| Wed 15 Jan 2014, 14:35 | | CHEMICAL SPECIALITIES LIMITED - Dealing in securities by directors |
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CSP 201401150030A
Dealing 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 DIRECTORS
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 : Baron Schreuder, 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 : 5 000 000
Option strike price : 31 cents per option
Option strike date : 15 January 2014
Period of exercise and/or * after 3 years have elapsed from
vesting 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 : R1 550 000
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : Bruce Mackinnon, 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 : 3 250 000
Option strike price : 31 cents per option
Option strike date : 15 January 2014
Period of exercise and/or * after 3 years have elapsed from
vesting 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.
Value of transaction : R1 007 500
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : Jonathan Maehler, an executive
financial director of Chemspec
Class of securities : Options in Chemspec
Nature of transactions : Grant of options
Nature of interests : Direct beneficial
No of options : 3 250 000
Option strike price : 31 cents per option
Option strike date : 15 January 2014
Period of exercise and/or * after 3 years have elapsed from
vesting 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.
Value of transaction : R1 007 500
Name of company : CHEMICAL SPECIALITIES LIMITED
Name of director : Gerard Metzer, 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 : 3 250 000
Option strike price : 31 cents per option
Option strike date : 15 January 2014
Period of exercise and/or * after 3 years have elapsed from
vesting 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.
Value of transaction : R1 007 500
* Clearance to trade has been obtained in terms of section 3.66
of the Listings Requirements.
Johannesburg
15 January 2014
Designated Advisor:
Grindrod Bank Limited
Date: 15/01/2014 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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