|
MVG
MVG
Mvelaphanda Group Limited - Dealing in securities by directors
MVELAPHANDA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/004153/06)
Ordinary Share code: MVG
Ordinary shares ISIN: ZAE000060737
Preference share code: MVGP
Preference share ISIN: SAE000073540
("the Company" or "MVG")
Dealing in securities by directors
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements ("the
Listing Requirements"), the following dealings in securities by directors are
disclosed:
Name of Director: Stephen Levenberg
Date of transaction: 7 September 2006
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out below,
pursuant to the exercise of options.
Number of shares: 62 500
Aggregate consideration: R548 750
Option grant date: 10 April 2002
Option strike price: R5.60
Vesting periods: 25% after one year from the option grant date, a
further 25% after two years from the option grant
date, a further 25 % after 3 years from the option
grant date and the final 25% after four years from
the option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
Date of transaction: 7 September 2006
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out below, pursuant to the
exercise of options.
Number of shares: 1 181 250
Aggregate consideration: R10 371 375
Option grant date: 2 September 2002
Option strike price: R4.79
Vesting periods: 25% after one year from the option grant date, a
further 25% after two years from the option grant
date, a further 25 % after 3 years from the option
grant date and the final 25% after four years from
the option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
Following the abovementioned transactions, the total direct and indirect
interests of Stephen Levenberg in MVG securities at the date hereof is 11 876
800 ordinary shares.
Name of Director: Brett Till
Date of transaction: 7 September 2006
Class of security: Ordinary shares of 0,1 cent each
Nature of transaction: Sale of shares following the purchase of such
shares at the option strike price set out below,
pursuant to the exercise of options.
Number of shares: 125 000
Aggregate consideration: R1 097 500
Option grant date: 2 September 2002
Option strike price: R4.79
Vesting periods: 25% after one year from the option grant date, a
further 25% after two years from the option grant
date, a further 25 % after 3 years from the option
grant date and the final 25% after four years from
the option grant date.
Nature of interest: Indirect beneficial
Delivery and payment for the shares has been completed in terms of the Rebserve
Share Incentive Scheme.
Following the abovementioned transactions, the total direct and indirect
interests of Brett Till in MVG securities at the date hereof is 220 242 ordinary
shares.
Clearance in terms of paragraph 3.66 of the Listings Requirements has been
obtained in respect of all of the above transactions.
Johannesburg
Monday, 11 September 2006
Issued by: Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 11/09/2006 05:00:02 PM 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 ] | |||||||||||||
|
|||||||||||||
