| Thu 7 Jan 2010, 7:05 | | CDZ - Cadiz Holdings Limited -Directors` Interests |
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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:
In 2004 the Share Trusts delivered ordinary shares in the capital of the company
to the following directors which vested 20% per year on the 6 January from years
three to seven. Funding for the purchase was provided by the trusts with
interest accruing at the fringe benefits tax rate, subject to the proviso that
all distributions be applied to reduce the debt. On 06 January 2010 the
following directors took delivery of the fourth tranche of vested shares for
settlement of the outstanding debt:
Director: Dan Ahern
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Securities (Proprietary) Limited
Number of shares: 90,000
Debt: R219,825.00
Shares sold 68,695
Price: 3.20
Proceeds: R219,825.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Frank Cadiz
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Asset Management(Pty) Limited
Number of shares: 180,000
Debt: R439,650.00
Shares sold 137,391
Price: 3.20
Proceeds R439,650.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Evan Jones
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Asset Management(Pty) Limited
Number of shares: 70,000
Debt: R170,975.00
Shares sold 53,430
Price: 3.20
Proceeds: R170,975.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Kevin Morley
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Securities (Proprietary) Limited
Number of shares: 90,000
Debt: R219,825.00
Shares sold 68,695
Price: 3.20
Proceeds: R219,825.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Matthew Nhlapo
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Proprietary) Limited
Number of shares: 30,000
Debt: R73,275.00
Shares sold 30,000
Price: 3.20
Proceeds; R96,000.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Fraser Shaw
Company: Cadiz Holdings Limited
Number of shares: 60,000
Debt: R146,550.00
Shares sold 45,797
Price: 3.20
Proceeds: R146,550.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Phil Sturgess
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Asset Management(Pty) Limited
Number of shares: 50,000
Debt: R122,125.00
Shares sold 38,164
Price: 3.20
Proceeds: R122,125.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: James Walsh
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Proprietary) Limited
Number of shares 40,000
Debt: R97,700.00
Shares sold 40,000
Price: 3.20
Proceeds: R128,000.00
Class of shares: Ordinary
Nature of interest Direct beneficial
Clearance in terms of paragraph 3.66 has been given by the designated person.
7 January 2010
Sponsor: Investec Bank Limited
Date: 07/01/2010 07:05:04 Produced by the JSE SENS Department.
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