ABIL - Dealings by director
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 DIRECTOR 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. In addition, after the transactions set out
below, the director has elected to convert his remaining unvested options to the
new cash settled long-term incentive programme in accordance with approvals
obtained from shareholders.
Director: Toni Fourie
Company: ABIL
Office held: Executive Director
Nature of transaction: Exercise and delivery of vested
options and subsequent sale of shares.
Number of options: 540 000, with the following strike prices
340 000 with a strike price of 482cps
200 000 with a strike price of 1038cps
Selling Price: 2137 cps
Date of transaction: 17 August 2005
Total value of
Sale Transaction: R11 539 228
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
19 August 2005
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 19/08/2005 10:55:51 AM
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