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BEL - Bell Equipment Limited - Acceptance of options by a director of a major

Release Date: 17/03/2011 14:01
Code(s): BEL
Wrap Text

BEL - Bell Equipment Limited - Acceptance of options by a director of a major subsidiary Bell Equipment Limited (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 Share Code: BEL ISIN: ZAE000028304 ACCEPTANCE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Bokkie Coertze Company : Bell Equipment Sales SA Limited Date of transaction : 17 March 2011 Nature of transaction : Off market acceptance of options granted to the director Class of securities : Options in respect of ordinary shares Number of options granted : 50 000 Option strike price : R13,06 Period of exercise : A maximum of 33,3% is exercisable on the 3rd anniversary, a further maximum of 33,3% is exercisable on the 5th
anniversary and the balance is exercisable on the 7th anniversary of the grant date Vesting details : On exercise of the options Total value of transaction : R653 000 Nature of director`s interest : Direct beneficial Clearance obtained : Yes Richards Bay 17 March 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17/03/2011 14:01:01 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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