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SBG
SBG
SBG - Simeka - Acceptance of options by directors
SIMEKA BUSINESS SOLUTIONS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/012583/06)
JSE code: SBG ISIN: ZAE000074878
("Simeka")
ACCEPTANCE OF OPTIONS BY DIRECTORS
In compliance with sections 3.63 to 3.65 of the Listings Requirements of the JSE
Limited ("JSE"), shareholders are advised that options have been granted to the
executive directors of the company on the basis set out below.
The options have been granted in terms of Simeka`s share option scheme
Name of director: Surendranath Singh
Date of transaction: 25 March 2008
Number of options: 1 213 000
Option strike price: R0.80
Exercise period: 50% on 1 July 2008
50% on 1 April 2009
Total value: R970,400.00
Class of securities: Ordinary shares
Nature of transaction: Acceptance of options
granted
Nature and extent of director`s interest: Direct beneficial
Name of director: Madoda Papiyana
Date of transaction: 25 March 2008
Number of options: 668 200
Options Strike Price: R0.80
Exercise period: 50% on 1 July 2008
50% on 1 April 2009
Total value: R534,560.00
Class of securities: Ordinary shares
Nature of transaction: Acceptance of options
granted
Nature and extent of director`s interest: Direct beneficial
Name of director: Alexander Evan
Date of transaction: 25 March 2008
Number of options: 875 000
Option strike price: R0.80
Exercise period: 50% on 1 July 2008
50% on 1 April 2009
Total value: R700,000.00
Class of securities: Ordinary shares
Nature of transaction: Acceptance of options
granted
Nature and extent of director`s interest: Direct beneficial
Name of director: Mohammed Varachia
Date of transaction: 25 March 2008
Number of options: 2 288 700
Option strike price: R0.80
Exercise period: 50% on 1 July 2008
50% on 1 April 2009
Total value: R1,830,960.00
Class of securities: Ordinary shares
Nature of transaction: Acceptance of options
granted
Nature and extent of director`s interest: Direct beneficial
Name of company secretary: Noelene de Koker
Date of transaction: 25 March 2008
Number of options: 355 000
Option strike price: R0.80
Exercise period: 50% on 1 July 2008
50% on 1 April 2009
Total value: R284,000.00
Class of securities: Ordinary shares
Nature of transaction: Acceptance of options
granted
Nature and extent of company secretary`s
interest: Direct beneficial
Clearance to deal was received in terms of paragraph 3.66 of the
JSE Listings Requirements.
25 March 2008
Designated advisor
Java Capital (Proprietary) Limited
Date: 25/03/2008 16:31:57 Produced by the JSE SENS Department.
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