| Tue 20 Apr 2004, 16:21 | | Sanlam Senior Executives Buy Sanlam Shares |
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Sanlam - Sanlam Senior Executives Buy Sanlam Shares
SANLAM GROUP
Incorporated in the Republic of South Africa
Registered name: Sanlam Limited
(Registration number 1959/001562/06)
JSE share code: SLM
NSX share code: SLA
ISIN number: ZAE000028262
("Sanlam")
20 April 2004
SANLAM SENIOR EXECUTIVES BUY SANLAM SHARES
Some shares under the share scheme of a number of Sanlam"s senior executives
have become vested this year.
Sanlam"s Group chief executive, Dr Johan van Zyl, financial director Flip
Rademeyer, chief executive of finance, Kobus Moller, statutory actuary Chris
Swanepoel and Heinie Werth, an executive director of Sanlam Life have all
reinvested the total net cash proceeds from their respective transactions on 15
April in vested shares under Sanlam"s share scheme into new Sanlam shares.
Through this transaction Dr van Zyl acquired 192,642 Sanlam shares, Mr Rademeyer
198, 151 shares, Mr Moller 127, 396 shares Mr Swanepoel 151,161 shares and Mr
Werth 30,035 shares.
Other members of Sanlam"s Executive Committee, Ms Lize Lambrechts and Mr Nick
Christodoulou have realised the full proceeds from their respective transaction
in cash while company secretary Mr JP Bester retained parts of the proceeds from
his transaction in cash and reinvested the remaining portion in 30,000 Sanlam
shares.
In Sanlam"s endeavour to retain the services of its key executives in terms of
its retention policy, Sanlam"s Board decided to offer a proportionate number of
new share options at 980 cents per share to those executives who realised their
current vested shares. These new options will become fully exercisable over a
period of five years and must be exercised within eight years.
Because of the approaching expiry date thereof, two former executive directors
and current non-executive directors, Attie du Plessis and George Rudman, have
continued to sell portions of their share options that have become vested.
Details of the individual transactions and new offers to the senior executives
follow below.
Details of the Board"s regular annual share options offer to executives will be
released when available.
In Compliance with Rule 3.63 to 3.74 of the JSE Securities Exchange SA Listings
Requirements, the following should be noted:
Name of Director: J. van Zyl (Group Chief Executive Officer)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 April 2009
Transaction price: R6,03
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.) : Delivery and payment
Total number of units: 506 694
Total amount involved: R3 055 364,82
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J. van Zyl (Group Chief Executive Officer)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 April 2009
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Sell
Total number of units: 314 052
Transaction price: R9,75
Total amount involved: R3 062 007,00
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J. van Zyl (Group Chief Executive Officer)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 311 771
Transaction price: R9,80
Total amount involved: R3 055 355,80
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: P. de V. Rademeyer (Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2006, 1 December 2006 and 1 December
2007
Transaction price: R6,00 / R7,35 / R8,20
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.) : Delivery and payment
Total number of units: 595 703
Total amount involved: R3 849 987,90
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Transaction by
beneficial trust
Name of Director: P. de V. Rademeyer (Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2006, 1 December 2006 and 1 December
2007
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Sell
Total number of units: 397 552
Transaction price: R9,75
Total amount involved: R3 876 132,00
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.):
Transaction by beneficial trust and personal transaction
Name of Director: P. de V. Rademeyer (Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 392 855
Transaction price: R9,80
Total amount involved: R3 849 979,00
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J.P. Moller (Alternate Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2006, 1 December 2006 and 1 December
2007
Transaction price: R6,00 / R7,35 / R8,20
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Delivery and payment
Total number of units: 378 429
Total amount involved: R2 419 989,30
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J.P. Moller (Alternate Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable) : -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2006, 1 December 2006 and 1 December
2007
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Sell
Total number of units: 251 033
Transaction price: R9,75
Total amount involved: R2 447 571,75
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J.P. Moller (Alternate Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 246 937
Transaction price: R9,80
Total amount involved: R2 419 982,60
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: C.G. Swanepoel (Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2005, 1 January 2006, 1 October 2006, 1
December 2006 and 1 December 2007
Transaction price: R6,00 / R7,35 / R8,20
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Exercise and/or delivery and
payment
Total number of units: 506 423
Total amount involved: R3 383 184,90
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: C.G. Swanepoel (Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2005, 1 January 2006, 1 October 2006, 1
December 2006 and 1 December 2007
