ELR - ELB Group Limited - Acceptance of options by director of a major
ELR
ELR
ELR - ELB Group Limited - Acceptance of options by director 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)
ACCEPTANCE OF OPTIONS BY DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Cornelius Johannes Smith
Company : ELB Equipment Limited
Date of transaction : 11 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 : 20,000
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 : R257,800
Nature of interest : Direct beneficial
Clearance obtained : Yes
Boksburg
14 October 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/10/2010 10:59:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
