minnie and Hendrik
Johannes Rall:
Date of grant: 23 August 2007
Expiry date of share options: 23 August 2010
Number of options: 630 000
Strike price: 169 cents
Value of grant: R1 064 700
Clearance obtained: Yes
Extent of director`s interest: Direct beneficial
Thirty three and one third percent of the total number of the share options
which have been granted to each of the abovementioned directors will vest after
each of the next 3 years being 23 August 2008, 2009 and 2010.
Johannesburg
28 August 2007
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 28/08/2007 17:50:20 Produced by the JSE SENS Department.
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