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BEL
BEL
BEL - Bell Equipment - Acceptance of Options by a Director, a Director of a
Major Subsidiary and the Company Secretary
Bell Equipment Limited
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
Share Code: BEL & ISIN: ZAE000028304
("the Company")
ACCEPTANCE OF OPTIONS BY A DIRECTOR, A DIRECTOR OF A MAJOR SUBSIDIARY AND THE
COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Andre Richard McDuling
Company : Bell Equipment Limited
Date of transaction : 18 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 33,3% 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
Director : Paul Scates
Company : Bell Equipment Sales South Africa
Limited
Date of transaction : 17 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 : 15 000
Option strike price : R10,48 cents
Period of exercise : A maximum of 33,3% is exercisable on
the 3rd anniversary, a further maximum
of 33,3% 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 : R157 200
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Riaan Verster
Company : Bell Equipment Limited
Date of transaction : 18 March 2010
Nature of transaction : Acceptance of options granted to
Company Secretary
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 33,3% 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 interest : Direct beneficial
Clearance obtained : Yes
Richards Bay
18 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/03/2010 10:16:05 Produced by the JSE SENS Department.
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