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Edcon - Issue Of Options
Edgars Consolidated Stores Limited
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
Share Code: ECO
ISIN Code: ZAE000018388
(`Edcon`)
DEALING IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY
In compliance with Section 3.63 of the Listings Requirements of the JSE
Securities Exchange South Africa (`the Listings Requirements`) the following
information is disclosed in respect of the offer to and acceptance of share
options by the executive directors and company secretary of Edcon, which share
options they have exercised:
Executive Director : Stephen Robert Binnie
Transaction Date : 19 May 2005
Price per share : R259.00
Number of Options : 78 000
Total value of
Options : R20 202 000.00
Class of Share : ordinary shares of 10 cents each
Option Strike Price: R259.00 per share
Option Strike Date : 19 May 2005
Nature of transaction: Grant of Share Options
Vesting Period : one-third two years after the option strike
date, a further one-third three years after the option
strike date and the balance four years after the option
strike date, provided all options are purchased by no
later than 10 years after the option strike date
Nature of Interest : Directly beneficial
Executive Director : Adriaan van Aswegen Boshoff
Transaction Date : 19 May 2005
Price per share : R259.00
Number of Options : 162 100
Total value of
Options : R41 983 900.00
Class of Share : ordinary shares of 10 cents each
Option Strike Price: R259.00 per share
Option Strike Date : 19 May 2005
Nature of transaction: Grant of Share Options
Vesting Period : one-third two years after the option strike
date, a further one-third three years after the option
strike date and the balance four years after the option
strike date, provided all options are purchased by no
later than 10 years after the option strike date
Nature of Interest : Directly beneficial
Executive Director : Mark Richard Bower
Transaction Date : 19 May 2005
Price per share : R259.00
Number of Options : 165 400
Total value of
Options : R42 838 600.00
Class of Share : ordinary shares of 10 cents each
Option Strike Price: R259.00 per share
Option Strike Date : 19 May 2005
Nature of transaction: Grant of Share Options
Vesting Period : one-third two years after the option strike
date, a further one-third three years after the option
strike date and the balance four years after the option
strike date, provided all options are purchased by no
later than 10 years after the option strike date
Nature of Interest : Directly beneficial
Executive Director : Urin Ferndale
Transaction Date : 19 May 2005
Price per share : R259.00
Number of Options : 132 700
Total value of
Options : R34 369 300.00
Class of Share : ordinary shares of 10 cents each
Option Strike Price: R259.00 per share
Option Strike Date : 19 May 2005
Nature of transaction: Grant of Share Options
Vesting Period : one-third two years after the option strike
date, a further one-third three years after the option
strike date and the balance four years after the option
strike date, provided all options are purchased by no
later than 10 years after the option strike date
Nature of Interest : Directly beneficial
Executive Director : Jon Lewis Spotts
Transaction Date : 19 May 2005
Price per share : R259.00
Number of Options : 171 200
Total value of
Options : R44 340 800.00
Class of Share : ordinary shares of 10 cents each
Option Strike Price: R259.00 per share
Option Strike Date : 19 May 2005
Nature of transaction: Grant of Share Options
Vesting Period : one-third two years after the option strike
date, a further one-third three years after the option
strike date and the balance four years after the option
strike date, provided all options are purchased by no
later than 10 years after the option strike date
Nature of Interest : Directly beneficial
Company Secretary : Elizabeth Ann Bagley
Transaction Date : 19 May 2005
Price per share : R259.00
Number of Options : 9 200
Total value of
Options : R2 382 800.00
Class of Share : ordinary shares of 10 cents each
Option Strike Price: R259.00 per share
Option Strike Date : 19 May 2005
Nature of transaction: Grant of Share Options
Vesting Period : one-third two years after the option strike
date, a further one-third three years after the option
strike date and the balance four years after the option
strike date, provided all options are purchased by no
later than 10 years after the option strike date
Nature of Interest : Directly beneficial
In terms of Section 3.66 of the JSE Listings Requirements prior clearance to
deal in the above securities has been obtained from Mr W S MacFarlane, non-
executive Chairman of the Board of Directors of Edgars Consolidated Stores
Limited.
Johannesburg
20 May 2005
Sponsor:
JP Morgan Equities Limited
Namibian Sponsor
Irwin Jacobs Greene(Pty)Limited
Date: 20/05/2005 03:44:17 PM
Produced by the JSE SENS Department
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