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AFGRI LIMITED - DEALING IN SECURITIES BY DIRECTORS
AFGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/004030/06)
Share Code: AFR
ISIN: ZAE000040549
("Afgri")
DEALING IN SECURITIES BY DIRECTORS
In compliance with rules 3.63 - 3.74 of the JSE Securities Exchange South Africa
Listings Requirements, the following information is disclosed:
SALES
Executive Vice Chairman: G A L Ebedes
Company: AFGRI Limited
Date of transaction: 6 November 2003
Class of security: Ordinary shares
Nature of transaction: Sale as a consequence of the accrual and
implementation of the deferred right to sell
shares (options allocated and exercised on
13 October 2000 at R4,10 - market value on
13 October 2000 :R4,10) in terms of the company
share incentive scheme
Number of shares: 750 000 shares
Selling price: R5,25 per share
Total value of transaction: R3 937 500,00
Nature of interest: Direct
Clearance received: Clearance to trade in these shares has been given
in terms of rule 3.66 of the JSE Listings
Requirements.
Managing Director: J D Wright
Company: AFGRI Limited
Date of transaction: 6 November 2003
Class of security: Ordinary Shares
Nature of transaction: Sale as a consequence of the accrual and
implementation of the deferred right to sell
shares (options allocated and exercised on
13 October 2000 at R4,10 - market value on
13 October 2000:R4,10) in terms of the company
share incentive scheme.
Number of shares: 700 000 shares
Selling price: R5,25 per share
Total value of transaction: R3 675 000,00
Nature of interest: Direct
Clearance received: Clearance to trade in these shares has been given
in terms of rule 3.66 of the JSE Listings
Requirements.
Financial Director: I de Wet Goosen
Company: AFGRI Limited
Date of transaction: 5 November 2003
Class of security: Ordinary shares
Nature of transaction: Sale as a consequence of the accrual and
implementation of the deferred right to sell
shares (options allocated and exercised on: -
14 000 shares on 5 March 1999 at R3,00 -
market value on 5 March 1999:R3,00; and
524 700 shares on 13 October 2000 at R4,10 -
market value on 13 October 2000: R4,10) in terms
of the company share incentive scheme.
Number of shares: 538 700 shares
Selling price: R5,25 per share
Total value of transaction: R2 828 175,00
Nature of interest: Direct
Clearance received: Clearance to trade in these shares has been given
in terms of rule 3.66 of the JSE Listings
Requirements.
GRANTING AND ACCEPTANCES
Managing Director: J D Wright
Company: AFGRI Limited
Nature of transaction: Grant and acceptance of Options with a deferred
right to sell
Number of options: 3 000 000
Date of transaction: 15 October 2003
Option strike & market price: R5,01
Period of deferred right to
sell: 1/3rd per annum over the next 3 years.
Total value of transaction: R15 030 000,00
Nature of interest: Direct
Financial Director: I de Wet Goosen
Company: AFGRI Limited
Nature of transaction: Grant and acceptance of Options with a deferred
right to sell
Number of options: 632 000
Date of transaction: 15 October 2003
Option strike & market price: R5,01
Period of deferred right to
sell: 1/3rd per annum over the next 3 years.
Total value of transaction: R3 166 320,00
Nature of interest: Direct
Company Secretary: SL Reynolds
Company: AFGRI Limited
Nature of transaction: Grant and acceptance of Options with a deferred
right to sell
Number of options: 75 000
Date of transaction: 15 October 2003
Option strike & market price: R5,01
Period of deferred right to
sell: 1/5th per annum over the next 5 years.
Total value of transaction: R375 750,00
Nature of interest: Direct
Sandton
6 November 2003
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 06/11/2003 05:55:13 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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