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CSP
CSP
CSP - Chemspec - Dealing in securities by a director
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
dealing in securities by a director should be noted:
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : TP Dykins, an 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 : 55 cents per option
Option strike date 20 February 2012
Period of exercise and/or * after 3 years have elapsed from the
vesting 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 : R3,575,000
* Clearance to trade has been obtained in terms of section 3.66 of the
Listings Requirements.
Johannesburg
23 February 2012
Designated Advisor:
Grindrod Bank Limited
Date: 23/02/2012 17:15:02 Produced by the JSE SENS Department.
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