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ESR
ESR
ESR - Esor Limited - Proposed increase in BEE shareholding and directors dealing
in securities
Esor Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/000732/06)
(JSE code: ESR & ISIN: ZAE000078408)
("Esor" or "the company")
PROPOSED INCREASE IN BEE SHAREHOLDING AND DIRECTORS DEALING IN SECURITIES
Shareholders are advised that certain directors of Esor have granted options in
respect of 10 000 000 shares to Vunani Capital (Pty) Limited as part of an
initiative to increase the BEE shareholding in Esor.
In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information is disclosed:
Name of director: M L Barber
Date of transaction: 29 February 2008
Nature of transaction: Option granted
Option price: 750 cents per share
Number of shares: 2 300 000
Total amount: R 17 250 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: A M Field
Date of transaction: 29 February 2008
Nature of transaction: Option granted
Option price: 750 cents per share
Number of shares: 2 300 000
Total amount: R 17 250 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: B Krone
Date of transaction: 29 February 2008
Nature of transaction: Option granted
Option price: 750 cents per share
Number of shares: 2 300 000
Total amount: R 17 250 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: M L Trevisani
Date of transaction: 29 February 2008
Nature of transaction: Option granted
Option price: 750 cents per share
Number of shares: 2 300 000
Total amount: R 17 250 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: Ethan Dube
Date of transaction: 29 February 2008
Nature of transaction: Option received
Option price: 750 cents per share
Number of shares: 10 000 000
Total amount: R 75 000 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Indirect Beneficial
Clearance obtained: Yes
In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information relating to directors of Esor`s major subsidiary, Franki
Africa (Pty) Limited ("Franki") is disclosed:
Name of director: P A Colman
Date of transaction: 29 February 2008
Nature of transaction: Option granted
Option price: 750 cents per share
Number of shares: 250 000
Total amount: R 1 875 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: H W D Coetsee
Date of transaction: 29 February 2008
Nature of transaction: Option granted
Option price: 750 cents per share
Number of shares: 300 000
Total amount: R 2 250 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Direct Beneficial
Clearance obtained: Yes
Name of director: The Byrne Family Trust
Date of transaction: 29 February 2008
Nature of transaction: Option granted
Option price: 750 cents per share
Number of shares: 250 000
Total amount: R 1 875 000
Expiry date: 30 June 2008
Type of option: European
Class of security: Ordinary Shares
Nature of interest: Indirect Beneficial
Clearance obtained: Yes
Shareholders will be advised once the above options have been exercised.
29 February 2008
Johannesburg
Designated Adviser
Exchange Sponsors (Pty) Ltd
Transaction Adviser to Vunani
Vunani Corporate Finance
Date: 29/02/2008 17:50:37 Produced by the JSE SENS Department.
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