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GDF
GDF
GDF - Gold Reef Resorts Limited - Directors` dealings in Gold Reef securities
Gold Reef Resorts Limited
(Incorporated in the Republic of South Africa)
Registration number 1989/002108/06
Share Code: GDF
ISIN: ZAE000028338
("Gold Reef" or "the Company")
Directors` dealings in Gold Reef securities
In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, we hereby advise the following dealings by directors in Gold Reef
securities:
Name of director S B Joffe
Designation Chief Executive Officer
Company of which a director Gold Reef
Date of transaction 16 April 2010
Nature of transactions Exercise of share options in terms of
Clause 17.3 of the Gold Reef Share Scheme
Class of securities: Ordinary shares
Strike price per share: R17.00
Number of shares: 389 565 ordinary shares
Total value of transaction: R6 622 605
Vesting period: The first tranche of 33,3% vests 2 years
after the options were granted. The second
tranche of 33,3% vests 3 years after the
options were granted. The third tranche of
33,3% vests 4 years after the options were
granted.
Nature of interest: Direct beneficial
Clearance to deal: Yes
The above trade was effected off-market.
Name of director J S Friedman
Designation Financial Director
Company of which a director Gold Reef
Date of transaction 16 April 2010
Nature of transactions Exercise of share options in terms of
Clause 17.3 of the Gold Reef Share Scheme
Class of securities: Ordinary shares
Strike price per share: R17.00
Number of shares: 210 435 ordinary shares
Total value of transaction: R3 577 395
Vesting period: The first tranche of 33,3% vests 2 years
after the options were granted. The second
tranche of 33,3% vests 3 years after the
options were granted. The third tranche of
33,3% vests 4 years after the options were
granted.
Nature of interest: Direct beneficial
Clearance to deal: Yes
The above trade was effected off-market.
Name of director C Neuberger
Designation Chief Operating Officer
Company of which a director Gold Reef
Date of transaction 16 April 2010
Nature of transactions Exercise of share options in terms of
Clause 17.3 of the Gold Reef Share Scheme
Class of securities: Ordinary shares
Strike price per share: R17.00
Number of shares: 231 884 ordinary shares
Total value of transaction: R3 942 028
Vesting period: The first tranche of 33,3% vests 2 years
after the options were granted. The second
tranche of 33,3% vests 3 years after the
options were granted. The third tranche of
33,3% vests 4 years after the options were
granted.
Nature of interest: Direct beneficial
Clearance to deal: Yes
The above trade was effected off-market.
Name of director T M Sadiki
Designation Human Resources Director
Company of which a director Gold Reef
Date of transaction 16 April 2010
Nature of transactions Exercise of share options in terms of
Clause 17.3 of the Gold Reef Share Scheme
Class of securities: Ordinary shares
Strike price per share: R17.00
Number of shares: 139 130 ordinary shares
Total value of transaction: R2 365 210
Vesting period: The first tranche of 33,3% vests 2 years
after the options were granted. The second
tranche of 33,3% vests 3 years after the
options were granted. The third tranche of
33,3% vests 4 years after the options were
granted.
Nature of interest: Direct beneficial
Clearance to deal: Yes
The above trade was effected off-market.
Johannesburg
16 April 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 16/04/2010 16:57:40 Produced by the JSE SENS Department.
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