Avasa - Granting of share options in terms of share option scheme
AVASA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: AVA ISIN: ZAE000040622
("AVASA" or "the Company")
Ernst & Young Sponsors (Pty) Ltd is authorised to announce that AVASA"s
remuneration committee resolved to grant options to the company"s executive
directors to subscribe for shares in AVASA in terms of the company"s share
option scheme as follows:
Number of options 1
Executive
Director
A2 B2 C3
Andrew Bonamour 800 000 2 200 000 8 068 393
Julian Treger 3 600 000 9 900 000 5 434 554
Brian Myerson 3 600 000 9 900 000 5 434 554
Notes:-
The options were granted with effect from 18 September 2003.
The requisite resolution was approved on 7 May 2003. The subscription prices are
5 cents and 10 cents per share for Column A and Column B respectively.
The requisite resolution was approved on 8 September 2003. The subscription
price is 14 cents per share.
Each option confers on the holder thereof the right to subscribe for one
ordinary share of R0,001 each at the subscription price. The executive directors
have a period of five years from the date on which the options are granted in
which to exercise their options.
Sandton
18 September 2003
Ernst & Young Sponsors (Pty) Ltd
(Registration number 2000/031843/07)
Date: 18/09/2003 11:22:03 AM Produced by the JSE SENS Department
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