AFRICAN BANK INVESTMENTS LIMITED - DIRECTOR"S 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: David Farring Woollam
Company: ABIL
Office held: Financial Director
Nature of transaction: Exercise of options
Number of options: 1 000 000 and 200 000
Option issue dates: 1 November 2002 and 26 September 2003 respectively
Option strike prices: 450 cps and 535 cps respectively
Option exercise price: 897 cps
Date of transaction: 24 December 2003
Periods of vesting: 20% per annum starting on 1 November 2003 and 26
September 2004 respectively
Delivery periods: No earlier than the various vesting dates but no
later than 1 November 2009 and 26 September 2010
respectively
Total value of Transaction: R10 764 000
Security class: Ordinary shares
Nature and extent of
director"s interest: Direct Beneficial
Clearance: The required clearance per rule 3.66 of the
Listings Requirements has been obtained
Midrand
30 December 2003
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 30/12/2003 12:48:02 PM Supplied by www.sharenet.co.za
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