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AFRICAN BANK INVESTMENTS LIMITED - DIRECTOR"S DEALINGS - ACCEPTANCE OF OPTIONS
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Share code: ABL
ISIN: ZAE000030060
("ABIL")
DIRECTORS" DEALINGS - ACCEPTANCE OF OPTIONS
ABIL announces that, as part of the annual salary and performance review
conducted at the end of each financial year, the Board of Directors has issued
the following options to its executive directors. The options are granted in
terms of the rules of the African Bank Investments Limited Employee Share
Participation Scheme, which sets the strike price at the volume weighted average
price of the month preceding the current quarter.
Director: Leon Kirkinis
Company: African Bank Investments Ltd
Nature of transaction: Acceptance of options
Number of options: 2 500 000
Option issue date: 30 September 2003
Option strike price (Cents): 635
Exercise period: No later than 30 September 2010
Vesting period: 20% per annum starting on 30 September 2004
Total value (Rands): Nil
Security class: Ordinary shares
Director: Gordon Schachat
Company: African Bank Investments Ltd
Nature of transaction: Acceptance of options
Number of options: 2 000 000
Option issue date: 30 September 2003
Option strike price (Cents): 635
Exercise period: No later than 30 September 2010
Vesting period: 20% per annum starting on 30 September 2004
Total value (Rands): Nil
Security class: Ordinary shares
Director: Tami Sokutu
Company: African Bank Investments Ltd
Nature of transaction: Acceptance of options
Number of options: 3 000 000
Option issue date: 30 September 2003
Option strike price (Cents): 635
Exercise period: No later than 30 September 2010
Vesting period: 20% per annum starting on 30 September 2004
Total value (Rands): Nil
Security class: Ordinary shares
Director: Dave Woollam
Company: African Bank Investments Ltd
Nature of transaction: Acceptance of options
Number of options: 1 000 000
Option issue date: 30 September 2003
Option strike price (Cents): 635
Exercise period: No later than 30 September 2010
Vesting period: 20% per annum starting on 30 September 2004
Total value (Rands): Nil
Security class: Ordinary shares
Director: Angus Herselman
Company: African Bank Investments Ltd
Nature of transaction: Acceptance of options
Number of options: 1 000 000
Option issue date: 30 September 2003
Option strike price (Cents): 635
Exercise period: No later than 30 September 2010
Vesting period: 20% per annum starting on 30 September 2004
Total value (Rands): Nil
Security class: Ordinary shares
Director: Johan de Ridder
Company: African Bank Investments Ltd
Nature of transaction: Acceptance of options
Number of options: 1 000 000
Option issue date: 30 September 2003
Option strike price (Cents): 635
Exercise period: No later than 30 September 2010
Vesting period: 20% per annum starting on 30 September 2004
Total value (Rands): Nil
Security class: Ordinary shares
Sandton
1 October 2003
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 01/10/2003 04:01:35 PM Produced by the JSE SENS Department
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