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Unitrans Limited - Dealing In Securities By Directors And The Company Secretary
Release Date: 08/04/2004 16:21:19 Code(s): UTR
Unitrans Limited - Dealing In Securities By Directors And The Company Secretary
UNITRANS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1967/003403/06
Share Code: UTR
ISIN Code : ZAE000007670
DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY
In compliance with sections 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange of South Africa, the following information is disclosed:
The Trustees of Unitrans Limited Share Trust ("the Trustees") have approved a
regular grant of options on ordinary shares in Unitrans Limited in terms of the
Unitrans Limited Share Trust Scheme ("the Scheme") totaling 670 000 shares or
0,87% of the Company"s issued share capital, on 26 February at a strike price of
R26.45 per shares being the volume weighted average price of the shares on
Wednesday, 25 February 2004. This announcement reflects the acceptance in terms
of the Scheme of the grants on 670 000 share options.
Executive Directors of Unitrans Limited
KJ Grove 105 000
PJ Dieperink 73 000
SM Keys 58 000
RH Naisby 49 000
Company Secretary of Unitrans Limited
JV Radnay 9 500
Directors of Major Subsidiaries of Unitrans Limited
N Boshoff 49 000
K Gillmer 19 500
SM Ford 29 000
CE Howes 44 000
N Idris 19 500
F Morkel 44 000
TR Nel 49 000
N Rubelli 24 500
B Stephenson 19 500
JJ van der Merwe 29 000
L van Vuuren 19 500
AD Young 29 000
Options granted under the 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 scheme require that the growth in the Headline
Earnings per share attributable to shares in Unitrans Limited is equal, over the
same period, to the growth in the aggregate median value of shares included in
the index of the top 25 industrial companies listed on the JSE Securities
Exchange South Africa ("the Indi25").
Johannesburg
07 April 2004
JV RADNAY Sponsor
GROUP COMPANY SECRETARY PSG Capital Limited
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