Highveld Steel and Vanadium Corporation Limited - Exercise in Share options
Highveld Steel and Vanadium Corporation Limited
A member of the Anglo American plc Group
Registration no. 1960/001900/06
(Incorporated in the Republic of South Africa)
(`Highveld` or `the corporation`)
Share code: HVL
ISIN code: ZAE000003422
DEALING IN SECURITIES BY A DIRECTOR
In compliance with the relevant provisions of the JSE Listings Requirements, the
following information was disclosed on 15 August 2005 at 12h30 wherein an
executive director, Mr LM Matteucci exercised share options as follow:
Strike price :R10.50
Vesting date :02.02.1998
Exercise date :15.08.2005
Number of shares :12 500
Total value :R131 250.00
Nature of interest :Direct beneficial
Mr LM Matteucci sold the above shares on 15 August 2005. The shares, which he
took delivery of following the exercise of the option, have been sold on the
following terms:
Transaction date :15.08.2005
Number of shares :12 500
Class of security :Ordinary shares of 100 cent each
Transaction price :R70.00
Total value :R875 000.00
Extent of interest :Direct beneficial
In terms of Section 3.66 of the Listings Requirements prior clearance to deal in
the above securities has been obtained from the chairman of the Board of
Highveld.
Witbank
16 August 2005
Sponsor
JP MORGAN EQUITIES LIMITED
Date: 16/08/2005 10:31:41 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
