SEARDEL INVESTMENT CORPORATION LTD - Exercise of options by a director
SRN SER 201407150009A
Exercise of options by a director
SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/011249/06)
Share code: SER ISIN Code: ZAE000029815
Share code: SRN ISIN Code: ZAE000030144
('Seardel')
EXERCISE OF OPTIONS BY DIRECTOR
In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information regarding the off-market
exercise of options in terms of the Seardel Long Term Incentive Plan is disclosed:
Director : Mr S A Queen
Designation : Chief Executive Officer
Nature of transaction : Exercise of options
Class of securities : Ordinary shares - Direct Beneficial
Date of grant of options : 18 March 2010
Date of vesting of options : 18 March 2014
Date of exercise of options : 11 July 2014
Number of options exercised : 2,000,000
Option strike price : R0.00
Ordinary Share Price : R1.81
Total value of transaction : R3,620,000.00
Clearance obtained par. 3.66 : Yes
All trades are deemed to be completed off market.
Cape Town
15 July 2014
Sponsor: Investec Bank Limited
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