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AET
AET
AET - Alert Steel Holdings Limited - Update to granting of options to turnaround
parties and the executive managers and withdrawal of cautionary announcement
ALERT STEEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/005144/06)
JSE code: AET
ISIN: ZAE000092847
("Alert" or "the company")
UPDATE TO GRANTING OF OPTIONS TO TURNAROUND PARTIES AND THE EXECUTIVE MANAGERS
AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
1 INTRODUCTION
Shareholders are referred to the announcement, dated 18 August
2011 relating to the granting of options to turnaround parties and the
executive managers and withdrawal of cautionary announcement and are
advised that the table as set out in paragraph 4 of this announcement
should be replaced with the table as per paragraph 2 below due to the
erroneously omitting of Mr Donovan Fourie* from the table.
2 THE EXECUTIVE OPTION GRANT
The maximum number of Alert shares that may be subscribed for by the
Executive Managers in terms of the Executive Options are as follows:
Executive managers Designation Number of
Executive Options
granted
Wynand Schalekamp Deputy Chairman 39 393 939
Dawie de Beer Managing Executive Business 23 636 364
Development
Theresia Engelbrecht Managing Executive Branch 20 681 818
Operations
Edwin Bohmer Chief Information Officer 14 772 727
Neil Cresswell Chief Financial Officer/ 26 590 909
Financial Director
Charlotte du Toit Managing Executive Corporate 8 863 636
and Hole Sale
Donovan Fourie* Managing Executive Hub 14 772 727
Operations
Barend Barnard Marketing Executive 8 863 636
Total 157 575 756
Pretoria
19 August 2011
Designated Adviser
Vunani Corporate Finance
Date: 19/08/2011 09:39:01 Produced by the JSE SENS Department.
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