|
MUR
MUR
MUR - Murray & Roberts Holdings Limited - Allocation Of Share Options
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration no: 1948/029826/06
Share code: MUR
ISIN code: ZAE0000073441
"Murray & Roberts" or "the Group"
ALLOCATION OF SHARE OPTIONS
Notice in terms of Rule 3.63 and 3.66 of the JSE Listings Requirements
Shareholders are advised that the Group intends to grant options to selected
executive directors and senior executives ("participants") in terms of the
Employee Share Incentive Scheme ("Scheme") approved by shareholders. The
primary purpose of the grant of options is to secure the retention and
performance of the participants through the Group`s executive succession and
development program up to and beyond 2010.
The Murray & Roberts Trust has amended the restriction period contained within
the Scheme for this grant of option only. The initial entitlement to exercise is
consequently delayed from the second anniversary date of the grant of option to
the fourth anniversary date of the grant of option, being 4 March 2011. A second
entitlement to exercise will arise on the fifth anniversary date of the grant of
option, with any remaining options granted being available to exercise three
months ahead of the sixth anniversary and date of lapsing of the grant of
option.
The vesting details for each participant are contained within the agreement
between each participant and the Murray & Roberts Trust.
This grant of option is referenced to the projected Total Fixed Cost of
Employment for the participants over the four-year period to December 2010. The
participants shall not be granted any further options until this grant of option
has lapsed on 4 March 2013.
Name of employee Designation Grant of Option Nature of Interest
BC Bruce Executive Director 800 000 Direct Beneficial
SJ Flanagan Executive Director 435 000 Direct Beneficial
KE Smith Executive Director 410 000 Direct Beneficial
RW Rees Executive Director 380 000 Direct Beneficial
PJ Adams Subsidiary Director 500 000 Direct Beneficial
AJ Bester Subsidiary Director 500 000 Direct Beneficial
MP Chaba Subsidiary Director 365 000 Direct Beneficial
NWR Harvey Subsidiary Director 325 000 Direct Beneficial
E Hewitt Subsidiary Director 365 000 Direct Beneficial
H Laas Subsidiary Director 385 000 Direct Beneficial
AR Langham Subsidiary Director 400 000 Direct Beneficial
RC Noonan Subsidiary Director 375 000 Direct Beneficial
GD Taylor Subsidiary Director 300 000 Direct Beneficial
Participation in this grant of option is at a strike price of 5060 cents per
share.
Johannesburg
7 March 2007
Sponsor: Merrill Lynch South Africa (Pty) Limited
Date: 07/03/2007 16:46:58 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 ] | |||||||||||||
|
|||||||||||||
