|
DST
DST
DST - Distell - Acceptance of share appreciation rights ("SAR") by a director of
a major subsidiary
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 A DIRECTOR OF A MAJOR
SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : M R Searle
Company : Distell Limited (a major subsidiary of
Distell Group Limited)
Date of grant : 20 October 2010
Date of transaction: : 1 December 2010
Nature of transaction : Acceptance of SARs at a grant price of R72,00
per SAR, which is based on the closing
price of Distell shares on 20 October 2010.
Class of securities : Ordinary shares
Number of SARs : 3 985
Grant price : R72.00 per share
Total value of transaction : R286 920.00
Nature of interest : Direct beneficial
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 allocation has been obtained, and the transaction was completed
off market.
Stellenbosch
2 December 2010
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 02/12/2010 10:45:01 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
