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FSR - FirstRand Limited - Dealings in securities by a director

Release Date: 18/10/2010 17:36
Code(s): FSR
Wrap Text

FSR - FirstRand Limited - Dealings in securities by a director FirstRand Limited (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) ISIN: ZAE000066304 Share Code: (JSE): FSR Share Code: (NSX): FSR ("FSR") DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director: Johan Petrus Burger Company: FirstRand Limited Date of transaction: 14 October 2010 Nature of transaction: Exercise of options Class of securities: Off market options in respect of FSR ordinary shares Number of options exercised: 450 000 Option strike price: R15,33 Value of transaction: R6 898 500 Date of transaction: 14 October 2010 Nature of transaction: On market sale of shares Class of securities: Ordinary shares Number of shares sold: 380 037 Selling price: R21,13 Value of transaction: R8030219,81 Date of transaction: 14 October 2010 Nature of transaction: Off market purchase, resulting from options exercise and subsequent delivery of shares Class of securities: Ordinary shares Number of shares purchased: 69 963 Purchase price: R15,33 Value of transaction: R1 072 532.79 Nature of interest: Direct beneficial Clearance obtained: Yes The options, issued in 2005, had reached their final compulsory date for takeup and Mr. Burger was required in terms of the rules of the FirstRand Share Trust to exercise and take delivery of them. He elected to sell sufficient of the option, 380 037 shares, to acquire and hold the balance, 69 963 shares. Place Sandton Date 18 October 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/10/2010 17:36:49 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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