BEL - Bell Equipment Limited - Acceptance of options by a director of a major
BEL
BEL
BEL - Bell Equipment Limited - Acceptance of options by a director of a major
subsidiary
Bell Equipment Limited
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
Share Code: BEL ISIN: ZAE000028304
ACCEPTANCE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Lucas Maloka
Company : Bell Equipment Sales SA Limited
Date of transaction : 14 April 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
director`s interest : Direct beneficial
Clearance obtained : Yes
Richards Bay
14 April 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/04/2011 17:43:01 Produced by the JSE SENS Department.
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