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 : Guy Harris
Company : Bell Equipment Sales SA Ltd
Date of transaction : 15 April 2010
Nature of transaction : Acceptance of options granted to
the director
Class of securities : Options in respect of ordinary
shares
Number of options granted : 50 000
Option strike price : R10,48
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 : R524 000,00
Nature of director`s interest : Direct beneficial
Clearance obtained : Yes
Richards Bay
15 April 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/04/2010 09:49:01 Produced by the JSE SENS Department.
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