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African Bank Investments Ltd - Directors" Dealings - Exercise 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 - EXERCISE OF OPTIONS
ABIL advises that, in accordance with rules 3.63 to 3.66 of the Listings
Requirements of the JSE Securities Exchange South Africa, it has been informed
of the following exercise of options already granted and accepted in ABIL shares
Director : Leon Kirkinis
Company : ABIL
Office held : Chief Executive Officer
Nature of transaction : Exercise of options
Number of options : 300 000 and 2 500 000
Option issue dates : 25 March 2003 and 30 September 2003
respectively
Option strike prices : 563 cps and 635 cps respectively
Option exercise price : 855 cps
Date of transaction : 9 December 2003
Periods of vesting : 20% per annum starting on 25 March 2004
and 30 September 2004 respectively
Delivery periods : No earlier than the various vesting dates
but no later than 25 March 2010 and 30
September 2010 respectively
Total value of Transaction : R23 940 000
Security class : Ordinary shares
Nature and extent of
director"s interest : Indirect Beneficial
Clearance : The required clearance per rule
3.66 has been obtained
Director : Gordon Schachat
Company : ABIL
Office held : Executive Deputy Chairman
Nature of transaction : Exercise of options
Number of options : 300 000 and 2 000 000
Option issue dates : 25 March 2003 and 30 September 2003
respectively
Option strike prices : 563 cps and 635 cps respectively
Option exercise prices : 855 cps
Date of transaction : 9 December 2003
Periods of vesting : 20% per annum starting on 25 March 2004
and 30 September 2004 respectively
Delivery periods : No earlier than the various vesting dates
but no later than 25 March 2010 and 30
September 2010 respectively
Total value of Transaction : R19 665 000
Security class : Ordinary shares
Nature and extent of
director"s interest : Indirect Beneficial
Clearance : The required clearance per rule
3.66 has been obtained
Midrand
9 December 2003
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 09/12/2003 04:51:03 PM
Produced by the JSE SENS Department
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