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Acceptance of options by director
Erbacon Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/014490/06)
Share code: ERB
ISIN: ZAE000111571
(“Erbacon” or “the Company”)
ACCEPTANCE OF OPTIONS BY DIRECTORS GRANTED IN TERMS OF THE
ERBACON INVESTMENT HOLDINGS EMPLOYEE SHARE INCENTIVE SCHEME
In compliance with rules 3.63 to 3.74 of the JSE Limited’s
Listings Requirements, the following information is
disclosed:
1.
NAME OF DIRECTOR SJ Flanagan
COMPANY OF WHICH I AM A
DIRECTOR Erbacon Investment
Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 18 000 000
TOTAL RAND VALUE OF OPTIONS R7 200 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Indirect beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR AR Langham
COMPANY OF WHICH I AM A
DIRECTOR Erbacon Investment
Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 14 000 000
TOTAL RAND VALUE OF OPTIONS R5 600 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR RK Braithwaite
COMPANY OF WHICH I AM A DIRECTOR Erbacon Investment
Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive and Company
Secretary
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 3 000 000
TOTAL RAND VALUE OF OPTIONS R1 200 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
4.
NAME OF DIRECTOR CJB Vermaak
COMPANY OF WHICH I AM A DIRECTOR Erbacon Investment
Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 5 000 000
TOTAL RAND VALUE OF OPTIONS R2 000 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
5.
NAME OF DIRECTOR PJ Zeeman
MAJOR SUBSIDIARY COMPANY Civcontract Civils (Pty)
OF
WHICH I AM A DIRECTOR Limited
STATUS: EXECUTIVE/NON-EXECUTIVEExecutive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 2 000 000
TOTAL RAND VALUE OF OPTIONS R800 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
6.
NAME OF DIRECTOR WM Ric-Hansen
MAJOR SUBSIDIARY COMPANY OF Armstrong Construction
WHICH I AM A DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 3 000 000
TOTAL RAND VALUE OF OPTIONS R1 200 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
7.
NAME OF DIRECTOR F Goga
MAJOR SUBSIDIARY COMPANY OF Armstrong Construction
WHICH I AM A DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 650 000
TOTAL RAND VALUE OF OPTIONS R260 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
8.
NAME OF DIRECTOR CA da Costa
MAJOR SUBSIDIARY COMPANY OF Armstrong Construction
WHICH I AM A DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 650 000
TOTAL RAND VALUE OF OPTIONS R260 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
9.
NAME OF DIRECTOR SM Carroll
MAJOR SUBSIDIARY COMPANY OF Armstrong Construction
WHICH I AM A DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for
ordinary shares in the
share capital of Erbacon
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ALLOCATION 31 July 2012
DATE OF SHARE OPTION ACCEPTANCE 22 August 2012
OPTION STRIKE PRICE (CENTS) 40
NUMBER OF OPTIONS ALLOCATED 650 000
TOTAL RAND VALUE OF OPTIONS R260 000
VESTING DATES OF OPTIONS One third vests on 31
July of each year of 2015
/ 2016 / 2017
PERIOD OF EXERCISE Participants have a 6
month period from the
final vesting date (31
July 2017) during which
time all options can be
finally exercised.
NATURE OF TRANSACTION Allocation of options to
subscribe for ordinary
shares in terms of a
share incentive scheme
(Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Direct beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
23 August 2012
Designated adviser:
PSG Capital
Date: 23/08/2012 09:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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