Frontrange Limited - Dealing In Securities By A Director
Release Date: 20/04/2004 13:08:38 Code(s): FRO
FrontRange Limited - Dealing In Securities By A Director
FrontRange Limited
Registration number: 1997/009928/06
(Incorporated in the Republic of South Africa)
Share Code: FRO
ISIN Code: ZAE000035325
DEALING IN SECURITIES BY A DIRECTOR
In terms of paragraph 3.63 - 3.74 of the Listings Requirements of the JSE
Securities Exchange South Africa, the following information, relating to the
dealing in securities by a director, is disclosed:
Executive director : John Hillyard
Company of which a director : FrontRange Limited
Transaction date : 19 April 2004
Class of securities : Ordinary shares
Number of securities : 1 100 000
Strike Price : R2,15 per share
Value of transaction : R2 365 000
Vesting period : The first tranche of 25% vests a year
after the options were granted. Thereafter
the options vest in 36 equal monthly
instalments.
Nature of transaction : Grant of share options through FrontRange
Share Trust
Extent of interest : Direct beneficial
Executive director : Julian Pienaar
Company of which a director : FrontRange Limited
Transaction date : 19 April 2004
Class of securities : Ordinary shares
Number of securities : 304 800
Strike Price : R2,15 per share
Value of transaction : R655 320
Vesting period : The first tranche of 25% vests a year
after the options were granted. Thereafter
the options vest in 36 equal monthly
instalments.
Nature of transaction : Grant of share options through FrontRange
Share Trust
Extent of interest : Direct beneficial
Johannesburg
20 April 2004
Sponsor
Nedbank Capital
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