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NTC - Netcare Limited - Award of options to director of a major subsidiary

Release Date: 20/05/2010 15:04
Code(s): NTC
Wrap Text

NTC - Netcare Limited - Award of options to director of a major subsidiary NETCARE LIMITED Incorporated in the Republic of South Africa (Co. Reg. No. 1996/004282/06) Code: NTC ISIN number: ZAE000011953 AWARD OF OPTIONS TO DIRECTOR OF A MAJOR SUBSIDIARY In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE Limited ("JSE Listings Requirements"), in respect of which prior written approval pursuant to paragraph 3.66 of the JSE Listing Requirements has been obtained, the following transaction is hereby disclosed. DIRECTOR I SOOMRA SUBSIDIARY NETCARE HOSPITALS (PTY) LTD DATE OF TRANSACTION 19 MAY 2010 NUMBER OF SHARES 400,000 CLASS OF SECURITY ORDINARY SHARES NATURE OF TRANSACTION GRANT AND ACCEPTANCE OF OPTIONS STRIKE PRICE PER SHARE 1309 CENTS VESTING PERIODS 20% ON 18 MAY 2012 20% ON 18 MAY 2013
20% ON 18 MAY 2014 20% ON 18 MAY 2015 20% ON 18 MAY 2016 VALUE OF TRANSACTION R5,236,000 NATURE OF INTEREST DIRECT & BENEFICIAL Johannesburg 20 May 2010 Sponsor Nedbank Capital Date: 20/05/2010 15:04:01 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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