CDZ
CDZ
CDZ - Cadiz Holdings Limited -Directors` interests
Cadiz Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/007258/06)
Share code: CDZ ISIN: ZAE000017661
DIRECTORS` INTERESTS
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the
following information is disclosed:
Cadiz announces the following conditional award of ordinary shares and A
ordinary shares in the capital of the Company by the Cadiz Black Employee Share
Ownership Trust in terms of the Trust Deed approved at the Annual General
Meeting on 18 August 2008. The award vests 20% per year from years three to
seven. On vesting the shares are subject to a lock in until 1 June 2016. A
premium of 5% of the initial price of 210 cents per shares is payable and the
strike price is the initial price per share increasing by a notional interest
amount equivalent to 75% of prime and decreasing by any distributions per share
made by the Company.
Director: Matthew Nhlapo
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Pty) Ltd
Number: 1 500 000
Issue date: 30 June 2009
Nature of transaction: Equity settled share appreciation rights
plus voting A Ordinary shares
Premium paid: R157 500.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Clearance in terms of paragraph 3.66 has been given by the designated person
Cape Town
1 July 2009
Sponsor: Investec Bank Limited
Date: 01/07/2009 16:55:03 Produced by the JSE SENS Department.
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