Control - Payment In Respect Of Options And Sale O
Control - Payment In Respect Of Options And Sale Of Shares By Directors
CONTROL INSTRUMENTS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
Share Code: CNL
ISIN: ZAE000001665
(`Control` or `the company`)
PAYMENT IN RESPECT OF OPTIONS AND SALE OF SHARES BY DIRECTORS
In compliance with section 3.63 of the Listings Requirements of the JSE
Securities Exchange South Africa, Control advises that directors of a subsidiary
company, Shurlok International (Pty) Limited, have taken up their options to
purchase shares and have simultaneously sold those shares.
PAYMENT IN RESPECT OF OPTIONS:
Name of director: HC du Preez
Date of transaction: 9 September 2004
Number of options paid for: 90 000
Option price: 75 cents per share
Total value: R67 500
SALE OF SHARES:
Number of shares sold: 90 000
Date of transaction: 9 September 2004
Selling price: 215 cents per share
Total value: R193 500
Nature of transaction: Sale
Class of security: Ordinary shares
Interest in transaction: Direct beneficial
Clearance to deal in terms
of paragraph 3.66 Obtained
Name of director: RKH Nethersole
Date of transaction: 9 September 2004
Number of options paid for: 350 000
Option price: 65 cents per share
Total value: R227 500
SALE OF SHARES:
Number of shares sold: 350 000
Date of transaction: 9 September 2004
Selling price: 215 cents per share
Total value: R752 500
Nature of transaction: Sale
Class of security: Ordinary shares
Interest in transaction: Direct beneficial
Clearance to deal in terms
of paragraph 3.66 Obtained
Cape Town
9 September 2004
Sponsor:
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