City Lodge Hotels Limited - Grant Of Share Options
City Lodge Hotels Limited - Grant Of Share Options To Directors
City Lodge Hotels Limited
`City Lodge`
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH ISIN Code : ZAE000001483
GRANT OF SHARE OPTIONS TO DIRECTORS
In compliance with Rule 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed wherein share options have been awarded to
directors of City Lodge, namely Mr C. Ross and Mr A.C. Widegger on the following
terms:
Director: C. Ross
Designation: Executive Director, City Lodge Hotels Limited
Date of grant : 15 August 2005
Number of Options : 36 000
Strike Price : R37.47
Value of Transaction: R1 348 920.00
Director: A.C. Widegger
Designation: Executive Director, City Lodge Hotels Limited
Date of grant : 15 August 2005
Number of Options : 21 000
Strike Price : R37.47
Value of Transaction: R786 870.00
The share options may be exercised at various periods commencing August 2007.
The share options will lapse to the extent that they are not exercised by the
tenth anniversary of the date of grant.
In accordance with Section 3.66 of the JSE Listings Requirements prior clearance
has been obtained from Mr H.R. Enderle, Chairman of the Board of City Lodge.
Sandton
15 August 2005
Sponsor
JP Morgan Equities Limited
Date: 15/08/2005 04:27:35 PM
Produced by the JSE SENS Department
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