| Wed 15 Dec 2004, 17:47 | | Dealing In Securities By Directors |
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Mvelaphanda Group Limited - Dealing In Securities By Directors
MVELAPHANDA GROUP LIMITED
(Formerly known as Rebserve Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1995/004153/06)
Share code: MVG
ISIN: ZAE000060737
(`the Company` or `MVG`)
Dealing in securities by directors
In compliance with Rules 3.63 - 3.74 of the JSE Securities Exchange Listings
Requirements (`the Listing Requirements`), the following dealings in securities
by directors are disclosed:
1. Name of Director: Stephen Levenberg
1.1 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Purchase of shares on the basis disclosed in the
circular to Rebserve shareholders dated 30 July
2004.
Number of shares: 7 142 857
Aggregate consideration: R50 000 000
Nature of interest: Indirect beneficial
1.2 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out below,
pursuant to the exercise of options.
Number of shares: 125 000
Aggregate consideration: R898 750
Option grant date: 10 April 2002
Option strike price: R5.60
Vesting periods: 25% after one year from the option grant date, a
further 25% after two years from the option grant
date, a further 25 % after 3 years from the option
grant date and the final 25% after four years from
the option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
1.3 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out below,
pursuant to the exercise of options.
Number of shares: 2 362 500
Aggregate consideration: R16 986 375
Option grant date: 2 September 2002
Option strike price: R4.79
Vesting periods: 25% after one year from the option grant
date, a further 25% after two years from the
option grant date, a further 25 % after 3
years from the option grant date and the
final 25% after four years from the option
grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
Following the abovementioned transactions, the total direct and indirect
interests of Stephen Levenberg in MVG securities at the date hereof is 11 849
129 shares and 2 487 500 options/scheme shares held via the Rebserve Share
Incentive Scheme.
2. Name of Director: Will Paskins
2.1 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out
below, pursuant to the exercise of options.
Number of shares: 156 469
Aggregate consideration: R1 125 010
Option grant date: 4 April 2001
Option strike price: R6.50
Vesting periods: 25% after one year from the option grant
date, a further 25% after two years from the
option grant date, a further 25 % after 3
years from the option grant date and the
final 25% after four years from the
option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
2.2 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out
below, pursuant to the exercise of options.
Number of shares: 400 000
Aggregate consideration: R2 876 000
Option grant date: 2 September 2002
Option strike price: R4.79
Vesting periods: 25% after one year from the option grant
date, a further 25% after two years from the
option grant date, a further 25 % after 3
years from the option grant date and the
final 25% after four years from the
option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
Following the abovementioned transactions, the total direct and indirect
interests of Will Paskins in MVG securities at the date hereof is 452 156
options/scheme shares held via the Rebserve Share Incentive Scheme.
3. Name of Director: Brett Till
3.1 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out
below, pursuant to the exercise of options.
Number of shares: 200 000
Aggregate consideration: R1 438 000
Option grant date: 1 October 1997
Option strike price: R8.00
Vesting periods: 25% after one year from the option grant
date, a further 25% after two years from the
option grant date, a further 25 % after 3
years from the option grant date and the
final 25% after four years from the option
grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
3.2 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out
below, pursuant to the exercise of options.
Number of shares: 112 500
Aggregate consideration: R808 875
Option grant date: 4 April 2001
Option strike price: R6.50
Vesting periods: 25% after one year from the option grant
date, a further 25% after two years from the
option grant date, a further 25 % after 3
years from the option grant date and the
final 25% after four years from the
option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
3.3 Date of transaction: 10 December 2004
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out below,
pursuant to the exercise of options.
Number of shares: 250 000
Aggregate consideration: R1 797 500
Option grant date: 2 September 2002
Option strike price: R4.79
Vesting periods: 25% after one year from the option grant date, a
further 25% after two years from the option grant
date, a further 25 % after 3 years from the
option grant date and the final 25% after four
years from the option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
Following the abovementioned transactions, the total direct and indirect
interests of Brett Till in MVG securities at the date hereof is 220 142 shares
and 287 500 options/scheme shares held via the Rebserve Share Incentive Scheme.
Clearance in terms of paragraph 3.66 of the Listings Requirements has been
obtained in respect of all of the above transactions.
Johannesburg
Tuesday 15 December 2004
Issued by: Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 15/12/2004 05:06:05 PM
Produced by the JSE SENS Department
