MTL - Mercantile - Directors` dealings in securiti
MTL
MTL
MTL - Mercantile - Directors` dealings in securities
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/000164/06)
Share code: MTL ISIN: ZAE000064721
("Mercantile")
Directors` dealings in securities
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:
Director: Mr D J Brown
Nature of transaction: Grant and acceptance of options
Date of transaction: Granted on 26 February 2007 and accepted on
28 February 2007
Price per option: 34 cents
Number of options: 8 000 000
Total value: R2 720 000
Class of security: Ordinary shares of 1 cent each
Period of exercise: 33% after the expiration of 2 years from 26 February
2007, a further 33% after the expiration of 3 years
from 26 February 2007; and the remaining options (34%)
after the expiration of 4 years from 26 February 2007
Nature of interest: Direct Beneficial
Clearance was given
Company Secretary: Ms R van Rensburg
Nature of transaction: Grant and acceptance of options
Date of transaction: Granted on 26 February 2007 and accepted on
28 February 2007
Price per option: 34 cents
Number of options: 500 000
Total value: R170 000
Class of security: Ordinary shares of 1 cent each
Period of exercise: 33% after the expiration of 2 years from 26 February
2007, a further 33% after the expiration of 3 years
from 26 February 2007; and the remaining options (34%)
after the expiration of 4 years from 26 February 2007
Nature of interest: Direct Beneficial
Clearance was given
Johannesburg
1 March 2007
Sponsor: Bridge Capital Advisors (Proprietary) Limited
Date: 01/03/2007 10:17:01 Produced by the JSE SENS Department.
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