Edcon - Dealing In Shares By A Director
EDGARS CONSOLIDATED STORES LIMITED
`Edcon`
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
Share Code : ECO ISIN Code : ZAE000018388
DEALING IN SHARES BY A DIRECTOR
Mr Mark Bower, Executive Director and Chief Executive : Group Services of Edcon,
has a family trust which has purchased 20 000 Edcon Ordinary Shares over which
it had options issued on 10 March 1999. The final tranche of these options
vested on 10 March 2002.
In compliance with paragraph 3.63 of the Listings Requirements of the JSE
Securities Exchange South Africa (`the Listings Requirements`) we hereby advise
the following details of this transaction:
Transaction Date : 16 September 2004
Number of Securities : 20 000
Option Strike Price : 2730 cents per share
Option Strike Date : 10 March 1999
Vesting Periods : one-third 1 year after the option strike date, a
further one-third 2 years after the option strike date
and the balance 3 years after the option strike date,
provided all options are purchased by no later than 10
years after the option strike date.
Purchase Price : 2730 cents per share
Total Value : R546 000.00
Class of Securities : Ordinary shares of 10 cents each
Nature of Transaction: Purchase, pursuant to the
exercise of share options
Nature of interest : Directly beneficial
In terms of paragraph 3.66 of the Listings Requirements prior clearance for Mr
Bower to deal in the above securities has been obtained from Mr W S MacFarlane,
non-executive Chairman of the Board of Directors of Edgars Consolidated Stores
Limited.
Johannesburg
16 September 2004
Sponsor
Cazenove
Date: 16/09/2004 03:12:36 PM
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