Glenrand M.I.B - 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: 17 December 2004
Nature of transaction: Exercise of options and subsequent sale of
shares on the open market at R3.7135
Strike price: R1.94 per option
Number of shares: 60 000 ordinary shares
Total value: R116 400
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.
All options relating to this tranche have now
been exercised.
Written permission obtained: Yes
Date: 20/12/2004 12:05:13 PM
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