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Fri 12 Dec 2008, 11:33 AFR - AFGRI Limited - Acceptance And Exercise Of Options By Directors
AFR
AFR                                                                             
AFR - AFGRI Limited - Acceptance And Exercise Of Options By Directors           
                   And Company Secretary                                        
AFGRI Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number: 1995/004030/06                                             
ISIN: ZAE000040549                                                              
Share Code: AFR                                                                 
("AFGRI")                                                                       
ACCEPTANCE AND EXERCISE OF OPTIONS BY DIRECTORS AND COMPANY SECRETARY           
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director:                      CP Venter                                       
 Company:                       AFGRI                                           
 Date of transaction:           11 December 2008                                
 Nature of transaction:         Acceptance and exercise of options              
with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
                                shares                                          
 Vesting:                       20% per annum over the next 5 years             
Number of options exercised:   384 700                                         
 Option strike price:           R4.62                                           
 Value of transaction:          R 1 777 314.00                                  
 Nature of interest:            Direct beneficial                               
Clearance obtained:            Yes                                             
 Director:                      JA van der Schyff                               
 Company:                       AFGRI                                           
 Date of transaction:           11 December 2008                                
Nature of transaction:         Acceptance and exercise of options              
                                with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
                                shares                                          
Vesting:                       20% per annum over the next 5 years             
 Number of options exercised:   502000                                          
 Option strike price:           R4.62                                           
 Value of transaction:          R2 319 240.00                                   
Nature of interest:            Direct beneficial                               
 Clearance obtained:            Yes                                             
 Director:                      MI Mogari                                       
 Company:                       AFGRI                                           
Date of transaction:           11 December 2008                                
 Nature of transaction:         Acceptance and exercise of options              
                                with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
shares                                          
 Vesting:                       20% per annum over the next 5 years             
 Number of options exercised:   229 200                                         
 Option strike price:           R 4.62                                          
Value of transaction:          R1 058 904.00                                   
 Nature of interest:            Direct beneficial                               
 Clearance obtained:            Yes                                             
 Director:                      LJ Smit                                         
Company:                       Afgri Operations Limited (a major               
                                subsidiary of AFGRI)                            
 Date of transaction:           11 December 2008                                
 Nature of transaction:         Acceptance and exercise of options              
with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
                                shares                                          
 Vesting:                       20% per annum over the next 5 years             
Number of options exercised:   330 900                                         
 Option strike price:           R4.62                                           
 Value of transaction:          R1 528 758.00                                   
 Nature of interest:            Direct beneficial                               
Clearance obtained:            Yes                                             
 Director:                      L Wolthers                                      
 Company:                       Afgri Operations Limited (a major               
                                subsidiary of AFGRI)                            
Date of transaction:           11 December 2008                                
 Nature of transaction:         Acceptance and exercise of options              
                                with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
shares                                          
 Vesting:                       20% per annum over the next 5 years             
 Number of options exercised:   321 900                                         
 Option strike price:           R4.62                                           
Value of transaction:          R1 487 178.00                                   
 Nature of interest:            Direct beneficial                               
 Clearance obtained:            Yes                                             
 Director:                      H Bloem                                         
Company:                       Afgri Operations Limited (a major               
                                subsidiary of AFGRI)                            
 Date of transaction:           11 December 2008                                
 Nature of transaction:         Acceptance and exercise of options              
with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
                                shares                                          
 Vesting:                       20% per annum over the next 5 years             
Number of options exercised:   248 400                                         
 Option strike price:           R4.62                                           
 Value of transaction:          R 1 147 608.00                                  
 Nature of interest:            Direct beneficial                               
Clearance obtained:            Yes                                             
 Director:                      JH Mooney                                       
 Company:                       Afgri Operations Limited (a major               
                                subsidiary of AFGRI)                            
Date of transaction:           11 December 2008                                
 Nature of transaction:         Acceptance and exercise of options              
                                with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
shares                                          
 Vesting:                       20% per annum over the next 5 years             
 Number of options exercised:   240 800                                         
 Option strike price:           R4.62                                           
Value of transaction:          R1 112 496.00                                   
 Nature of interest:            Direct beneficial                               
 Clearance obtained:            Yes                                             
 Director:                      W Mentz                                         
Company:                       Afgri Operations Limited (a major               
                                subsidiary of AFGRI)                            
 Date of transaction:           11 December 2008                                
 Nature of transaction:         Acceptance and exercise of options              
with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
                                shares                                          
 Vesting:                       20% per annum over the next 5 years             
Number of options exercised:   276 000                                         
 Option strike price:           R4.62                                           
 Value of transaction:          R 1 275 120.00                                  
 Nature of interest:            Direct beneficial                               
Clearance obtained:            Yes                                             
 Company Secretary (interim):   PJP Badenhorst                                  
 Company:                       AFGRI                                           
 Date of transaction:           11 December 2008                                
Nature of transaction:         Acceptance and exercise of options              
                                with a deferred right to sell                   
 Class of securities:           Options in respect of ordinary                  
                                shares                                          
Vesting:                       20% per annum over the next 5 years             
 Number of options exercised:   150 000                                         
 Option strike price:           R4.62                                           
 Value of transaction:          R 693 000.00                                    
Nature of interest:            Direct beneficial                               
 Clearance obtained:            Yes                                             
Johannesburg                                                                    
12 December 2008                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 12/12/2008 11:33:19 Produced by the JSE SENS Department.                  
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