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Aspen - Dealing in shares by directors

Release Date: 31/01/2002 15:22
Code(s): APN
Wrap Text
ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1985/002935/06)
(Share code: APN)
(ISIN Code: ZAE000023586)
("Aspen")
Dealing in shares by directors

In terms of Rules 3.72 - 3.75 of the Listings Requirements of the JSE Securities Exchange South Africa ("the JSE"), Aspen announces the following dealings in Aspen shares by certain of its directors:
On 2 November 1998, prior to the acquisition by Aspen of the pharmaceutical businesses of South African Druggists Limited, which became effective on 28 February 1999, SB Saad ("Saad") and MG Attridge ("Attridge") granted call options ("the call options") over 7 225 000 and 2 550 000 Aspen shares, respectively, at 300 cents per share, to certain third parties ("the option holders") exercisable on or before 31 December 2003 subject to certain conditions. On satisfaction of these conditions the option holders exercised the call options and, accordingly, on 31 January 2002, the option holders acquired the Aspen shares referred to above from Saad and Attridge. Woodmead 31 January 2002

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