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ART - Argent Industrial Limited - Exercise Of Share Options By Directors

Release Date: 27/03/2008 15:03
Code(s): ART
Wrap Text

ART - Argent Industrial Limited - Exercise Of Share Options By Directors ARGENT INDUSTRIAL LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/002054/06) (Share code: ART & ISIN: ZAE000019188) ("Argent" or "the Company") EXERCISE OF SHARE OPTIONS BY DIRECTORS Arcay Moela Sponsors (Pty) Limited is authorised to announce that as at 26 March 2008, the following directors exercised share options in the Company: M Allen MJ Antonic SJ Cox Hendry Family Trust - T
Hendry Allot at R3.44 Allot at R4.00 Allot at R17.00 7 000 7 000 10 000 10 000 Total shares 7 000 7 000 10 000 10 000 allotted Total Rand R119 000 R119 000 R170 000 R170 000 value P Lawson AF Litschka D Smith G Youngman Allot at R3.44 40 000 Allot at R4.00 16 000 Allot at R17.00 7 000 7 000 18 000 Total shares 56 000 7 000 7 000 18 000 allotted Total Rand R201 600 R119 000 R119 000 R306 000 value NWN* - SJ NWN* - TR NWN* - MP NWN* - MJ
Cox Hendry Allen Antonic Allot at R17.00 26 000 26 000 26 000 26 000 Total shares 26 000 26 000 26 000 26 000 allotted Total Rand R442 000 R442 000 R442 000 R442 000 value NWN* - AF NWN* - D Litschka Smith Allot at R17.00 26 000 26 000 Total shares 26 000 26 000 allotted Total Rand R442 000 R442 000 value * - NWN Automotive Precision Engineering SUMMARY Allotted Rand Value Allot at R3.44 40 000 137 600 Allot at R4.00 16 000 64 000 Allot at R17.00 222 000 3 774 000 Total shares 278 000 3 975 600 allotted All options were exercised on ordinary shares, and clearance was obtained prior to the exercising of the options. The shares allocated to individual directors are directly and beneficially held, whilst the shares held through NWN are indirectly but beneficially held. Maraisburg 27 March 2008 Sponsor Arcay Moela Sponsors (Pty) Limited Date: 27/03/2008 15:03:01 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.

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