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BCX
BCX
BCX - Business Connexion - Acceptance Of Options By A Directors And Company
Secretary
Business Connexion Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX
ISIN: ZAE000054631
("Business Connexion" or "the Group")
ACCEPTANCE OF OPTIONS BY A DIRECTORS AND COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : LB Mophatlane (CEO)
Company : Business Connexion Group
Limited
Date of transaction : 1 June 2009
Nature of transaction : Acceptance of options granted
to the director
Class of securities : Options in respect of ordinary
shares
Number of options granted : 2 300 000
Option strike price : R3.26
Period of exercise : A maximum of 33.33% is
exercisable on the 3rd
anniversary;
A maximum of 33.33% is
exercisable on the 4th
anniversary;
A maximum of 33.33% is
exercisable on the 5th
anniversary.
Vesting : On exercise of the options
Total value of transaction : R7 498 000
Nature of director`s : Direct beneficial
interest
Clearance obtained : Yes
Director : MW Schoeman (CFO)
Company : Business Connexion Group
Limited
Date of transaction : 1 June 2009
Nature of transaction : Acceptance of options granted
to the director
Class of securities : Options in respect of ordinary
shares
Number of options granted : 1 688 700
Option strike price : R3.26
Period of exercise A maximum of 33.33% is
exercisable on the 3rd
anniversary;
A maximum of 33.33% is
exercisable on the 4th
anniversary;
A maximum of 33.33% is
exercisable on the 5th
anniversary.
Vesting : On exercise of the options
Total value of transaction : R5 505 162
Nature of director`s : Direct beneficial
interest
Clearance obtained : Yes
Group Company Secretary : J de Koker
Company : Business Connexion Group
Limited
Date of transaction : 1 June 2009
Nature of transaction : Acceptance of options granted
to the Group Company Secretary
Class of securities : Options in respect of ordinary
shares
Number of options granted : 114 800
Option strike price : R3.26
Period of exercise : A maximum of 33.33% is
exercisable on the 3rd
anniversary;
A maximum of 33.33% is
exercisable on the 4th
anniversary;
A maximum of 33.33% is
exercisable on the 5th
anniversary.
Vesting : On exercise of the options
Total value of transaction : R374 248
Nature of interest : Direct beneficial
Clearance obtained : Yes
Midrand
29 May 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/05/2009 17:29:23 Produced by the JSE SENS Department.
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