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EDGARS CONSOLIDATED STORES LIMITED - ISSUE OF SHARE OPTIONS TO EXECUTIVE
DIRECTORS
Edgars Consolidated Stores Limited
`Edcon`
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
JSE Share Code: ECO
ISIN Code: ZAE000018388
ISSUE OF SHARE OPTIONS TO EXECUTIVE DIRECTORS OF EDGARS CONSOLIDATED STORES
LIMITED (`Edcon`)
The following information is disclosed in respect of the grant, acceptance and
exercise of share options to the company secretary and executive directors of
Edcon:
Company Secretary : Elizabeth Ann Bagley
Date of Offer : 19 January 2004
Offer Price : R118.00 per share
Number of Options : 20000
Class of share : ordinary shares of 10 cents each
Date of Acceptance : 20 January 2004
Date of Exercise : 20 January 2004
Strike Price : 120.85 per share
Nature of transaction : Directly beneficial
Director`s Name : Steven Robert Binnie
Offer Date : 13 May 2004
Offer Price : R138.50 per share
Number of Options : 19660
Class of Share : ordinary shares of 10 cents each
Date of Acceptance : 2 June 2004
Date of Exercise : 2 June 2004
Strike Price : R141.00 per share
Nature of transaction : Directly beneficial
Director`s Name : Adriaan van Aswegan Boshoff
Offer Date : 13 May 2004
Offer Price : R138.50 per share
Number of Options : 33341
Class of Share : ordinary shares of 10 cents each
Date of Acceptance : 2 June 2004
Date of Exercise : 2 June 2004
Strike Price : R141.00 per share
Nature of transaction : Directly beneficial
Director`s Name : Mark Richard Bower
Offer Date : 13 May 2004
Offer Price : R138.50 per share
Number of Options : 44501
Class of Share : ordinary shares of 10 cents each
Date of Acceptance : 2 June 2004
Date of Exercise : 2 June 2004
Strike Price : R141.00 per share
Nature of transaction : Directly beneficial
Director`s Name : Urin Ferndale
Offer Date : 13 May 2004
Offer Price : R138.50 per share
Number of Options : 22556
Class of Share : ordinary shares of 10 cents each
Date of Acceptance : 2 June 2004
Date of Exercise : 2 June 2004
Strike Price : R141.00 per share
Nature of transaction : Directly beneficial
Director`s Name : Jon Lewis Spotts
Offer Date : 13 May 2004
Offer Price : R138.50 per share
Number of Options : 39739
Class of Share : ordinary shares of 10 cents each
Date of Acceptance : 2 June 2004
Date of Exercise : 2 June 2004
Strike Price : R141.00 per share
Nature of transaction : Directly beneficial
All of the above share options which have been granted to executive directors
vest as follows:
- 30% of the total number issued after 2 years
- a further 30% of the total number issued after 3 years the balance after 4
years.
In terms of Section 3.66 of the JSE Listings Requirements prior clearance to
accept and exercise the above share options has been obtained by all of the
abovementioned directors from Mr A J Aaron, Chairman of the Remuneration and
Nominations Committee of Edcon.
Crown Mines
3 June 2004
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