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CRM
CRM
CRM - Ceramic Industries Limited - Directors dealing: acceptance of options
CERAMIC INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/008520/06)
JSE code: CRM
ISIN: ZAE000008538
( "Ceramic")
DIRECTORS DEALING: ACCEPTANCE OF OPTIONS
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements
("Listings Requirements"), Ceramic hereby advises its shareholders of the
following dealings in Ceramic securities by directors of Ceramic:
Name of Director: N Booth
Date of transaction: 13 December 2010
Nature of transaction: Acceptance of options in terms
of the Ceramic Share Incentive Scheme
Class of securities: Options over ordinary Shares
Number of shares covered by options: 75 000
Strike price: R129.13
Vesting period: The vesting period is 5 years
but participants may exercise 25% of
their options after 3 years
Value of transaction: R9 684 750.00
Nature and extent of directors`
interest: 100% direct beneficial
Transaction completed on-market: No
Clearance obtained in terms of
paragraph 3.66 of the Listings
Requirements: Yes
Name of Director: D R Alston
Date of transaction: 13 December 2010
Nature of transaction: Acceptance of options in terms
of the Ceramic Share Incentive Scheme
Class of securities: Options over ordinary Shares
Number of shares covered by options: 100 000
Strike price: R129.13
Vesting period: The vesting period is 5 years
but participants may exercise 25% of
their options after 3 years
Value of transaction: R12 913 000.00
Nature and extent of directors`
interest: 100% direct beneficial
Transaction completed on-market: No
Clearance obtained in terms of
paragraph 3.66 of the Listings
Requirements: Yes
Vereeniging
22 December 2010
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
Date: 22/12/2010 12:14:01 Produced by the JSE SENS Department.
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