Metro Cash And Carry Limited - Dealings In Securit
In March 2001 senior executives of the Metcash Group, including five
directors of Metro Cash and Carry Limited ("Metro"), concluded an agreement
with an investment bank to increase their shareholding in Metro.
In terms of the agreement, the investment bank provided funding for Metro
executives to acquire additional shares in Metro by way of a call option at
a strike price of 130 cents per Metro share. The call option is exercisable
at any time prior to 31 January 2004. In the event of the Metro share price
falling below certain stipulated minima prior to the said date the
investment bank may put the Metro shares to the executives.
The relevant directors and the extent of their interest in the transaction,
are as follows -
C S dos Santos 1 021 Shares
755
R D Taurog 4 633 Shares
812
V D Rubin 1 158 Shares
450
H Mer 2 316 Shares
900
A Reitzer 1 158 Shares
450
G B Rubenstein 2 316 Shares
900
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