Glenrand M.I.B Limited - Dealing in securities by a director
Glenrand M.I.B Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share Code: GMB ISIN : ZAE000018529
(`Glenrand M.I.B`)
DEALING IN SECURITIES BY A DIRECTOR
In compliance with rule 3.63 to 3.74 of the JSE Securities Exchange South Africa
Listing Requirements, the following information relating to the dealing in
securities by a director is disclosed:
Name: Mr D J Harpur
Designation: Chief Executive Officer
Date of transaction: 26 November 2004
Nature of transaction: Exercise of options and subsequent sale of shares
on the open market at R3.5135per share
Strike price: R1.67 per option
Number of shares: 180 000 ordinary shares
Total value: R300 600
Nature and extent of interest:Direct beneficial
Vesting period: 200 000 options were granted on 12 June 1998,
exercisable as follows:
- 35% of the options after three years, a
further
- 35% after four years, and 30% after five
years. All options relating to this tranche
have now been exercised.
Written permission obtained: Yes
Name: Mr D J Harpur
Designation: Chief Executive Officer
Date of transaction: 25 & 26 November 2004
Nature of transaction: Exercise of options and subsequent sale of shares
on the open market at R3.5431
Strike price: R1.94 per option
Number of shares: 140 000 ordinary shares
Total value: R271 600
Nature and extent of interest:Direct beneficial
Vesting period: 200 000 options were granted on 17 December 1999,
exercisable as follows:
- 35% of the options after three years, a
further 35% after four years, and 30% after
five years.
Written permission obtained: Yes
Johannesburg
29 November 2004
Sponsor and investment bank
Nedbank Capital
Date: 29/11/2004 11:42:13 AM
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