ELR - ELB Group Limited - Acceptance Of Options By Director
ELR
ELR
ELR - ELB Group Limited - Acceptance Of Options By Director
ELB Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
ISIN: ZAE000035101
Share Code: ELR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Peter John Blunden
Company : ELB Group Limited
Date of transaction : 2 April 2008
Nature of transaction : Acceptance of options granted in
terms of the ELB Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options : 500 000
Option strike price : 1250 cents per share
Period of exercise : Expires 10 years from date
of acceptance
Vesting : A maximum of 20% vests on the
1st anniversary of date of acceptance
A maximum of 40% vests on the 2nd anniversary
of date of acceptance
A maximum of 60% vests on the 3rd anniversary
of date of acceptance
A maximum of 80% vests on the 4th anniversary
of date of acceptance
A maximum of 100% vests on the 5th
anniversary of date of acceptance
Total value of transaction : R6 250 000
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Boksburg
2 April 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/04/2008 17:41:34 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
