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DST
DST
DST - Distell Group Limited - Acceptance of share appreciation rights ("SAR") by
directors and the company secretary
DISTELL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1988/005808/06)
ISIN: ZAE000028668
Share Code: DST
("Distell")
ACCEPTANCE OF SHARE APPRECIATION RIGHTS ("SAR") BY DIRECTORS AND THE COMPANY
SECRETARY
Executive directors and the company secretary of Distell, and directors of
Distell Limited (a major subsidiary of Distell Group Limited) accepted SARs (in
respect of ordinary shares) on 21 October 2010 at a grant price of R72-00 per
SAR, which is based on the closing price of Distell shares on 20 October 2010.
COMPANY NUMBER OF TOTAL VALUE OF NATURE OF
SARS TRANSACTION INTEREST
MJ Botha Distell 8 176 R588 672.00 Direct
beneficial
JJ Scannell Distell 62 012 R4 464 864.00 Direct
beneficial
CJ Cronje Distell 7 129 R513 288.00 Direct
(company beneficial
secretary)
W Buhrmann Distell 53 758 R3 870 576.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
PF Carolin Distell 2 977 R214 344.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
DJ Gallow Distell 25 708 R1 850 976.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
C Gous Distell 39 859 R2 869 848.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
D M Hegland Distell 40 994 R2 951 568.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
SW Klopper Distell 10 976 R790 272.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
MG Distell 13 133 R945 576.00 Direct
Lambrechts Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
NT Moodley Distell 29 462 R2 121 264.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
K Pillay Distell 10 191 R733 752.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
MR Searle Distell 19 079 R1 373 688.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
CLC Snyman Distell 4 929 R354 888.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
JJ Venter Distell 7 557 R544 104.00 Direct
Limited (a beneficial
major
subsidiary
of Distell
Group
Limited)
The SARs may be exercised as follows:
- up to one third of the SARs may be exercised on or after the third
anniversary of the date of grant;
- up to two thirds of the SARs may be exercised on or after the fourth
anniversary of the date of grant, to the extent that they have not
been exercised previously;
- all of the SARs may be exercised on or after the fifth anniversary of
the date of grant, to the extent that they have not been exercised
previously;
- all SARs must be exercised by the seventh anniversary of the date of
grant.
Approval for the individual allocations has been obtained, and all transactions
were completed off market.
Stellenbosch
22 October 2010
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 22/10/2010 15:45:01 Produced by the JSE SENS Department.
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