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Tiger Brands - Notice Of Sharedealings
Tiger Brands Limited
Share Code: TBS
ISIN Code: ZAE000023560
(`Tiger Brands`, or `the Company`)
NOTICE OF SHAREDEALINGS LODGED WITH THE JSE Securities Exchange South Africa IN
TERMS OF THE REVISED LISTINGS REQUIREMENTS PARAGRAPH 3.63
1.
In terms of paragraph 3.63 of the Listings Requirements of the JSE Securities
Exchange, notice is hereby given that M H Franklin, an executive director of
Tiger Brands, has exercised 35 900 options, being options that were beneficially
held by him in terms of the Tiger Brands (1985) Share Purchase Scheme, and has
taken a loan to fund such purchase, but has not disposed of any shares.
Details in respect of options exercised are reflected hereunder:
Date Options Number of Options Strike Price Date Exercised
Granted (R)
08/11/1999 19 300 57.24625 04/06/2004
14/11/2000 16 600 52.64625 04/06/2004
The director`s interest in the transaction is that M H Franklin exercised 9.34%
of the total of ordinary options beneficially held by him in terms of the
Company`s share option and share purchase schemes.
In accordance with the terms of clause 3.66 of the Listings Requirements of the
JSE Securities Exchange South Africa, clearance to deal was given to M H
Franklin, prior to his exercising of the options, by the Chairman of the Board
of Tiger Brands Limited.
2.
In terms of paragraph 3.63 of the Listings Requirement of the JSE Securities
Exchange, notice is hereby given that M C Norris, an executive director of Tiger
Brands, has exercised 16 500 options and disposed of 16 500 ordinary shares in
Tiger Brands Limited, being shares that were beneficially held by M C Norris.
Details in respect of options exercised are reflected hereunder:
Date Options Number of Options Strike Price Date Exercised
Granted (R)
11/09/1998 10 300 34.09625 07/06/2004
22/09/1998 6 200 36.09625 07/06/2004
THE SHARES THAT WERE DISPOSED OF WERE DISPOSED OF ON 7 JUNE 2004 AT THE PRICES
REFLECTED HEREUNDER:
Number of Shares Price (R) Value (R)
4 000 91.00 364 000.00
9 437 91.10 859 710.70
3 063 91.15 279 192.45
The director`s interest in the transaction is that M C Norris disposed of 4.88%
of the total of ordinary options beneficially held by him in terms of the
Company`s share option and share purchase schemes.
In accordance with the terms of clause 3.66 of the Listings Requirements of the
JSE Securities Exchange South Africa, clearance to deal was given to M C Norris,
prior to his disposal of the shares by the Chairman of the Board of Tiger Brands
Limited.
3.
In terms of paragraph 3.63 of the Listings Requirements of the JSE Securities
Exchange, notice is hereby given that the following directors/company
secretary/director of a major subsidiary were granted Tiger Brands share options
in terms of the provisions of the Tiger Brands (1985) Share Option Scheme on 29
January 2004 at a price of R 80.02 per ordinary share being the simple average
of the closing price of the Tiger Brands share on JSE Securities Exchange for
the 30 trading days prior to 29 January 2004:
Name: Designation: Number of
options
granted
N Dennis Chief Executive Officer - Tiger 214 000
Brands Ltd
M H Franklin Executive Director - Tiger Brands 60 000
Ltd
R V Smither Executive Director - Tiger Brands 47 000
Ltd
C F H Vaux Executive Director - Tiger Brands 19 000
Ltd
M C Norris Executive Director - Tiger Brands 60 000
Ltd
I W M Isdale Group Secretary - Tiger Brands 19 000
Ltd
D Kronson Director - Adcock Ingram Ltd 9 000
In terms of the rules of the Tiger Brands (1985) Share Option Scheme:
- one-third of the options vest after three years have elapsed from the date on
which the options were granted;
- two- thirds of the options vest after four years have elapsed from the date
on which the options were granted; and
- all options vest after five years have elapsed from the date on which the
options were granted.
In accordance with the terms of clause 3.66 of the Listings Requirements of the
JSE Securities Exchange South Africa, clearance was given for the above by the
chairman of the board of Tiger Brands Limited.
Sandton
9 June 2004
Sponsor
Cazenove
Date: 09/06/2004 11:49:16 AM Produced by the JSE SENS Department
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