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ASTRAPAK LIMITED - GRANT OF OPTIONS TO DIRECTORS
ASTRAPAK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/009169/06)
ISIN: ZAE000030938
Share Code: APK
In compliance with the JSE Securities Exchange South Africa Listings
Requirements, the following information is disclosed:
Director : RAP Upton
Company : Astrapak Limited
Date of transaction : 08 November 2004
Nature of transaction : Grant of options
Class of securities : Options in respect of linked units
Number of options granted : 50 000
Option strike price : R8.95
Period of exercise : Maximum of 33.3% is exercisable on the 2nd
anniversary
Maximum of 66.7% is exercisable on
the 3rd anniversary
Maximum of 100% is exercisable on
the 4th anniversary
Vesting : On exercise of the options
Total value of transaction : R447 500.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : R. Crewe-Brown
Company : Astrapak Limited
Date of transaction : 08 November 2004
Nature of transaction : Grant of options
Class of securities : Options in respect of linked units
Number of options granted : 200 000
Option strike price : R8.95
Period of exercise : Maximum of 33.3% is exercisable on
the 2nd anniversary
Maximum of 66.7% is exercisable on
the 3rd anniversary
Maximum of 100% is exercisable on
the 4th anniversary
Vesting : On exercise of the options
Total value of transaction : R1 790 000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : M Baglione
Company : Astrapak Limited
Date of transaction : 08 November 2004
Nature of transaction : Grant of options
Class of securities : Options in respect of linked units
Number of options granted : 120 000
Option strike price : R8.95
Period of exercise : Maximum of 33.3% is exercisable on
the 2nd anniversary
Maximum of 66.7% is exercisable on
the 3rd anniversary
Maximum of 100% is exercisable on
the 4th anniversary
Vesting : On exercise of the options
Total value of transaction : R1 074 000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : WJ Venter
Company : Astrapak Limited
Date of transaction : 08 November 2004
Nature of transaction : Grant of options
Class of securities : Options in respect of linked units
Number of options granted : 150 000
Option strike price : R8.95
Period of exercise : Maximum of 33.3% is exercisable on
the 2nd anniversary
Maximum of 66.7% is exercisable on
the 3rd anniversary
Maximum of 100% is exercisable on
the 4th anniversary
Vesting : On exercise of the options
Total value of transaction: R1 342 500.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : H Todd
Company : Astrapak Limited
Date of transaction : 08 November 2004
Nature of transaction : Grant of options
Class of securities : Options in respect of linked units
Number of options granted : 80 000
Option strike price : R8.95
Period of exercise : Maximum of 33.3% is exercisable on
the 2nd anniversary
Maximum of 66.7% is exercisable on
the 3rd anniversary
Maximum of 100% is exercisable on
the 4th anniversary
Vesting : On exercise of the options
Total value of transaction: R716 000.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : TD Dalais
Company : Astrapak Limited
Date of transaction : 08 November 2004
Nature of transaction : Grant of options
Class of securities : Options in respect of linked units
Number of options granted : 50 000
Option strike price : R8.95
Period of exercise : Maximum of 33.3% is exercisable on
the 2nd anniversary
Maximum of 66.7% is exercisable on
the 3rd anniversary
Maximum of 100% is exercisable on
the 4th anniversary
Vesting : On exercise of the options
Total value of transaction: R447 500.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : P Botha
Company : Astrapak Limited
Date of transaction : 08 November 2004
Nature of transaction : Grant of options
Class of securities : Options in respect of linked units
Number of options granted : 50 000
Option strike price : R8.95
Period of exercise : Maximum of 33.3% is exercisable on
the 2nd anniversary
Maximum of 66.7% is exercisable on
the 3rd anniversary
Maximum of 100% is exercisable on
the 4th anniversary
Vesting : On exercise of the options
Total value of transaction: R447 500.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Sandton
08 November 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 08/11/2004 12:12:45 PM
Produced by the JSE SENS Department
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