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RLO
RLO
RLO - Reunert Ltd - Acceptance of options by directors
REUNERT LTD
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
Share Code: RLO
("Reunert" or "the Group" or "the Company")
ACCEPTANCE OF OPTIONS BY DIRECTORS
The following directors of the Company and its major subsidiaries have been
granted, and accepted options in terms of the Reunert 2006 share scheme.
Accordingly, in compliance with the JSE Limited Listings Requirements, the
following information is disclosed:
Date of transactions : 24 May 2011
Nature of transactions : Grant and acceptance of share options in
respect of the Reunert 2006 share scheme
Class of securities : Options in respect of ordinary shares
Period of exercise : 3 years
Vesting : On exercise of the options
Nature of
directors` interests : Direct beneficial
Clearance obtained : Yes
Transactions completed : Off market
Director : NC Wentzel
Company : Reunert Limited
Number of options accepted : 110 000
Option strike price : R59.55
Total value of transaction : R6 550 500
Director : DJ Rawlinson
Company : Reunert Limited
Number of options accepted : 47 000
Option strike price : R59.55
Total value of transaction : R2 798 850
Director : BP Gallagher
Company : Reunert Limited
Number of options accepted : 48 000
Option strike price : R59.55
Total value of transaction : R2 858 400
Director : GJ Oosthuizen
Company : Reunert Limited
Number of options accepted : 42 000
Option strike price : R59.55
Total value of transaction : R2 501 100
Director : C Radley
Company : Nashua Mobile (A major subsidiary of Reunert)
Number of options accepted : 24 000
Option strike price : R59.55
Total value of transaction : R1 429 200
Director : A Baker
Company : Nashua Mobile (A major subsidiary of Reunert)
Date of transaction : 24 May 2011
Nature of transaction : Options issued w.r.t appointment as Group CEO
Class of securities : Options in respect of ordinary shares
Number of options accepted : 120 000
Option strike price : R56.00
Total value of transaction : R6 720 000
Period of exercise : 3 years
Vesting : On exercise of the options
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : Off market
Sandton
25 May 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/05/2011 10:00:01 Produced by the JSE SENS Department.
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