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ELR
ELR
ELR - ELB Group Limited - Acceptance of options by directors of major
subsidiaries
ELB GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06
ISIN: ZAE000035101
Share Code: ELR
(ELB)
ACCEPTANCE OF OPTIONS BY DIRECTORS OF MAJOR SUBSIDIARIES
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Pierre Nel
Company : ELB Equipment Limited
Date of transaction : 04 October 2010
Nature of transaction : Off market acceptance of options granted
in terms of the ELB Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options : 10,000
Option strike price : 1289 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 : R128,900
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Desmond Raymond Van Heerden
Company : ELB Equipment Limited
Date of transaction : 03 October 2010
Nature of transaction : Off market acceptance of options granted
in terms of the ELB Share Incentive Scheme
Class of securities : Options in respect of ordinary shares
Number of options : 10,000
Option strike price : 1289 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 : R128,900
Nature of interest : Direct beneficial
Clearance obtained : Yes
Boksburg
5 October 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/10/2010 10:14:01 Produced by the JSE SENS Department.
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