Mercantile Bank Holdings Limited - Dealing in secu
MTL
MTL
Mercantile Bank Holdings Limited - Dealing in securities by a director
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/000164/06)
Share code: MTL & ISIN: ZAE000064721
("Mercantile")
Dealing in securities by a director
In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listing
Requirements, the following information is disclosed:
Director: Mr DJ Brown
Nature of transaction: Grant and acceptance of options
Date of transaction: 31 March 2006
Price per option: 40 cents
Number of options: 7 000 000
Total value: R 2 800 000
Class of security: Options in respect of ordinary shares of 1 cent
each
Period of exercise: 33% after the expiration of 2 years from 31 March
2006; a further 33% after the expiration of 3
years from 31 March 2006; the remaining options
(34%) after the expiration of 4 years from 31
March 2006
Nature of interest: Direct beneficial
Clearance was given
31 March 2006
Johannesburg
Sponsor: Bridge Capital Services (Pty) Limited
Date: 31/03/2006 11:43:04 AM Produced by the JSE SENS Department
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