ANGLOVAAL INDUSTRIES LIMITED - DIRECTOR"S DEALINGS IN AVI SHARES
ANGLOVAAL INDUSTRIES LIMITED
("AVI")
(Registration number. 1944/017201/06)
Share Code: AVI
ISIN: ZAE000030102
DIRECTOR"S DEALINGS IN AVI SHARES
In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange South Africa ("the JSE"), the following information is
disclosed:
Director: Mr RS Katzen
Date of transaction: 24 October 2003
Price per unit: R14.83
Number of shares: 72,351 ordinary 5 cent shares
Aggregate consideration: R1,072,965
Nature of transaction: Granting of share options
Extent of interest: Directly beneficial
Strike date: 1 July 2003
The price was determined as the 20-day trade-weighted average for the period
ended 30 June 2003 in accordance with the rules of The Anglovaal Industries
Limited Executive Share Purchase Trust. The grant of options could only be
formalised once the Company entered its open period following the announcement
of the Company"s results for the year ended 30 June 2003.
Approval to grant the options was given in accordance with a resolution passed
by the Company"s Appointments and Remuneration Committee.
Chislehurston
Sandton
27 October 2003
Sponsor:
Standard Corporate and Merchant Bank
A Division of The Standard Bank of South Africa Limited
(Registration number 1962/000738/06)
Date: 28/10/2003 03:39:06 PM Produced by the JSE SENS Department
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