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CSP
CSP
CSP - Chemspec - Dealings in securities by directors
Chemical Specialities Limited
Incorporated in the Republic of South Africa
Registration number 2005/039947/06
Share code: CSP
ISIN: ZAE000109427
("Chemspec" or "the Company")
DEALING IN SECURITIES BY A DIRECTOR
In accordance with the requirements of paragraph 3.63 to 3.74 of the
JSE Limited Listings Requirements ("Listings Requirements"), the
following dealings in securities by directors should be noted:
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : IAJ Clark, non-executive director
and chairman of Chemspec
Class of securities : Ordinary shares in Chemspec
1.
Nature of transactions : Mr. Clark followed his rights in
terms of the Chemspec rights offer
(an off-market purchase)
Nature of interests : Indirect beneficial
Date of transaction : 18 November 2011
No of shares : 95,043,635
Price : 40 cents per share
Total value of transaction : R38,017,454
2.
Nature of transactions : Off-market purchase by Basfour 2052
CC
Nature of interests : Indirect beneficial
Date of transaction : 21 November 2011
No of shares : 854,634
Price : 42 cents per share
Total value of transaction : R358,946.28
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : BR Mackinnon, chief executive
officer of Chemspec
Class of securities : Ordinary shares in Chemspec
1.
Nature of transactions : Mr. Mackinnon followed his rights
in terms of the Chemspec rights
offer (an off-market purchase)
Nature of interests : Direct beneficial
Date of transaction : 18 November 2011
No of shares : 854,634
Price : 40 cents per share
Total value of transaction : R341,853.60
2.
Nature of transactions : Off-market disposal
Nature of interests : Direct beneficial
Date of transaction : 21 November 2011
No of shares : 854,634
Price : 42 cents per share
Total value of transaction : R358,946.28
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : JG Jones, non-executive director of
Chemspec
Class of securities : Ordinary shares in Chemspec
Nature of transactions : Mr. Jones followed his rights in
terms of the Chemspec rights offer
(an off-market purchase)
Nature of interests : Indirect beneficial
Date of transaction : 18 November 2011
No of shares : 500,000
Price : 40 cents per share
Total value of transaction : R200,000
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : JG Maehler, executive financial
director of Chemspec
Class of securities : Ordinary shares in Chemspec
Nature of transactions : Mr. Maehler followed his rights in
terms of the Chemspec rights offer
(an off-market purchase)
Nature of interests : Indirect beneficial
Date of transaction : 18 November 2011
No of shares : 3,041,399
Price : 40 cents per share
Total value of transaction : R1,216,559.60
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : BR Mackinnon, chief executive
officer of Chemspec
Class of securities : Options in Chemspec
Nature of transactions : Grant of options
Nature of interests : Direct beneficial
No of options : 6,500,000
Option strike price : 40 cents per option
Option strike date 18 November 2011
Period of exercise and/or * after 3 years have elapsed
vesting from the date on which the option
is granted, in respect of not more
than one-third of the shares which
are the subject of that option;
* after 4 years have elapsed
from the date on which the option
is granted, in respect of not more
than two-thirds of the shares which
are the subject of that option; and
* after 5 years have elapsed
from the date on which the option
is granted, in respect of all the
shares which are the subject of
that option.
Total value of transaction : R2,600,000
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : S van Niekerk, executive director
of Chemspec
Class of securities : Options in Chemspec
Nature of transactions : Grant of options
Nature of interests : Direct beneficial
No of options : 6,500,000
Option strike price : 40 cents per option
Option strike date 18 November 2011
Period of exercise and/or * after 3 years have elapsed
vesting from the date on which the option
is granted, in respect of not more
than one-third of the shares which
are the subject of that option;
* after 4 years have elapsed
from the date on which the option
is granted, in respect of not more
than two-thirds of the shares which
are the subject of that option; and
* after 5 years have elapsed
from the date on which the option
is granted, in respect of all the
shares which are the subject of
that option.
Total value of transaction : R2,600,000
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : DJ Coyle-Dowling, executive
director of Chemspec
Class of securities : Options in Chemspec
Nature of transactions : Grant of options
Nature of interests : Direct beneficial
No of options : 6,500,000
Option strike price : 40 cents per option
Option strike date 18 November 2011
Period of exercise and/or * after 3 years have elapsed
vesting from the date on which the option
is granted, in respect of not more
than one-third of the shares which
are the subject of that option;
* after 4 years have elapsed
from the date on which the option
is granted, in respect of not more
than two-thirds of the shares which
are the subject of that option; and
* after 5 years have elapsed
from the date on which the option
is granted, in respect of all the
shares which are the subject of
that option.
Total value of transaction : R2,600,000
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : JG Maehler, executive director of
Chemspec
Class of securities : Options in Chemspec
Nature of transactions : Grant of options
Nature of interests : Direct beneficial
No of options : 6,500,000
Option strike price : 40 cents per option
Option strike date 18 November 2011
Period of exercise and/or * after 3 years have elapsed
vesting from the date on which the option
is granted, in respect of not more
than one-third of the shares which
are the subject of that option;
* after 4 years have elapsed
from the date on which the option
is granted, in respect of not more
than two-thirds of the shares which
are the subject of that option; and
* after 5 years have elapsed
from the date on which the option
is granted, in respect of all the
shares which are the subject of
that option.
Total value of transaction : R2,600,000
* Clearance to trade has been obtained in terms of section 3.66 of the
Listings Requirements.
Johannesburg
22 November 2011
Designated Advisor:
Grindrod Bank Limited
Date: 22/11/2011 16:23:01 Produced by the JSE SENS Department.
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