CCI - CIC Holdings - Acceptance Of Options By Directors And The
CCI
CCI
CCI - CIC Holdings - Acceptance Of Options By Directors And The
Company Secretary
CIC Holdings Limited
(Incorporated in the Republic of Namibia)
(Registration number 95/502)
(Registered as an external company in the Republic of South Africa)
(Registration number 1996/002672/10)
Share code: CCI & ISIN: NA0009174278
("CIC" or "the Group")
ACCEPTANCE OF OPTIONS BY DIRECTORS AND THE COMPANY SECRETARY
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements,
the following information is disclosed:
On 11 February 2009, the Trustees of The CIC Executive Share Incentive Trust
(2004) approved a regular grant of options for ordinary shares in CIC in terms
of The CIC Executive Share Incentive Trust (2004) ("the Scheme") totaling 800
000 CIC shares at a strike price of 65 cents per share, being the weighted
average trading price of CIC shares on the AltX for the thirty (30) day trading
period immediately preceding the date upon which the options were granted.
This announcement reflects the acceptance, in terms of the Scheme, of the grant
of 800 000 share options as set out in the table below:
Number of share options Value(R)
Executive directors of CIC
T P Rogers 400 000 260 000
F W Britz 300 000 195 000
Company Secretary
J F B Smit 100 000 65 000
Options granted under the scheme will vest at a rate of 20% on each of the first
and second anniversaries of the option date (i.e. 11 February 2009) and at a
rate of 30% on each of the third and fourth anniversaries of the option date.
Clearance to accept these share options was obtained in accordance with Rule
3.66 of the JSE Listings Requirements.
16 February 2009
Designated adviser
Questco Sponsor (Pty) Limited
Corporate adviser
PSG Capital (Pty) Limited
Date: 16/02/2009 14:57:02 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.
