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JSE - JSE Limited - Grant and acceptance of shares (ALLOCATION 2) under Long
Term Incentive Scheme 2010
JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
ISIN: ZAE000079711
Share Code: JSE
("JSE" or "the Company" or "the Group")
GRANT AND ACCEPTANCE OF SHARES (ALLOCATION 2) UNDER LONG TERM INCENTIVE SCHEME
2010 ("LTIS 2010")
Members of the JSE`s executive committee, which includes the executive directors
and Company Secretary, have been granted restricted shares in the Company, in
accordance with the terms of the Company`s long term incentive and retention
scheme as follows:
a) Allocation 2 Retention shares, vesting of which is subject to an executive
committee member remaining in the employ of the JSE for the vesting term:
Executive Committee Number of JSE Value of JSE Holding
member ordinary ordinary shares
shares
NEWTON-KING 9,300 R 627,156 Direct beneficial
EVANS 7,000 R 472,053 Direct beneficial
BURKE 9,100 R 613,669 Direct beneficial
CLARKE 6,000 R 404,617 Direct beneficial
DAVIDSON 6,100 R 411,360 Direct beneficial
DAVIES 6,100 R 411,360 Direct beneficial
DLAMINI 5,500 R 370,899 Direct beneficial
FORSSMAN 5,700 R 384,386 Direct beneficial
GREENHILL 5,500 R 370,899 Direct beneficial
IMMELMAN 5,500 R 370,899 Direct beneficial
MOLOI 5,300 R 357,411 Direct beneficial
PARSONS 9,300 R 627,156 Direct beneficial
ROTHSCHILD 5,700 R 384,386 Direct beneficial
SMALE 7,800 R 526,002 Direct beneficial
THOMSON 8,100 R 546,232 Direct beneficial
VAN WAMELEN 7,400 R 499,027 Direct beneficial
b) Allocation 2 Performance shares, vesting of which is subject to both
corporate performance conditions and an executive remaining in the employ
of the JSE for the vesting term:
Executive Committee Number of Value of JSE Holding
member JSE ordinary shares
ordinary
shares
NEWTON-KING 9,300 R 627,156 Direct beneficial
EVANS 7,000 R 472,053 Direct beneficial
BURKE 9,100 R 613,669 Direct beneficial
CLARKE 6,000 R 404,617 Direct beneficial
DAVIDSON 6,100 R 411,360 Direct beneficial
DAVIES 6,100 R 411,360 Direct beneficial
DLAMINI 5,500 R 370,899 Direct beneficial
FORSSMAN 5,700 R 384,386 Direct beneficial
GREENHILL 5,500 R 370,899 Direct beneficial
IMMELMAN 5,500 R 370,899 Direct beneficial
MOLOI 5,300 R 357,411 Direct beneficial
PARSONS 9,300 R 627,156 Direct beneficial
ROTHSCHILD 5,700 R 384,386 Direct beneficial
SMALE 7,800 R 526,002 Direct beneficial
THOMSON 8,100 R 546,232 Direct beneficial
VAN WAMELEN 7,400 R 499,027 Direct beneficial
One-half of the retention and performance shares will vest on 1 May 2014 and the
remaining half on 1 May 2015, subject to the applicable vesting conditions being
achieved. All share awards are subject to the LTIS 2010 Rules, as approved by
shareholders at the annual general meeting held on 22 April 2010.
Approval for the above on-market individual allocations and clearance to
transact has been granted by the Chairman of the Board.
All individual allocations as indicated above have been accepted by the members
of the executive committee on 30 May 2011.
ACQUISITION OF SHARES BY JSE LTIS 2010 TRUST (the "Trust")
The Trust has acquired a total of 429,900 JSE ordinary shares in the open market
during the period 26 - 31 May 2011 in order to fulfil the Allocation 2 share
awards granted to members of the executive committee and other senior members of
JSE staff.
The permission to acquire JSE ordinary shares in the open market was granted by
shareholders in terms of special resolution #1 as approved by the requisite
majority of shareholders at the AGM on 22 April 2010.
These ordinary shares are held in trust and are restricted until all vesting
conditions are fulfilled whereupon the shares vest. Should the vesting
conditions not be fulfilled the share awards are forfeited.
These JSE ordinary shares were acquired at a volume-weighted average price of
R67.4361 per ordinary share (high for the period: 6990 and low for the period:
6515).
Sandton
1 June 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/06/2011 17:03:00 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department.
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