MTX - Metorex - Exercise of options and sale of sh
MTX
MEMTX
MTX - Metorex - 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. KC Spencer
Date of transaction: 13 December 2006
Option issue dates: 03.12.1999, 16.08.2000 and
30.04.2002
Total number of options 200 000
exercised:
Number of options and 75 000 at R2.80, 25 000 at R2.55
strike prices: and 100 000 at R2.85
Total value: R558 750
Class of securities: Ordinary shares
Nature of transaction: Exercise of options
Interest in transaction: Direct beneficial
Clearance to deal Yes
obtained:
Sale of shares by Mr. KC Spencer
Date of transaction: 13 December 2006
Number of securities: 200 000
Price: R14.30
Total value: R2 860 000
Class of securities: Ordinary shares
Nature of transaction: Sale
Interest in transaction: Direct beneficial
Clearance to deal Yes
obtained:
Johannesburg
14 December 2006
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 14/12/2006 12:20:01 Produced by the JSE SENS Department.
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