| Tue 25 May 2010, 14:57 | | JSE - JSE Limited - Grant And Acceptance Of Shares Under Long Term |
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JSE
JSE
JSE - JSE Limited - Grant And Acceptance Of Shares Under Long Term
Incentive Scheme 2010 ("LTIS 2010") And Dealing In Securities By
Directors
JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
ISIN: ZAE000079711
Share Code: JSE
("JSE" or "the Company" or "the Group")
GRANT AND ACCEPTANCE OF SHARES UNDER LONG TERM INCENTIVE SCHEME 2010 ("LTIS
2010") AND DEALING IN SECURITIES BY DIRECTORS
1) GRANT AND ACCEPTANCE OF SHARE AWARDS UNDER LTIS 2010
Members of the JSE`s executive committee, which includes the executive
directors and Company Secretary, have been granted restricted shares in the
Company, in accordance with the terms of the Company`s new long term
incentive and retention scheme as follows:
a) Retention shares, the vesting of which are subject to an executive
committee member remaining in the employ of the JSE for the vesting term:
Executive Number of Value of JSE Holding
Committee JSE ordinary
member ordinary shares
shares
LOUBSER 15,200 R1,010,496.00 Direct beneficial
NEWTON-KING 8,700 R578,376.00 Direct beneficial
PARSONS 8,700 R578,376.00 Direct beneficial
BURKE 8,500 R565,080.00 Direct beneficial
EVANS 6,500 R432,120.00 Direct beneficial
MOLOI 4,000 R265,920.00 Direct beneficial
IMMELMAN 5,100 R339,048.00 Direct beneficial
GREENHILL 5,100 R339,048.00 Direct beneficial
DLAMINI 5,100 R339,048.00 Direct beneficial
FORSSMAN 5,300 R352,344.00 Direct beneficial
GRAVELET- 5,600 R372,288.00 Direct beneficial
BLONDIN
CLARKE 5,700 R378,936.00 Direct beneficial
DAVIES 5,700 R378,936.00 Direct beneficial
VAN WAMELEN 6,900 R458,712.00 Direct beneficial
ROTHSCHILD 5,700 R378,936.00 Direct beneficial
SMALE 7,300 R485,304.00 Direct beneficial
DAVIDSON 7,500 R498,600.00 Direct beneficial
THOMSON 7,500 R498,600.00 Direct beneficial
b) Performance shares, the vesting of which are subject to both corporate
performance conditions and an executive remaining in the employ of the JSE
for the vesting term:
Executive Number of Value of JSE Holding
Committee JSE ordinary shares
member ordinary
shares
LOUBSER 30,300 R2,014,344.00 Direct beneficial
NEWTON-KING 13,100 R870,888.00 Direct beneficial
PARSONS 13,100 R870,888.00 Direct beneficial
BURKE 12,700 R844,296.00 Direct beneficial
EVANS 9,800 R651,504.00 Direct beneficial
MOLOI 4,000 R265,920.00 Direct beneficial
IMMELMAN 5,100 R339,048.00 Direct beneficial
GREENHILL 5,100 R339,048.00 Direct beneficial
DLAMINI 5,100 R339,048.00 Direct beneficial
FORSSMAN 5,300 R352,344.00 Direct beneficial
GRAVELET- 5,600 R372,288.00 Direct beneficial
BLONDIN
CLARKE 5,700 R378,936.00 Direct beneficial
DAVIES 5,700 R378,936.00 Direct beneficial
VAN WAMELEN 6,900 R458,712.00 Direct beneficial
ROTHSCHILD 5,700 R378,936.00 Direct beneficial
SMALE 7,300 R485,304.00 Direct beneficial
DAVIDSON 7,500 R498,600.00 Direct beneficial
THOMSON 7,500 R498,600.00 Direct beneficial
One-half of the retention and performance shares will vest on
1 May 2013 and the remaining half on 1 May 2014, subject to the applicable
vesting conditions being achieved. All share awards are subject to the LTIS
2010 Rules, as approved by shareholders at the annual general meeting held
on 22 April 2010.
Approval for the individual allocations and clearance to transact has been
granted by the Chairman of the Board.
All individual allocations as indicated above have been accepted by the
members of the executive committee on 25 May 2010.
2) DEALING IN SECURITIES BY DIRECTORS
The JSE LTIS 2010 TRUST (the "Trust") has acquired a total of 482 900 JSE
ordinary shares on the open market on 21 May 2010 in order to fulfil the
above share awards granted to members of the executive committee and other
senior members of JSE staff.
The permission to acquire JSE ordinary shares in the open market was granted
by shareholders in terms of special resolution #1 as approved by the
requisite majority of shareholders at the AGM on 22 April 2010.
These ordinary shares are held in trust and are restricted until all vesting
conditions are fulfilled whereupon the shares vest. Should the vesting
conditions not be fulfilled the share awards are forfeited.
These JSE ordinary shares were acquired at a volume-weighted average price
of R66.48 per ordinary share (high for day: 6650 and low for the day: 6545).
Sandton
25 May 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/05/2010 14:57:20 Produced by the JSE SENS Department.
