| Mon 31 Aug 2009, 17:00 | | VOX - Vox Telecom Limited - Dealing in Securities by Directors |
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VOX
VOX
VOX - Vox Telecom Limited - Dealing in Securities by Directors
VOX TELECOM LIMITED
(Registration number: 1998/016433/06)
("Vox Telecom")
JSE Code: VOX & ISIN Code: ZAE000097234
DEALING IN SECURITIES BY DIRECTORS
Shareholders are referred to the Vox Telecom Limited 2009 Share Plan as detailed
in the Vox Telecom circular dated 29 July 2009 ("the Share Plan") and the
announcement released on SENS regarding the approval of, inter alia, the Share
Plan by the requisite majority shareholders present and voting, in person or by
proxy at a general meeting of shareholders of Vox Telecom held on 20 August
2009.
The Share Plan provided for the allocation of 38 797 559 share appreciation
rights ("SAR`s") to eligible employees on 31 August 2009. These SAR`s will be
available to be settled in equal thirds on the 3rd, 4th and 5th anniversaries
but need not be exercised until the 6th anniversary, at which time they must be
exercised or they will lapse. On settlement of those SAR`s that have vested and
are to be exercised, the value accruing to participants will be the full
appreciation of Vox Telecom`s share price(the difference between the allocation
price and the fair market value of a Vox Telecom share on the date of exercise
as defined in the Share Plan), which value will be settled in cash or Vox
Telecom shares of equivalent value as at exercise.
The executive directors formed part of the total number of eligible employees
participating under the Share Plan and accordingly, in compliance with sections
3.63 - 3.74 of the Listings Requirements of the JSE Limited, the following
information is disclosed:
Name of Director: D G Reed
Name of Company/Subsidiary Company: Vox Telecom
Date of Transaction: 31 August 2009
Type of Securities: SAR`s in terms of the Share Plan
Allocation Price: 54.2 cents per SAR
Number of SAR`s allocated: 8 000 000
Total Value of SAR`s allocated: R4 336 000
Nature of Transaction: Allocation of SAR`s
Extent of Interest: Direct, beneficial
Clearance Given: Yes
Name of Director: A P van Marken
Name of Company/Subsidiary Company: Vox Telecom
Date of Transaction: 31 August 2009
Type of Securities: SAR`s in terms of the Share Plan
Allocation Price: 54.2 cents per SAR
Number of SAR`s allocated: 4 000 000
Total Value of SAR`s allocated: R2 168 000
Nature of Transaction: Allocation of SAR`s
Extent of Interest: Direct, beneficial
Clearance Given: Yes
Name of Director: C M von Holdt
Name of Company/Subsidiary Company: Vox Telecom
Date of Transaction: 31 August 2009
Type of Securities: SAR`s in terms of the Share Plan
Allocation Price: 54.2 cents per SAR
Number of SAR`s allocated: 2 000 000
Total Value of SAR`s allocated: R1 084 000
Nature of Transaction: Allocation of SAR`s
Extent of Interest: Direct, beneficial
Clearance Given: Yes
Name of Director: G P Sweidan (Director of major
subsidiary)
Name of Company/Subsidiary Company: Vox DataPro
Date of Transaction: 31 August 2009
Type of Securities: SAR`s in terms of the Share Plan
Allocation Price: 54.2 cents per SAR
Number of SAR`s allocated: 2 000 000
Total Value of SAR`s allocated: R1 084 000
Nature of Transaction: Allocation of SAR`s
Extent of Interest: Direct, beneficial
Clearance Given: Yes
Name of Director: J A du Toit (Director of major
subsidiary)
Name of Company/Subsidiary Company: Vox Orion
Date of Transaction: 31 August 2009
Type of Securities: SAR`s in terms of the Share Plan
Allocation Price: 54.2 cents per SAR
Number of SAR`s allocated: 4 000 000
Total Value of SAR`s allocated: R2 168 000
Nature of Transaction: Allocation of SAR`s
Extent of Interest: Direct, beneficial
Clearance Given: Yes
Johannesburg
31 August 2009
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 31/08/2009 17:00:01 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
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