MTL
MTL
MTL - Mercantile - Directors` Dealings
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: 24 March 2009
Number of Conditional Awards: 5 000 000
Total value: R1 300 000 (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 24 February 2009.
Name of Company Secretary: R van Rensburg
Effective Date of acceptance: 24 March 2009
Number of Conditional Awards: 660 000
Total value: R171 600 (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 24 February 2009.
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.
24 March 2009
Johannesburg
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 24/03/2009 12:58:01 Produced by the JSE SENS Department.
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