| Thu 28 Feb 2008, 10:02 | | GDF - Gold Reef - Dealing In Securities By Directo |
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GDF
GDF
GDF - Gold Reef - Dealing In Securities By Directors And Company Secretary
Gold Reef Resorts Limited
(Incorporated in the Republic of South Africa)
(Registration number : 1989/002108/06)
Share code : GDF ISIN : ZAE000028338
("Gold Reef")
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE
Limited, the following information, relating to the dealing in securities by
directors and company secretary, is disclosed:
Executive director S B Joffe
Company of which a director Gold Reef
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 500 000
Strike Price R15.35
Value of transaction R7 675 000
Number of securities 500 000
Strike Price R14.39
Value of transaction R7 195 000
Nature of transaction Transfer of shares from the director to the
Gold Reef Share Scheme and re-instatement of share
options and vesting periods pursuant to fulfilment
of the resolutive condition, details of which are
given below
Extent of interest Direct beneficial
Clearance to deal N/A
Executive director S B Joffe
Company of which a director Gold Reef
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 250 000
Strike Price nil
Value of transaction nil
Nature of transaction Transfer of shares from the director to the
Gold Reef Share Scheme and re-instatement of
performance criteria and vesting periods for staff
award shares pursuant to fulfilment of the
resolutive condition, details of which are given
below
Extent of interest Direct beneficial
Clearance to deal N/A
Executive director J S Friedman
Company of which a director Gold Reef
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 170 000
Strike Price R15.35
Value of transaction R2 609 500
Number of securities 300 000
Strike Price R14.39
Value of transaction R4 317 000
Nature of transaction Transfer of shares from the director to the
Gold Reef Share Scheme and re-instatement of share
options and vesting periods pursuant to fulfilment
of the resolutive condition, details of which are
given below
Extent of interest Direct beneficial
Clearance to deal N/A
Executive director J S Friedman
Company of which a director Gold Reef
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 50 000
Strike Price nil
Value of transaction nil
Nature of transaction Transfer of shares from the director to the
Gold Reef Share Scheme and re-instatement of
performance criteria and vesting periods for staff
award shares pursuant to fulfilment of the
resolutive condition, details of which are given
below
Extent of interest Direct beneficial
Clearance to deal N/A
Executive director C Neuberger
Company of which a director Gold Reef
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 170 000
Strike Price R15.35
Value of transaction R2 609 500
Number of securities 300 000
Strike Price R14.39
Value of transaction R4 317 000
Nature of transaction Transfer of shares from the director to the
Gold Reef Share Scheme and re-instatement of share
options and vesting periods pursuant to fulfilment
of the resolutive condition, details of which are
given below
Extent of interest Direct beneficial
Clearance to deal Yes
Executive director C Neuberger
Company of which a director Gold Reef
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 50 000
Strike Price nil
Value of transaction nil
Nature of transaction Transfer of shares from the director to the
Gold Reef Share Scheme and re-instatement of
performance criteria and vesting periods for staff
award shares pursuant to fulfilment of the
resolutive condition, details of which are given
below
Extent of interest Direct beneficial
Clearance to deal N/A
Executive director B Biyela
Company of which a director Gold Reef
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 68 000
Strike Price R15.35
Value of transaction R1 043 800
Nature of transaction Transfer of shares from the director to the
Gold Reef Share Scheme and re-instatement of share
options and vesting periods pursuant to fulfilment
of the resolutive condition, details of which are
given below
Extent of interest Direct beneficial
Clearance to deal N/A
Company secretary C Paul
Transaction date 2 February 2008
Class of securities Ordinary shares
Number of securities 75 000
Strike Price R14.39
Value of transaction R1 079 250
Nature of transaction Transfer of shares from the company secretary
to the Gold Reef Share Scheme and re-instatement
of share options and vesting periods pursuant to
fulfilment of the resolutive condition, details of
which are given below
Extent of interest Direct beneficial
Clearance to deal N/A
As noted in the announcement dated 16 October 2007, the original exercise of the
options and acceleration of the staff award shares were subject to the
resolutive condition that should the proposed scheme of arrangement not become
operative, the exercise of the options and acceleration of the staff award
shares shall cease to be of any force and effect and the directors and company
secretary shall be restored to, as nearly as may be possible, the position had
the above transactions not occurred. The proposed scheme of arrangement has
lapsed and ceased to be of any force and effect and, accordingly, the resolutive
condition has been fulfilled. The purpose of the above transactions is to effect
the transfer of the shares from the directors back to the Gold Reef Share
Scheme, to re-instate the options that were previously exercised and to re-
instate the original vesting periods.
Johannesburg
28 February 2008
Sponsor
Nedbank Capital
Date: 28/02/2008 10:02:05 Produced by the JSE SENS Department.
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