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CDZ - Cadiz Holdings Limited -Directors` interests

Release Date: 10/01/2011 16:21
Code(s): CDZ
Wrap Text

CDZ - Cadiz Holdings Limited -Directors` interests Cadiz Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1997/007258/06) Share code: CDZ ISIN: ZAE000017661 DIRECTORS` INTERESTS In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following information is disclosed: In 2004 the Share Trusts delivered ordinary shares in the capital of the company to the following directors which vested 20% per year on the 6 January from years three to seven. Funding for the purchase was provided by the trusts with interest accruing at the fringe benefits tax rate, subject to the proviso that all distributions be applied to reduce the debt. On 06 January 2011 the following directors took delivery of the fifth and final tranche of vested shares for settlement of the outstanding debt: Director : Dan Ahern Office held: Director of major subsidiary of Cadiz Holdings Limited Company : Cadiz Securities (Proprietary) Limited Number of shares : 90,000 Debt : R218,057.85 Shares sold 64,163 Price : 3.3985 Proceeds : R218,057.85 Class of shares : Ordinary Nature of interest : Direct beneficial Director : Frank Cadiz Office held: Director of major subsidiary of Cadiz Holdings Limited Company : Cadiz Asset Management(Pty) Limited Number of shares : 180,000 Debt : R436,115.69 Shares sold 128,326 Price : 3.3985 Proceeds R436,115.69 Class of shares : Ordinary Nature of interest : Indirect beneficial Director : Evan Jones Office held: Director of major subsidiary of Cadiz Holdings Limited
Company : Cadiz Asset Management(Pty) Limited Number of shares : 70,000 Debt : R169,600.55 Shares sold 49,905 Price: 3.3985 Proceeds : R169,600.55 Class of shares : Ordinary Nature of interest : Direct beneficial Director : Kevin Morley Office held: Director of major subsidiary of Cadiz Holdings Limited Company : Cadiz Securities (Proprietary) Limited Number of shares : 90,000 Debt : R218,057.85 Shares sold 64,163 Price: 3.3985 Proceeds: R218,057.85 Class of shares: Ordinary Nature of interest: Direct beneficial Director: Matthew Nhlapo Office held: Director of major subsidiary of Cadiz Holdings Limited Company: Cadiz Stock Broking (Proprietary) Limited Number of shares: 30,000 Debt: R72,685.95 Shares sold 30,000 Price: 3.3985 Proceeds; R101,955.00 Class of shares: Ordinary Nature of interest: Direct beneficial Director: Fraser Shaw Company: Cadiz Holdings Limited Number of shares: 60,000 Debt: R145,371.90 Shares sold 60,000 Price: 3.3985 Proceeds: R203,910.00 Class of shares: Ordinary Nature of interest: Direct beneficial Director: Phil Sturgess Office held: Director of major subsidiary of Cadiz Holdings Limited Company: Cadiz Asset Management(Pty) Limited Number of shares: 50,000 Debt: R121,143.25 Class of shares: Ordinary Nature of interest: Direct beneficial Director: James Walsh Office held: Director of major subsidiary of Cadiz Holdings Limited Company: Cadiz Stock Broking (Proprietary) Limited Number of shares 40,000 Debt: R96,914.60 Shares sold 40,000 Price: 3.3985 Proceeds: R135,940.00 Class of shares: Ordinary Nature of interest Direct beneficial Clearance in terms of paragraph 3.66 has been given by the designated person. 10 January 2011 Sponsor: Investec Bank Limited Date: 10/01/2011 16:21:01 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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