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MURRAY & ROBERTS HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTOR
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN Code: ZAE000008983
Dealing in Securities by directors and the company secretary of Murray & Roberts
Holdings Limited ("MRH") and directors of Murray & Roberts Limited ("MRL"),
being a major subsidiary of MRH, as defined in terms of the Listing
Requirements, as well as by Senior Executives of MRH
In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the
JSE Securities Exchange South Africa ("JSE"), the following information is
disclosed:
The Trustees of the Murray & Roberts Trust ("the Trustees") have approved a
regular grant of options on ordinary shares in MRH in terms of the MRH Employee
Share Incentive Scheme ("the Scheme) totalling 1 565 000 shares or 0,47% of the
Company"s issued share capital, on 15 March 2004 at a strike price of R13,04 per
share being the volume weighted average price of the shares on Friday,
12 March 2004.
These grants were made as follows:
Executive Directors of Options under Standard Options under Hurdle
MRH Scheme Scheme
B C Bruce 70 000 140 000
R W Rees 90 000 90 000
K E Smith 50 000 55 000
210 000 285 000
Company Secretary of Options under Standard Options under Hurdle
MRH Scheme Scheme
E Marx 15 000 15 000
Directors of MRL Options under Standard Options under Hurdle
Scheme Scheme
M W Arnold 40 000 40 000
R J Berndt 40 000 40 000
S J Flanagan 45 000 45 000
S D Pell 50 000 50 000
190 000 190 000
Senior Executives of Options under Standard Options under Hurdle
MRH Scheme Scheme
Seventeen Executives 310 000 380 000
Options granted under the standard scheme will vest at a rate of 25% on each of
the second, third, fourth and fifth anniversaries of the option date.
Options granted under the hurdle scheme require that the Company"s share price
must increase by CPI plus 4% per annum compounded from the grant date, for the
options to vest at the rate of 25% on the second, third, fourth and fifth
anniversaries of the option.
Special grant of share options on ordinary shares
The Trustees have made a special allocation of 150 000 options under the
Standard Scheme and 100 000 options under the Hurdle Scheme to Mr N Jorek in
fulfilment of the terms of his employment contract. This allocation represents
0,08% of the Company"s issued share capital.
General
It is the policy of MRH to acquire from the market, the shares required to
fulfil its commitment in terms of the Scheme.
Johannesburg 17 March 2004
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 19/03/2004 04:24:03 PM Produced by the JSE SENS Department
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