Go Back Email this Link to a friend


Exx - Exxaro - Acceptance Of Conditional Awards Released In Terms Of The Exxaro

Release Date: 08/04/2011 15:00:32      Code(s): EXX
EXX - Exxaro - Acceptance Of Conditional Awards Released in terms of the Exxaro 
Resources Limited Share Appreciation Rights Scheme 2006 ("SAR") to a Director of
Exxaro`s Major Subsidiary Company                                               
EXXARO RESOURCES LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
Registration Number:  2000/011076/06                                            
JSE share code:  EXX                                                            
ISIN:  ZAE000084992                                                             
ADR code:  EXXAY                                                                
(Exxaro)                                                                        
ACCEPTANCE OF CONDITIONAL AWARDS RELEASED IN TERMS OF THE EXXARO RESOURCES      
LIMITED SHARE APPRECIATION RIGHTS SCHEME 2006 ("SAR") TO A DIRECTOR OF EXXARO`S 
MAJOR SUBSIDIARY COMPANY                                                        
In terms of paragraphs 3.63 and 3.65 of the JSE Listings Requirements notice is 
hereby given that a director of Exxaro`s major subsidiary company received and  
accepted awards released in terms of the SAR Scheme, after having received      
clearance to do so in terms of paragraph 3.66 of the JSE Listings Requirements. 
Name:                    PE Venter                                              
Director:                Exxaro Coal (Pty) Ltd                                  
Date of transaction:     06 April 2011                                          
Number of shares:        7,016                                                  
Vesting period:          7 years                                                
Class of securities:     Ordinary                                               
Nature of interest:      Direct Beneficial                                      
Offer strike price:      R60.60                                                 
Offer strike date:       01 March 2007                                          
Nature of transaction:   Acceptance of conditional awards vested and released in
terms of the SAR Scheme                                 
Market price per share:  R172.27                                                
Value of shares:         R1,208,646.32                                          
Number of shares:        3,527                                                  
Offer strike price:      R112.35                                                
Offer strike date:       01 April 2007                                          
Nature of transaction:   Acceptance of conditional awards vested and released in
                        terms of the SAR Scheme                                 
Market price per share:  R172.27                                                
Value of shares:         R607,596.29                                            
Number of shares:        5,514                                                  
Offer strike price:      R60.60                                                 
Offer strike date:       01 April 2007                                          
Nature of transaction:   Acceptance of conditional awards vested and sold in    
                        terms of the SAR Scheme                                 
Market price per share:  R173.20                                                
Value of shares:         R955,024.80                                            
Number of shares:        2,772                                                  
Offer strike price:      R112.35                                                
Offer strike date:       01 April 2008                                          
Nature of transaction:   Acceptance of conditional awards vested and sold in    
                        terms of the SAR Scheme                                 
Market price per share:  R173.20                                                
Value of shares:         R480,110.40                                            
MS VILJOEN                                                                      
COMPANY SECRETARY                                                               
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
07 April 2011                                                                   
Date: 08/04/2011 15:00:31 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.