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SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Acceptance of options by a director
Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN Code: ZAE000006722
("Simmers" or the "Company")
ACCEPTANCE OF OPTIONS BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : N Schoeman
Company : Simmer & Jack Mines, Limited
Date of transaction : 31 August 2010
Nature of transaction : Acceptance of options granted to the
director
Class of securities : Options in respect of
ordinary shares
Number of options granted : 150,000
Option price : 108 cents
Period of exercise : 6 years
Vesting : In 3 equal tranches (33.33% on 13 April
2011, 33.33% on 13 April 2012 and 33.33%
on 13 April 2013)
Total value of transaction : R162,000
Nature of director`s interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : Off market
Director : M Saaiman
Company : Simmer & Jack Mines, Limited
Date of transaction : 30 August 2010
Nature of transaction : Acceptance of options granted to the
director
Class of securities : Options in respect of
ordinary shares
Number of options granted : 3,000,000
Option price : 96 cents
Period of exercise : 6 years
Vesting : In 3 equal tranches (33.33% on 24 June
2011, 33.33% on 24 June 2012 and 33.33%
on 24 June 2013)
Total value of transaction : R2,880,000
Nature of director`s interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : Off market
Johannesburg
1 September 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/09/2010 15:03:01 Produced by the JSE SENS Department.
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