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CDZ - Cadiz Holdings Limited -Directors` Interests Cadiz Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1997/007258/06) Share code: CDZ ISIN: ZAE000017661 DIRECTORS` INTERESTS In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following information is disclosed: Cadiz announces the following conditional awards of ordinary shares and B preference shares in the capital of the Company by the Cadiz Executive Equity Scheme Trust in terms of the Trust Deed and Conditional Offer approved at the Annual General Meeting on 31 August 2010. The new scheme, in terms of which key employees receive a portion of their annual performance award in conditional equity rather than cash, was introduced to align such employees with the shareholders. The awards which are based on a share price of 331.78 vest on 3 June 2011 and are exercisable 1/3 per annum from 3 June 2011. Director : Dan Ahern Office held : Director of major subsidiary Company : Cadiz Securities (Pty) Ltd Number : 490 309 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares
Nature of interest : Direct beneficial Director : Ram Barkai Office held : Director Company : Cadiz Holdings Limited Number : 747 138 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares Nature of interest : Direct beneficial Director : Frank Cadiz Office held : Director of major subsidiary Company : Cadiz Asset Management (Pty) Ltd Number : 350 221 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares Nature of interest : Direct beneficial Director : Robbie Gonsalves Office held : Director of major subsidiary Company : Cadiz Special Projects Limited Number : 194 069 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares Nature of interest : Direct beneficial Director : Evan Jones Office held : Director of major subsidiary Company : Cadiz Asset Management (Pty) Ltd Number : 431 939 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares
Nature of interest : Direct beneficial Director : Kevin Morley Office held : Director of major subsidiary Company : Cadiz Securities (Pty) Ltd Number : 84 053 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares Nature of interest : Direct beneficial Director : Fraser Shaw Office held : Director Company : Cadiz Holdings Limited Number : 245 154 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares Nature of interest : Direct beneficial Director : Phillip Sturgess Office held : Director of major subsidiary Company : Cadiz Asset Management (Pty) Ltd Number : 186 784 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares Nature of interest : Direct beneficial Director : James Walsh Office held : Director of major subsidiary Company : Cadiz Stockbroking (Pty) Ltd Number : 112 070 Issue date : 1 September 2010 Class of shares : Ordinary Nature of transaction : Paid up equity settled share appreciation rights plus B preference shares
Nature of interest : Direct beneficial Clearance in terms of paragraph 3.66 has been given by the designated persons Cadiz furthermore announces the following conditional award of ordinary shares and A ordinary shares in the capital of the Company by the Cadiz Black Employee Share Ownership Trust in terms of the Trust Deed approved at the Annual General Meeting on 18 August 2008. The award vests 20% per year from years three to seven. On vesting the shares are subject to a lock in until 1 June 2016. A premium of 5% of the initial price of 331.78 cents per shares is payable and the strike price is the initial price per share increasing by a notional interest amount equivalent to 75% of prime and decreasing by any distributions per share made by the Company. Director : Matthew Nhlapo Office held : Director of major subsidiary Company : Cadiz Stockbroking (Pty) Ltd Number : 542 528 Issue date : 1 September 2010 Nature of transaction : Equity settled share appreciation rights plus voting A Ordinary shares Premium paid : R90 000 Class of shares : Ordinary Nature of interest : Direct beneficial Clearance in terms of paragraph 3.66 has been given by the designated person 2 September 2010 Sponsor: Investec Bank Limited Date: 02/09/2010 10:48:01 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.
