ELR - ELB Group Limited - Exercise of options by the company secretary
ELR
ELR
ELR - ELB Group Limited - Exercise of options by the company secretary
ELB GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
ISIN: ZAE000035101
Share Code: ELR
("ELB")
EXERCISE OF OPTIONS BY THE COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Company secretary : David Graham Jones
Company : ELB Group Limited
Date of exercise : 22 September 2010
Nature of transaction : Off-market exercise of options granted in
terms of the ELB Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options : 40 000
Option strike price : 1250 cents per share
Period of exercise : Expires 10 years from date of
acceptance
Vesting : A maximum of 20% vests on the 1st anniversary
of date of acceptance
A maximum of 40% vests on the 2nd anniversary
of date of acceptance
A maximum of 60% vests on the 3rd anniversary
of date of acceptance
A maximum of 80% vests on the 4th anniversary
of date of acceptance
A maximum of 100% vests on the 5th
anniversary of date of acceptance
Total value of transaction : R500 000
Nature of company secretary`s
interest : Direct beneficial
Clearance obtained : Yes
Boksburg
27 September 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/09/2010 12:36:02 Produced by the JSE SENS Department.
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