BEL - Bell Equipment - Acceptance of options by a director of a major subsidiary
BEL
BEL
BEL - Bell Equipment - Acceptance of options by a director of a major subsidiary
Bell Equipment Limited
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
Share Code: BEL ISIN: ZAE000028304
ACCEPTANCE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Jacobus Johannes (Bokkie) Coertze
Company : Bell Equipment Sales SA Limited
Date of transaction : 16 March 2010
Nature of transaction : Acceptance of options granted to the
director
Class of securities : Options in respect of ordinary shares
Number of options granted : 100 000
Option strike price : R10,48 cents
Period of exercise : A maximum of 33,3% is exercisable on
the 3rd anniversary, a further maximum
of R33,3% is exercisable on the 5th
anniversary and the balance is exercisable on
the 7th anniversary Vesting details On
exercise of the options
Total value of transaction : R1 048 000
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Richards Bay
17 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/03/2010 09:45:07 Produced by the JSE SENS Department.
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