Metorex Limited - Exercise of options and sale of shares by a director
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
JSE code: MTX
ISIN: ZAE000022745
Issuer code MEMTX
("Metorex")
EXERCISE OF OPTIONS AND SALE OF SHARES BY A DIRECTOR
In compliance with section 3.63 of the Listings Requirements of the JSE Limited,
Metorex advises the following transactions by an executive director of the
company in the company"s securities:
Exercise of options by Mr. C.D.S. Needham
Date of transaction: 29.09.2005
Option issue dates: 03.12.1999 and 16.08.2000
Number of options exercised: 150 000 and 50 000
Option strike price: 150 000 at R2.80 and
50 000 at R2.55
Total value: R547 500
Class of securities: Ordinary shares
Nature of transaction: Exercise of options
Interest in transaction: Direct beneficial
Clearance to deal obtained: Yes
Sale of shares by Mr. C.D.S. Needham
Date of transaction: 29.09.2005
Number of securities: 200 000
Price: 100 000 at R4.80 and
100 000 at R4.83
Total value: R963 000
Class of securities: Ordinary shares
Nature of transaction: Sale
Interest in transaction: Direct beneficial
Clearance to deal obtained: Yes
Johannesburg
3 October 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 03/10/2005 03:32:27 PM Produced by the JSE SENS Department
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