Murray & Roberts Holdings Limited - Dealing In Sec
Murray & Roberts Holdings Limited - Dealing in securities by directors
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
Share Code: MUR
ISIN Code: ZAE000008983
Dealing in securities by directors of listed companies
In compliance with paragraph 3.72 - 3.75 of the Listings Requirements of the JSE
Securities Exchange South Africa, the following information is disclosed wherein
the directors concerned acquired Murray & Roberts" securities:
Options to purchase Murray & Roberts Holdings Ltd shares at a price of R11.00
per share were granted to the following executive directors on 6 March 2003
("the option date") under the terms and conditions of the Murray & Roberts
Holdings Ltd Employee Share Incentive Scheme. The grants of options were
accepted by the directors on 12 March 2003.
The details of these grants of options are as follows:
Options under Standard Options under Hurdle
Conditions Conditions
B C Bruce 80 000 120 000
R W Rees 65 000 100 000
K E Smith 80 000 120 000
Options granted under the standard conditions will vest at the rate of 25% on
each of the second, third, fourth and fifth anniversaries of the option date.
Options granted under the hurdle conditions require that the Company"s share
price must increase by 25% per annum compounded from the grant date in order for
the options to vest at the rate of 25% on the second, third, fourth and fifth
anniversaries of the option date.
These grants of options to executive directors were made within an allocation to
executives totalling 1 461 500 shares or 0,44% of the Company"s issued share
capital.
13 March 2003
Sponsor
Merrill Lynch
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