CLH
CLH
City Lodge - Grant Of Share Options
City Lodge Hotels Limited
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH ISIN Code: ZAE000001483
("City Lodge")
GRANT OF SHARE OPTIONS TO DIRECTORS AND COMPANY SECRETARY
In compliance with Rule 3.63 - 3.74 of the JSE Listings Requirements, the
following information is disclosed wherein share options have been awarded to
directors and company secretary of City Lodge, namely Mr C. Ross, Mr A.C.
Widegger and Mrs M.C. van Heerden on the following terms:
Director: C. Ross
Designation: Executive Director, City Lodge Hotels Limited
Date of grant: 9 November 2006
Number of Options: 52,650
Strike Price: R58.59
Value of grant: R3,084,763.50
Director: A.C. Widegger
Designation: Executive Director, City Lodge Hotels Limited
Date of grant: 9 November 2006
Number of Options: 31,590
Strike Price: R58.59
Value of grant: R1,850,858.10
Company secretary: M.C van Heerden
Designation: Group Company Secretary, City Lodge Hotels Limited
Date of grant: 9 November 2006
Number of Options: 4,680
Strike Price: R58.59
Value of grant: R274,201.20
The share options may be exercised at various periods commencing November 2008.
The share options will lapse to the extent that they are not exercised by the
tenth anniversary of the date of grant.
In accordance with Section 3.66 of the JSE Listings Requirements prior clearance
has been obtained from Mr H.R. Enderle, Chairman of the Board of City Lodge.
Sandton
17 November 2006
Sponsor
JP Morgan Equities Limited
Date: 17/11/2006 05:23:51 PM Produced by the JSE SENS Department
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