RAC - Racec Group Limited - Granting and Acceptance of Options
RAC
RAC
RAC - Racec Group Limited - Granting and Acceptance of Options
RACEC GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/006153/06)
Share code: RAC ISIN:ZAE000105409
GRANTING AND ACCEPTANCE OF OPTIONS
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings
Requirements of JSE Limited, the following is disclosed pertaining to the
granting and acceptance of options at a strike price of 53.11 cents per option
on 31 March 2011 in terms of the RACEC Share Purchase Scheme:
Name of director: Mr Gary Lee Harrod
Company: RACEC Group Limited
Class of securities: Ordinary shares
Number of options: 2 799 560
Total value of grant: R1 486 846.32
Extent of director`s interest: Direct beneficial
Clearance obtained: Yes
Name of director: Mr Winston Ollewagen
Company: RACEC Rail (Proprietary) Limited
Class of securities: Ordinary shares
Number of options: 2 799 560
Total value of grant: R1 486 846.32
Extent of director`s interest: Direct beneficial
Clearance obtained: Yes
Name of director: Mr Iain James Campbell
Company: RACEC (Proprietary) Limited
Class of securities: Ordinary shares
Number of options: 1 399 780
Total value of grant: R743 423.16
Extent of director`s interest: Direct beneficial
Clearance obtained: Yes
20% of the total number of the share options which have been granted to each of
the abovementioned directors will vest after a period of 4 years from the date
of acceptance, a further 20% will vest after a period of 5 years, and the
remaining 60% will vest after a period of 6 years.
Cape Town
1 April 2011
Designated Adviser
Merchantec Capital
Date: 01/04/2011 11:34:02 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
