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Thu 30 Sep 2010, 17:24 AEG - Aveng Limited - Directors dealing in securities
AEG
AEG                                                                             
AEG - Aveng Limited - Directors dealing in securities                           
AVENG LIMITED                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1944/018119/06)                                           
ISIN: ZAE000111829                                                              
SHARE CODE: AEG                                                                 
("The Aveng Group" or "Group")                                                  
DIRECTORS DEALING IN SECURITIES                                                 
In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the
following information relating to the granting of share options to directors is 
disclosed:                                                                      
Name of Director                     WR Jardine                                 
Name of company of which he is a     Aveng Limited                              
director                                                                        
Date options granted                 9 September 2010                           
Date options accepted                29 September 2010                          
Class of security                    Options over ordinary shares               
Number of options                    216 084                                    
Strike price                         3770 cps                                   
Value of the grant                   R8 146 366.80                              
Vesting Period                       Over 4 years commencing 9                  
                                    September 2012                              
Nature of Interest                   Direct beneficial                          
Clearance obtained                   Yes                                        
                                                                                
Name of Director                     JJA Mashaba                                
Name of company of which he is a     Aveng Limited                              
director                                                                        
Date options granted                 9 September 2010                           
Date options accepted                29 September 2010                          
Class of security                    Options over ordinary shares               
Number of options                    73 944                                     
Strike price                         3770 cps                                   
Value of the grant                   R2 787 688.80                              
Vesting Period                       Over 4 years commencing 9                  
September 2012                              
Nature of Interest                   Direct beneficial                          
Clearance obtained                   Yes                                        
                                                                                
Name of Director                      DG Robinson                               
Name of company of which he is a      Aveng Limited                             
director                                                                        
Date options granted                  9 September 2010                          
Date options accepted                 29 September 2010                         
Class of security                     Options over ordinary shares              
Number of options                     66 597                                    
Strike price                          3770 cps                                  
Value of the grant                    R2 510 706.90                             
Vesting Period                        Over 4 years commencing 9                 
                                     September 2012                             
Nature of Interest                    Direct beneficial                         
Clearance obtained                    Yes                                       
                                                                                
Name of Director                      HJ Verster                                
Name of company of which he is a      Aveng Limited                             
director                                                                        
Date options granted                  9 September 2010                          
Date options accepted                 29 September 2010                         
Class of security                     Options over ordinary shares              
Number of options                     264 987                                   
Strike price                          3770 cps                                  
Value of the grant                    R9 990 009.90                             
Vesting Period                        Over 4 years commencing 9                 
September 2012                             
Nature of Interest                    Direct beneficial                         
Clearance obtained                    Yes                                       
                                                                                
Name of company secretary             KE Robinson                               
Name of company                       Aveng Limited                             
Date options granted                  9 September 2010                          
Date options accepted                 29 September 2010                         
Class of security                     Options over ordinary shares              
Number of options                     50 398                                    
Strike price                          3770 cps                                  
Value of the grant                    R1 900 004.60                             
Vesting Period                        Over 4 years commencing 9                 
                                     September 2012                             
Nature of Interest                    Direct beneficial                         
Clearance obtained                    Yes                                       
The following information relating to the granting of share options to directors
of major subsidiaries is disclosed:                                             
Name of Director                       RW Hissey                                
Name of company of which he is a                                                
director                               Trident Steel Holdings (Pty)             
                                      Limited                                   
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      26 112                                   
Strike price                           3770 cps                                 
Value of the grant                     R984 422.40                              
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
Name of Director                       GJJ Nel                                  
Name of company of which he is a       Trident Steel Holdings (Pty)             
director                               Limited                                  
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      18 468                                   
Strike price                           3770 cps                                 
Value of the grant                     R696 243.60                              
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       N Ntsunguzi                              
Name of company of which she is a      Trident Steel Holdings (Pty)             
director                               Limited                                  
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      5735                                     
Strike price                           3770 cps                                 
Value of the grant                     R216 209.50                              
Vesting Period                         Over 4 years commencing 9                
September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       TT Terblanche                            
Name of company of which he is a                                                
director                               Trident Steel Holdings (Pty)             
                                      Limited                                   
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      55 369                                   
Strike price                           3770 cps                                 
Value of the grant                     R2 087 411.30                            
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       CV Werner                                
Name of company of which he is a                                                
director                               Trident Steel Holdings (Pty)             
                                      Limited                                   
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      16 873                                   
Strike price                           3770 cps                                 
Value of the grant                     R636 112.10                              
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       LS Letsoalo                              
Name of company of which he is a                                                
director                               Aveng (Africa) Limited                   
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      66 313                                   
Strike price                           3770 cps                                 
Value of the grant                     R2 500 000.10                            
Vesting Period                         Over 4 years commencing 9                
September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       FP Saieva                                
Name of company of which he is a                                                
director                               Aveng (Africa) Limited                   
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      75 385                                   
Strike price                           3770 cps                                 
Value of the grant                     R2 842 014.50                            
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                        BW Wilmot                               
Name of company of which he is a                                                
director                               Aveng (Africa) Limited                   
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      55 628                                   
Strike price                           3770 cps                                 
Value of the grant                     R2 097 175.60                            
Vesting Period                         Over 4 years commencing 9                
September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                        D Morrison                              
Name of company of which he is a       McConnell Dowell Corporation             
director                               Limited                                  
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      20 567                                   
Strike price                           3770 cps                                 
Value of the grant                     R775 375.90                              
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       CJD Hall                                 
Name of company of which he is a                                                
director                               McConnell Dowell Corporation Limited     
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      20 567                                   
Strike price                           3770 cps                                 
Value of the grant                     R775 375.90                              
Vesting Period                         Over 4 years commencing 9 September      
2012                                      
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       M Twycross                               
Name of company of which he is a                                                
director                               McConnell Dowell Corporation Limited     
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      17 421                                   
Strike price                           3770 cps                                 
Value of the grant                     R656 771.70                              
Vesting Period                         Over 4 years commencing 9 September      
                                      2012                                      
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                       J Hearst                                 
Name of company of which he is a       McConnell Dowell Corporation Limited     
director                                                                        
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      17 685                                   
Strike price                           3770 cps                                 
Value of the grant                     R666 724.50                              
Vesting Period                         Over 4 years commencing 9 September      
2012                                      
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                        D Logan                                 
Name of company of which he is a       McConnell Dowell Corporation             
director                               Limited                                  
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      11 629                                   
Strike price                           3770 cps                                 
Value of the grant                     R438 413.30                              
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                        A Jenkins                               
Name of company of which she is a      McConnell Dowell Corporation             
director                               Limited                                  
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      6 341                                    
Strike price                           3770 cps                                 
Value of the grant                     R239 055.70                              
Vesting Period                         Over 4 years commencing 9                
September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Name of Director                        G Jackson                               
Name of company of which he is a       McConnell Dowell Corporation             
director                               Limited                                  
Date options granted                   9 September 2010                         
Date options accepted                  29 September 2010                        
Class of security                      Options over ordinary shares             
Number of options                      8 118                                    
Strike price                           3770 cps                                 
Value of the grant                     R306 048.60                              
Vesting Period                         Over 4 years commencing 9                
                                      September 2012                            
Nature of Interest                     Direct beneficial                        
Clearance obtained                     Yes                                      
                                                                                
Sandton                                                                         
30 September 2010                                                               
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 30/09/2010 17:24:56 Produced by the JSE SENS Department.                  
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