ESR - Esor Limited - Directors dealing in securiti
ESR
ESR
ESR - Esor Limited - Directors dealing in securities
Esor Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/000732/06)
(JSE code: ESR & ISIN: ZAE000078408)
("Esor" or "the company")
DIRECTORS DEALING IN SECURITIES
In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information relating to transactions on the open market of ordinary
shares by a director of Esor is disclosed as follows:
Name of director: G P Byrne
Date of transaction: 15 February 2007
Nature of transaction: Collar
Reference Price: 410 cents per share
Number of shares: 1 800 000
Total amount: R7 380 000.00
Class of security: Ordinary Shares
Nature of interest: Indirect Beneficial
Clearance obtained: Yes
Details of collar:
Trade term: 2 years
Trade type: OTC
Option style: European
Under lying share: Esor Limited (ESR)
Face value: R10 000 000
Spot: Average price at which Standard Bank
executes its delta hedge
Counterparty Buys: 90% of Spot put
Counterparty Sells: 130.27% of Spot call
16 February 2007
Johannesburg
Designated Adviser
Exchange Sponsors (Pty) Ltd
Date: 16/02/2007 14:03:00 Produced by the JSE SENS Department.
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