Ceramic Industries Limited - Share Incentive Scheme
Ceramic Industries Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1982/008520/06)
ISIN: ZAE000008538 Share code: CRM
The Ceramic Industries Share Incentive Scheme is designed to recognize the
contributions of employees, including salaried directors and non-executive
directors, to the continued growth of the Company"s business. Scheme shares are
offered at a price recommended by the Board of Directors in accordance with the
scheme and the exercise prices of shares offered to the directors were equal to
or at a premium to the market price at the date of each offer. In terms of the
scheme, Mr. K M Schultz (a non-executive director of the Company), exercised his
right to acquire 60 000 ordinary shares at a cost of R27-50 per share in
December 1999. 15 000 of these shares have now vested and Mr. Schultz has
elected to pay for and immediately sell this number of shares. The shares were
sold by Mr. Schultz for R68-00 per share. His interest in this transaction is
Direct beneficial.
End.
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