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FSR
FSR
FSR - FirstRand Limited - Dealings in securities by a director
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
ISIN: ZAE000066304
Share Code: (JSE): FSR
Share Code: (NSX): FST
("FirstRand")
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Johan Petrus Burger
Company : FirstRand Limited
Date of transaction : 4 October 2011
Nature of transaction : Off market exercise of Share Appreciation
Right ("SAR") granted in terms of the
FirstRand Equity or Cash Settled Share
Appreciation Right Scheme 2006.
Class of securities : SAR in respect of ordinary shares
Number of SARs exercised : 31840
Exercise price : R13,50
Periods of exercise and
vesting : 1/3 on or after 3rd anniversary of
grant date
1/3 on or after 4th anniversary of
grant date
Final 1/3 on or after 5th anniversary of
grant date
Value of exercise : R429 840
Director`s interest : Direct beneficial
Clearance obtained : Yes
The Share Appreciation Right grant, which totaled 800 000 share equivalent
units, made to Mr Burger in 2006, reached its final compulsory date for take up
and he was required to take delivery of the underlying FirstRand ordinary
shares.
The corporate performance target ("CPT") attached thereto was not met on the
first and second vestings in 2009 and 2010 and these tranches were rolled
forward and included with the third vesting.
The CPT was partially met on the third vesting date, resulting in 3,98% of the
total grant becoming exercisable.
Accordingly, Mr Burger exercised his entitlement of 31 840 shares.
Sandton
5 October 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05/10/2011 15:47:03 Produced by the JSE SENS Department.
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