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Afgri Limited - Dealing In Securities By Directors
AFGRI Limited
(Registration number : 1995/004030/06)
Share Code: AFR
ISIN : ZAE000040549
(`AFGRI` or `the company`)
In compliance with the JSE Listings Requirements, the following information is
disclosed:
Non-executive vice chairman: G A L Ebedes
Company : AFGRI
Date of transaction : 19 May 2005
Class of security : Ordinary shares
Nature of transaction : Sale as a consequence of the
accrual and implementation of the
deferred right to sell shares
(options allocated and exercised
on 10 April 2001 at R3.09) in
terms of the company share
incentive scheme
Number of shares : 200 000
Selling price : R5.00 per share
Total value of transaction : R1 000 000
Nature of interest : Direct beneficial
Clearance received : Yes
Director : J D Wright
Company : AFGRI
Date of transaction : 19 May 2005
Class of security : Ordinary shares
Nature of transaction : Sale as a consequence of the
accrual and implementation of the deferred right
to sell shares (options allocated and exercised
on 10 April 2001 at R3.09) in terms of the
company share incentive scheme.
Number of shares : 200 000
Selling price : R5.00 per share
Total value of transaction : R1 000 000
Nature of interest : Direct beneficial
Clearance received : Yes
Director : J D Wright
Company : AFGRI
Nature of transaction : Grant and acceptance of options
with a deferred right to sell
Number of options : 2 000 000
Date of transaction : 20 May 2005
Option strike price : R4.72
Market price : R5.00
Period of deferred right
to sell : 1/2 of total number of options per
annum over the next 2 years
Total value of transaction : R9 440 000
Nature of interest : Direct beneficial
Clearance received : Yes
Director : I de Wet Goosen
Company : AFGRI
Date of transaction : 19 May 2005
Class of security : Ordinary shares
Nature of transaction : Sale as a consequence of the
accrual and implementation of the deferred right
to sell:
- 22 838 shares (options allocated and exercised
on 26 May 2000 at R4.00); and
- 200 000 shares (options allocated and exercised
on 10 April 2001 at R3.09) in terms of the
company share incentive scheme
Number of shares : 222 838
Selling price : R5.00 per share
Total value of transaction : R1 114 190
Nature of interest : Direct beneficial
Clearance received : Yes
Director : I de Wet Goosen
Company : AFGRI
Nature of transaction : Grant and acceptance of options
with a deferred right to sell
Number of options : 800 000
Date of transaction : 20 May 2005
Option strike price : R4.72
Market price : R5.00
Period of deferred right
to sell : 1/3rd of total number of options
per annum over the next 3 years
Total value of transaction : R3 776 000
Nature of interest : Direct beneficial
Clearance received : Yes
Alternate director : DM Sewela
Company : AFGRI
Nature of transaction : Grant and acceptance of options
with a deferred right to sell
Number of options : 2 000 000
Date of transaction : 20 May 2005
Option strike price : R4.72
Market price : R5.00
Period of deferred right
to sell : 1/3rd of total number of options
per annum over the next 3 years
Total value of transaction : R9 440 000
Nature of interest : Direct beneficial
Clearance received : Yes
Alternate director : JH Mooney
Company : AFGRI
Nature of transaction : Grant and acceptance of options
with a deferred right to sell
Number of options : 500 000
Date of transaction : 20 May 2005
Option strike price : R4.72
Market price : R5.00
Period of deferred right
to sell : 1/3rd of total number of options
per annum over the next 3 years
Total value of transaction : R2 360 000
Nature of interest : Direct beneficial
Clearance received : Yes
Johannesburg
23 May 2005
Sponsor
RAND MERCHANT BANK
(A divison of FirstRand Bank Limited)
Date: 23/05/2005 03:35:05 PM
Produced by the JSE SENS Department
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