GMB - Glenrand M I B Limited - Dealing In Securities By A Director
GMB
GMB
GMB - Glenrand M I B Limited - Dealing In Securities By A Director
GLENRAND M I B LIMITED
(a Licenced Financial Services Provider)
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share code: GMB & ISIN: ZAE000078010
("Glenrand M I B" or "the Company")
DEALING IN SECURITIES BY A DIRECTOR
In compliance with rule 3.63 to 3.74 of the JSE Limited Listings Requirements,
the following information relating to the granting and acceptance of share
options to a director is disclosed:
Name: Mr A J Chislett
Designation: Chief Executive Officer
Company: Glenrand M I B
Date of transaction: 20 March 2008
Nature of transaction: Granting and acceptance of share options
Strike price: R1.13 per option
No. of options granted: 1 000 000
Value of options granted: R1 130 000
Vesting period: Options are exercisable as follows: 35% of
the options after three years, up to 70%
after four years, and up to 100% after five
years, with any unexercised options expiring
after seven years.
Nature and extent of interest: Direct beneficial
Written clearance to deal: Yes
Randburg
20 March 2008
Sponsor
Nedbank Capital
Date: 20/03/2008 10:12:00 Produced by the JSE SENS Department.
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