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Durban Roodepoort Deep, Limited - Share Option Allocations
Durban Roodepoort Deep, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
(Share code: DUR)
(ISIN: ZAE000015079)
(ARBN number: 086 277 616)
(NASDAQ trading symbol: DROOY)
(`DRDGOLD`)
SHARE OPTION ALLOCATIONS
DRDGOLD announces that, in terms of the six-monthly allocation of employee share
options for the Durban Roodepoort Deep, Limited (1996) Employee Share Option
Scheme (as amended) (`the Employee Share Option Scheme`), the following
allocations have taken place:
- a total of 1 562 600 share options in aggregate were allocated to 75 senior
members of staff on 26 April 2004; and
- a total of 2 054 300 share options in aggregate were allocated to 89 senior
members of staff on 1 November 2004.
In compliance with rules 3.63 to 3.74 of the Listing Requirements of the JSE
Securities Exchange South Africa, the following information is disclosed
regarding the allocation of share options to directors under the Employee Share
Option Scheme.
26 April 2004
Name Number of Strike price Total value
options (Rand) (Rand)
Directors
A Lubbe 64 200 19.36 1 242 912
D van der Mescht 68 200 19.36 1 320 352
Company secretary
A Townsend 16 800 19.36 325 248
All of the above options represent direct, beneficial interests in DRDGOLD
shares and vest in the manner set out in the table below.
Vesting date Percentage of allocation vesting
26 October 2004 25%
26 April 2005 25%
26 April 2006 25%
26 April 2007 25%
1 November 2004
Name Number of Strike price Total value
options (Rand) (Rand)
Directors
A Lubbe 106 500 10.93 1 164 045
Company secretary
A Townsend 27 300 10.93 298 389
All of the above options represent direct, beneficial interests in DRDGOLD
shares and vest in the manner set out in the table below.
Vesting date Percentage of allocation vesting
01 May 2005 25%
01 November 2005 25%
01 November 2006 25%
01 November 2007 25%
In line with DRDGOLD corporate governance principles and in terms of Rule 3.66
of the Listings Requirements of the JSE, prior clearance for the above
allocations has been obtained from the Chairman of the Remuneration Committee of
DRDGOLD and the Chairman of the DRDGOLD Board.
Johannesburg
10 November 2004
Sponsor
Standard Bank
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