Edgars Consolidated Stores Limited - Dealing In Se
Edgars Consolidated Stores Limited - Dealing In Securities By A Director
EDGARS CONSOLIDATED STORES LIMITED
"Edcon"
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
ISIN Code : ZAE000068649
Share Codes
JSE : ECO
NSX : ECN
DEALING IN SECURITIES BY A DIRECTOR
In compliance with paragraph 3.63 of the Listings Requirements of JSE Limited
("the Listings Requirements"), the following information is disclosed in respect
of the offer to and acceptance of share options by Mr Stephen Michael Ross, the
Chief Executive Officer of Edcon, which share options he has exercised:
Transaction Date : 17 November 2005
Price per share : 3087 cents
Number of shares : 2 000 000
Total Value : R61 740 000.00
Class of securities : Ordinary shares of 1 cent each
Option Strike Price : 3087 cents per share
Option Strike Date : 17 November 2005
Vesting Periods : One-third two years after the
option strike date, a further one-
third three years after the option
strike date and the balance four
years after the option strike
date, or 100% of grant on
termination of Mr Ross" employment
with Edcon, whichever occurs
first, provided all options are
purchased by no later than 10
years after the option strike date
Nature of Transaction : Grant of share options
Nature of Interest : Directly beneficial
In terms of paragraph 3.66 of the Listings Requirements prior clearance for Mr
Ross to deal in the above securities has been obtained from Mr W S MacFarlane,
non-executive Chairman of the Board of Directors of Edcon.
Johannesburg
17 November 2005
Sponsor
Merrill Lynch South Africa (Pty) Limited
Namibian Sponsor
Irwin Jacobs Greene (Pty) Limited
Date: 17/11/2005 09:53:35 AM Produced by the JSE SENS Department
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