|
ABIL - Dealings By Directors And Company Secretary
African Bank Investments Limited
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
(Share code: ABL)
(ISIN : ZAE000030060)
(`ABIL`)
DEALINGS BY DIRECTORS AND COMPANY SECRETARY PERSUANT TO THE CONVERSION OF THE
EXISTING EMPLOYEE SHARE OPTION SCHEME.
At a general meeting of shareholders held on 5 August 2005 shareholders approved
certain mechanisms for the orderly wind down of the existing employee share
option scheme in anticipation of the implementation of a new non-option based
long-term incentive programme. ABIL advises that, in accordance with rules
3.63 to 3.66 of the Listings Requirements of the JSE Limited, it has been
informed of the following dealings. It should be noted that in terms of the
dealings disclosed below, all options exercised, purchased and subsequently sold
had vested by 11 August 2005 and that some options purchased and held are
subject to vesting restrictions, including sale of these shares until the
original vesting dates. In addition, after the transactions set out below, the
directors have elected to convert their remaining unvested options, if any, to
the new cash settled long-term incentive programme in accordance with approvals
obtained from shareholders.
Director : Leon Kirkinis
Company : ABIL
Office held : CEO
1) Nature of transaction : Delivery of shares in terms of options already
exercised.
Number of shares : 2 780 000 shares with the following strike
prices
600 000 with a strike price of 408cps
180 000 with a strike price of 410cps
2 000 000 with a strike price of 482cps
Date of transaction : 12 August 2005
Vesting conditions : 1 160 000 shares have vested in terms of the
option
scheme and
1 620 000 shares are subject to restrictions
on selling until the original vesting dates
per the option grants have passed.
Total value of Transaction : R12 826 000
Security class : Ordinary shares
Nature and extent of
director`s interest : 2 180 000 shares - Indirect Beneficial
600 000 shares - Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Director : Gordon Schachat
Company : ABIL
Office held : Executive Deputy Chairman
1) Nature of transaction : Delivery of shares in terms of options already
exercised.
Number of shares : 2 380 000 shares with the following strike
prices
600 000 with a strike price of 408 cps
180 000 with a strike price of 410 cps
1 600 000 with a strike price of 482 cps
Date of transaction : 12 August 2005
Vesting conditions : 1 060 000 shares have vested in terms of the
option scheme and
1 320 000 shares are subject to restrictions
on selling until the original vesting dates
per the option grants have passed.
Total value of Transaction : R10 898 000
Security class : Ordinary shares
Nature and extent of
director`s interest : 1 780 000 shares - Indirect Beneficial
600 000 shares - Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Director : David Woollam
Company : ABIL
Office held : Executive Director
1) Nature of transaction : Exercise and delivery of shares in terms of
options granted.
Number of options : 900 000, with the following strike prices
500 000 with a strike price of 397 cps
400 000 with a strike price of 482 cps
Date of transaction : 12 and 15 August 2005
Vesting conditions : 700 000 shares have vested in terms of the
option scheme and
200 000 shares are subject to restrictions on
selling until the original vesting dates per
the option grants have passed.
Total value of Transaction : R3 913 000
Security class : Ordinary shares
Nature and extent of
director`s interest : 900 000 shares - Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
2) Nature of transaction : Sale of shares.
Number of shares : 500 000
Selling Price : 2164 cps
Date of transaction : 12 and 15 August 2005
Total value of Transaction : R10 820 000
Security class : Ordinary shares
Nature and extent of
director`s interest : Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Director : Johan de Ridder
Company : ABIL
Office held : Executive Director
1) Nature of transaction : Exercise and delivery of shares in terms of
options granted.
Number of options : 1 120 000, with the following strike prices
800 000 with a strike price of 482 cps
200 000 with a strike price of 408 cps
120 000 with a strike price of 1038 cps
Date of transaction : 12 and 15 August 2005
Vesting conditions : 520 000 shares have vested in terms of the
option scheme and
600 000 shares are subject to restrictions on
selling until the original vesting dates per
the option grants have passed.
Total value of Transaction : R5 917 600
Security class : Ordinary shares
Nature and extent of
director`s interest : 800 000 shares - Indirect Beneficial
320 000 share - Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
2) Nature of transaction : Sale of shares
Number of shares : 320 000
Selling Price : 2164 cps
Date of transaction : 12 and 15 August 2005
Total value of Transaction : R6 924 800
Security class : Ordinary shares
Nature and extent of
director`s interest : Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Director : Tami Sokutu
Company : ABIL
Office held : Executive Director
1) Nature of transaction : Exercise and delivery of vested options and
subsequent sale of shares.
Number of options : 1 000 000, with the following strike prices
400 000 with a strike price of 407 cps
600 000 with a strike price of 482 cps
Selling Price : 2164 cps
Date of transaction : 12 and 15 August 2005
Total value of Sale
Transaction : R21 640 000
Security class : Ordinary shares
Nature and extent of
director`s interest : Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Director : Dawn Marole
Company : ABIL
Office held : Executive Director
1) Nature of transaction : Exercise and delivery of vested options and
subsequent sale of shares.
Number of options : 340 000, with a strike price of 573 cps
Selling Price : 2164 cps
Date of transaction : 12 and 15 August 2005
Total value of Sale
Transaction : R7 357 600
Security class : Ordinary shares
Nature and extent of
director`s interest : Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Director : Angus Herselman
Company : ABIL
Office held : Executive Director
1) Nature of transaction : Exercise and delivery of vested options and
subsequent sale of shares.
Number of options : 540 000, with the following strike prices
160 000 with a strike price of 408 cps
380 000 with a strike price of 482 cps
Selling Price : 2164 cps
Date of transaction : 12 and 15 August 2005
Total value of Sale
Transaction : R11 685 600
Security class : Ordinary shares
Nature and extent of
director`s interest : Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Company Secretary : Sarita Martin
Company : ABIL
Office held : Company Secretary
1) Nature of transaction : Exercise and delivery of vested options and
subsequent sale of shares.
Number of options : 89 226, with the following strike prices
19 226 with a strike price of 410 cps
70 000 with a strike price of 1038 cps
Selling Price : 2164 cps
Date of transaction : 12 August 2005
Total value of Sale
Transaction : R1 930 851
Security class : Ordinary shares
Nature and extent of
director`s interest : Direct Beneficial
Clearance : The required clearance per rule 3.66 has been
obtained
Midrand
16 August 2005
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 17/08/2005 07:57:15 AM
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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
