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SBG
SBG
SBG - Simeka Business Group Limited - Excercise Of Options By Directors
SIMEKA BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/012583/06)
JSE code: SBG ISIN: ZAE000074878
("Simeka")
EXCERCISE OF OPTIONS BY DIRECTORS
Shareholders are advised that the options announced on 25 March 2008 have not
been exercised and have now been cancelled.
In order to align all group executives` share incentives, the following options
have been granted in terms of Simeka`s executive share option scheme on the
basis:
Name of director: Surendranath Singh
Date of transaction: 20 November 2008
Number of options granted: 2 500 000
Option strike price: R0.37
Period of exercise: Waived
Total value: R925 000.00
Class of securities: Options in respect of
ordinary shares
Nature of transaction: Exercise and acceptance
of options granted
Nature and extent of director`s interest: Direct beneficial
Name of director: Madoda Papiyana
Date of transaction: 12 November 2008
Number of options granted: 2 000 000
Option strike price: R0.37
Period of exercise: Waived
Total value: R740 000.00
Class of securities: Options in respect of
ordinary shares
Nature of transaction: Exercise and acceptance
of options granted
Nature and extent of director`s interest: Direct beneficial
Name of director: Alexander Evan
Date of transaction: 12 November 2008
Number of options granted: 2 000 000
Option strike price: R0.37
Period of exercise: Waived
Total value: R740 000.00
Class of securities: Options in respect of
ordinary shares
Nature of transaction: Exercise and acceptance
of options granted
Nature and extent of director`s interest: Direct beneficial
Name of director: Mohammed Varachia
Date of transaction: 12 November 2008
Number of options granted: 4 000 000
Option strike price: R0.37
Period of exercise: Waived
Total value: R1 480 000.00
Class of securities: Options in respect of
ordinary shares
Nature of transaction: Exercise and acceptance
of options granted
Nature and extent of director`s interest: Direct beneficial
Name of director: Noelene January
Date of transaction: 12 November 2008
Number of options granted: 800 000
Option strike price: R0.37
Period of exercise: Waived
Total value: R296 000.00
Class of securities: Options in respect of
ordinary shares
Nature of transaction: Exercise and acceptance
of options granted
Nature and extent of director`s interest: Direct beneficial
Clearance to deal was received in terms of paragraph 3.66 of the
JSE Listings Requirements.
24 November 2008
Designated advisor
Java Capital (Proprietary) Limited
Date: 24/11/2008 16:48:01 Produced by the JSE SENS Department.
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