CLH - City Lodge Hotels Limited - Director`s dealings in securities - Allocation
CLH
CLH
CLH - City Lodge Hotels Limited - Director`s dealings in securities - Allocation
of restricted shares
City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH
ISIN Code: ZAE000117792
DIRECTOR`S DEALINGS IN SECURITIES - ALLOCATION OF RESTRICTED SHARES
In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders
are advised that Mr. C Ross and Mr. A.C. Widegger, executive directors of City
Lodge were awarded shares in terms of the company`s restricted share plan, the
salient details of which are set out below:
Director : C. Ross
Office held : Chief Executive
Number of restricted shares awarded : 78 455 City Lodge shares
Price at which shares were awarded : R73.4874
Value : R5 765 453.97
Date of award : 23 December 2011
Vesting period : 3 years from award date
Nature of transaction : Direct beneficial
This was an on market transaction.
Director : A.C Widegger
Office held : Financial Director
Number of restricted shares awarded : 63 353 City Lodge shares
Price at which shares were awarded : R73.4874
Value : R4 655 647.25
Date of award : 23 December 2011
Vesting period : 3 years from award date
Nature of transaction : Direct beneficial
This was an on market transaction
Prior clearance to deal has been obtained from Mr B.T. Ngcuka, Chairman of the
Board of City Lodge, in accordance with Section 3.66 of the JSE Listings
Requirements.
Bryanston
28 December 2011
Sponsor
J.P. Morgan Equities Limited
Date: 28/12/2011 12:42:01 Produced by the JSE SENS Department.
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