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ELR
ELR
ELR - ELB Group Limited - Exercise of options by directors of a major subsidiary
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 DIRECTORS OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Gareth Lawrence
Company : ELB Engineering Services (Pty) Limited
Date of transaction : 07 October 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 : 30,000
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 : R375,000
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Jolandi Salomons
Company : ELB Engineering Services (Pty) Limited
Date of transaction : 07 October 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 : 14,000
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 : R175,000
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Antonio MM Pinto
Company : ELB Engineering Services (Pty) Limited
Date of transaction : 04 October 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 : 30,000
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 : R375,000
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Stephen John Meijers
Company : ELB Engineering Services (Pty) Limited
Date of transaction : 04 October 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 : 200,000
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 : R2,500,000
Nature of interest : Direct beneficial
Clearance obtained : Yes
Boksburg
8 October 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/10/2010 15:52:01 Produced by the JSE SENS Department.
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