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BEL
BEL
BEL - Bell Equipment - Acceptance of options by directors and the company
secretary
Bell Equipment Limited
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
Share Code: BEL ISIN: ZAE000028304
("the Company")
ACCEPTANCE OF OPTIONS BY DIRECTORS AND THE COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Guy Harris
Company : Bell Equipment Limited
Date of transaction : 15 March 2011
Nature of transaction : Off market acceptance of options granted to
the director
Class of securities : Options in respect of ordinary shares
Number of options granted : 25 000
Option strike price : R13,06
Period of exercise : A maximum of 33,3% is exercisable on
the 3rd anniversary, a further maximum
of 33,3% is exercisable on the 5th
anniversary and the balance is
exercisable on the 7th anniversary of the
grant date
Vesting details : On exercise of the options
Total value of transaction : R326 500
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Riaan Verster
Company : Bell Equipment Limited
Date of transaction : 15 March 2011
Nature of transaction : Off market acceptance of options granted to
the director
Class of securities : Options in respect of ordinary shares
Number of options granted : 50 000
Option strike price : R13,06
Period of exercise : A maximum of 33,3% is exercisable on
the 3rd anniversary, a further maximum
of 33,3% is exercisable on the 5th
anniversary and the balance is
exercisable on the 7th anniversary of the
grant date
Vesting details : On exercise of the options
Total value of transaction : R653 000
Nature of
Company Secretary`s interest : Direct beneficial
Clearance obtained : Yes
Director : Paul Scates
Company : Bell Equipment Sales SA Limited (a
major subsidiary of the Company)
Date of transaction : 15 March 2011
Nature of transaction : Off market acceptance of options granted to
the director
Class of securities : Options in respect of ordinary shares
Number of options granted : 7 500
Option strike price : R13,06
Period of exercise : A maximum of 33,3% is exercisable on
the 3rd anniversary, a further maximum
of 33,3% is exercisable on the 5th
anniversary and the balance is
exercisable on the 7th anniversary of the
grant date
Vesting details : On exercise of the options
Total value of transaction : R97 950
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Richards Bay
16 March 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/03/2011 11:42:03 Produced by the JSE SENS Department.
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