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Sell
Total number of units: 355 262
Transaction price: R9,75
Total amount involved: R3 463 804,50
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: C.G. Swanepoel (Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 345 222
Transaction price: R9,80
Total amount involved: R3 383 175,60
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: H.C. Werth (Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2006, 1 December 2006 and 1 December
2007
Transaction price: R6,00 / R7,35 / R8,20
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.) : Delivery and payment
Total number of units: 115 719
Total amount involved: R809 988,30
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Transaction by
beneficial trust
Name of Director: H.C. Werth (Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable) : -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2006, 1 December 2006 and 1 December
2007
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Sell
Total number of units: 85 684
Transaction price: R9,75
Total amount involved: R835 419,00
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Transaction by
beneficial trust
Name of Director: H.C. Werth (Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 82 651
Transaction price: R9,80
Total amount involved: R809 979,80
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: H.C. Werth (Executive Director, Sanlam Life)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 97 297
Transaction price: R9,25
Total amount involved: R899 997,25
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: L. Lambrechts (Alternate Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 30 April 2004, 1 January 2005, 1 January 2006, 1
December 2006 and 1 December 2007
The original purchase price: R6,00 / R7,35 / R8,20. In total R1 604 403,90
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Delivery, payment and sell
Total number of units: 246 333
Transaction price: R9,75
Total amount involved: R2 401 746,75
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: L. Lambrechts (Alternate Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 163 714
Transaction price: R9,80
Total amount involved: R1 604 397,20
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: N.T. Christodoulou (Alternate Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 December 2006 and 1 December 2007
The original purchase price: R7,35 / R8,20. In total R949 992,00
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Delivery, payment and sell
Total number of units: 126 430
Transaction price: R9,75
Total amount involved: R1 232 692,50
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Transaction by
beneficial trust
Name of Director: N.T. Christodoulou (Alternate Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 96 937
Transaction price: R9,80
Total amount involved: R949 982,60
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: N.T. Christodoulou (Alternate Executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 295 981
Transaction price: R9,30
Total amount involved: R2 752 623,30
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J.P. Bester (Company Secretary)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2005, 1 January 2006, 1 October 2006, 1
December 2006 and 1 December 2007
Transaction price: R6,00 / R7,35 / R8,20
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Delivery and payment
Total number of units: 223 550
Total amount involved: R1 423 281,90
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J.P. Bester (Company Secretary)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Seven years
The option scheme expiry date: 1 January 2005, 1 January 2006, 1 October 2006, 1
December 2006 and 1 December 2007
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Sell
Total number of units: 193 550
Transaction price: R9,75
Total amount involved: R1 887 112,50
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: J.P. Bester (Company Secretary)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Eight years
The option scheme expiry date: 1 May 2012
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Acceptance of offer
Total number of units: 145 232
Transaction price: R9,80
Total amount involved: R1 423 273,60
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Personal
transaction
Name of Director: A.S. du Plessis (Non-executive Director)
Name of associate or investment manager (if applicable): -
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Five years
The option scheme expiry date: 28 February 2005
The original purchase price: R6,00. In total R666 666,00
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Delivery, payment and sell
Total number of units: 111 111
Transaction price: R9,75
Total amount involved: R1 083 332,25
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Transaction by
beneficial trust
Name of Director: G.E. Rudman (Non-executive Director)
Name of associate or investment manager (if applicable): Sanlam Private
Investments
The class of securities (shares, options, etc.): Ordinary shares (Option
scheme)
The option scheme period: Five years
The option scheme expiry date: 30 June 2004
The original purchase price: R6,00. In total R895 614,00
The date on which the transaction was effected: 15 April 2004
The nature of the transaction (buy, sell, etc.): Delivery, payment and sell
Total number of units: 149 269
Transaction price: R9,75
Total amount involved: R1 455 372,75
Pre-clearance obtained: Yes
The nature and the extent of the directors" interest in the transaction
(personal transaction, transaction by beneficial trust, etc.): Transaction by
beneficial trust
Date: 20/04/2004 03:18:31 PM Produced by the JSE SENS Department
