Wrap Text
CRD - Central Rand Gold - Announcement of share options granted to directors
and persons discharging managerial responsibility pursuant to disclosure rule
3.1.4.
Central Rand Gold Limited
(Incorporated as a company with limited liability under the laws of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited liability under the laws of
South Africa, registration number 2007/019223/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
(`CRG` or `the Company`)
ANNOUNCEMENT OF SHARE OPTIONS GRANTED TO DIRECTORS AND PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY PURSUANT TO DISCLOSURE RULE 3.1.4.
CRG announces that the Board of Directors of the Company has approved the grant
of options over 3,300,000 ordinary shares of 1p each in the Company ("Shares")
to the Chief Executive Officer, Johan du Toit and 1,200,000 Shares to the Chief
Financial Officer, Patrick Malaza. These grants mean that Mr du Toit has
6,600,000 Shares under option and Mr. Malaza has 1,650,000 Shares under option.
In addition to their respective options, Mr. du Toit currently holds 350,000
Shares, representing 0.02% per cent. of the Company`s issued share capital and
Mr. Malaza holds 35,000 Shares, representing 0.002% per cent. of the Company`s
issued share capital.
Furthermore the Board of Directors has approved the grant of options over a
further 5,300,000 Shares to persons discharging managerial responsibility as
follows:
Name Number of Number of Total Number of % of Issued
existing new options options shares held Share
options held Capital
held
Gayton 1,900,000 1,000,000 2,900,000 250,000 0.016%
McKenzie
Kenneth 1,266,667 1,000,000 2,266,667 50,000 0.003%
Kunene
Mpho Litha 450,000 1,000,000 1,450,000 - -
Riccardo 450,000 1,000,000 1,450,000 - -
Tonini
Clive 150,000 300,000 450,000 30,000 0.002%
Neuwerth
Keith 1,000,000 1,000,000 - -
Matier
All of the options set out above will vest in three equal tranches with the
first tranche vesting on 06 July 2011, the second tranche on 06 July 2012 and
the final tranche on 06 July 2013.
The first tranche has an exercise price of GBP0.04; the second tranche an
exercise price of GBP0.06 and the third tranche an exercise price of GBP0.08.
Other than the exercise price which will become payable upon exercise of the
options, no further consideration has, nor will become payable by the respective
grantees.
Each of the three tranches will remain exercisable for a period of three years
after vesting and will be capable of being exercised in part or in full at any
time after vesting and during the exercise period.
Issued on behalf of Central Rand Gold Limited
19 August 2010
For further information, please contact:
Central Rand Gold +27 (0) 11 674 2304
Johan du Toit / Patrick Malaza
Evolution Securities Limited +44 (0) 20 7071 4300
Simon Edwards / Chris Sim / Neil Elliot
Macquarie First South Advisers (Pty) Limited +27 (0) 11 583 2000
Annerie Britz / Melanie de Nysschen
Buchanan Communications +44 (0) 20 7466 5000
Bobby Morse / Katharine Sutton
Jenni Newman Public Relations (Pty) Limited +27 (0) 11 506 7300
Jenni Newman
Date: 19/08/2010 08:00:01 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.
Sharenet Sites 
