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MTL
MTL
MTL - Mercantile - Directors` Dealings - Acceptances Of Grants Of
Conditional Awards
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/000164/06)
Share code: MTL & ISIN: ZAE000064721
("Mercantile")
DIRECTORS` DEALINGS - ACCEPTANCES OF GRANTS OF CONDITIONAL AWARDS
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of
the JSE Limited, the following information regarding acceptances of the
Grant of Mercantile Bank Holdings Limited Conditional Awards are disclosed:
Name of director: D J Brown
Effective Date of acceptance: 27 May 2008
Number of Conditional Awards: 7 600 000
Total value: R 2 411 480 (based on Market Value on
Grant
Date)
Class of securities: Ordinary shares of 1 cent each
Nature of transaction: Acceptance of Grant of Conditional Awards
Extent of interest: Direct beneficial
Clearance was given: Grant of Conditional Awards was approved
by the Board on
22 February 2008.
Name of Company Secretary: R van Rensburg
Effective Date of acceptance: 27 May 2008
Number of Conditional Awards: 1 080 000
Total value: R 342 684 (based on Market Value on Grant
Date)
Class of securities: Ordinary shares of 1 cent each
Nature of transaction: Acceptance of Grant of Conditional Awards
Extent of interest: Direct beneficial
Clearance was given: Grant of Conditional Awards was approved
by the Board on
22 February 2008.
In terms of the rules of the Conditional Share Plan, the Conditional Awards
vest after three years and on verification that the performance conditions
have been met and after confirmation by the Board that the performance
conditions have been fulfilled.
27 May 2008
Johannesburg
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 27/05/2008 13:45:01 Produced by the JSE SENS Department.
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