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MUR - Murray & Roberts Holdings Limited - Allocation and acceptance of additional share options: announcement in terms of section 3.63 of the Listings Requirements of the JSE Limited MURRAY & ROBERTS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1948/029826/06 JSE Share Code: MUR ISIN Code: ZAE000073441 ("Murray & Roberts" or "Group" or "Company") ALLOCATION AND ACCEPTANCE OF ADDITIONAL SHARE OPTIONS: ANNOUNCEMENT IN TERMS OF SECTION 3.63 OF THE LISTINGS REQUIREMENTS OF THE JSE LIMITED Shareholders are advised that following implementation of the rights offer by the Company, share options which have been previously granted under the Murray & Roberts Holdings Limited Employee Share Incentive Scheme ("Scheme") have been adjusted in accordance with the provisions of the Scheme so that participants are entitled to the same proportion of equity capital in the Company as they were entitled to prior to the rights offer. As a consequence, the nature of the transaction is that additional share options were allocated off-market on the same basis as the rights offer ratio of 34 ordinary shares for existing 100 ordinary shares held. The additional share options were allocated at the rights offer price of R18.00 per share resulting in a new weighted average price per share for each allocation tranche. The date of the transaction and acceptance of the additional share options is 25 April 2012. The vesting periods and performance conditions for the new share options are as per the vesting periods and performance conditions of the existing share allocation tranches. Participants will only be entitled to exercise the new share options to the extent that they exercise their existing share options at the new weighted average option price. Clearance to deal in these securities has been obtained in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited. Name of Director HJ Laas Company Murray & Roberts Designation Group Chief Executive Original Grant Date 3 March 2006 Original Strike Price R 23.53 Scheme Standard Outstanding Options 15 000 Ratio of Additional 0.34 Options Additional Options 5 100 Strike Price R 18.00 Weighted Average R 22.13 Strike Price Value of Transaction R 91 800 Nature of interest Direct beneficial Name of Director HJ Laas Company Murray & Roberts Designation Group Chief Executive Original Grant Date 3 March 2006 Original Strike Price R 23.53 Scheme Hurdle Outstanding Options 15 000 Ratio of Additional 0.34 Options Additional Options 5 100 Strike Price R 18.00 Weighted Average R 22.13 Strike Price Value of Transaction R 91 800 Nature of interest Direct beneficial Name of Director HJ Laas Company Murray & Roberts Designation Group Chief Executive Original Grant Date 6 March 2007 Original Strike Price R 50.60 Scheme Special Outstanding Options 385 000 Ratio of Additional 0.34 Options Additional Options 130 900 Strike Price R 18.00 Weighted Average R 42.33 Strike Price Value of Transaction R 2 356 200 Nature of interest Direct beneficial Name of Director HJ Laas Company Murray & Roberts Designation Group Chief Executive Original Grant Date 20 April 2011 Original Strike Price R 25.16 Scheme Hurdle Outstanding Options 100 000 Ratio of Additional 0.34 Options Additional Options 34 000 Strike Price R 18.00 Weighted Average R 23.34 Strike Price Value of Transaction R 612 000 Nature of interest Direct beneficial Name of Director HJ Laas Company Murray & Roberts Designation Group Chief Executive Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Performance Outstanding Options 337 000 Ratio of Additional 0.34 Options Additional Options 114 580 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 2 062 440 Nature of interest Direct beneficial Name of Director HJ Laas Company Murray & Roberts Designation Group Chief Executive Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Retention Outstanding Options 112 000 Ratio of Additional 0.34 Options Additional Options 38 080 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 685 440 Nature of interest Direct beneficial Name of Director AJ Bester Company Murray & Roberts Designation Group Financial Director Original Grant Date 6 March 2007 Original Strike Price R 50.60 Scheme Special Outstanding Options 500 000 Ratio of Additional 0.34 Options Additional Options 170 000 Strike Price R 18.00 Weighted Average R 42.33 Strike Price Value of Transaction R 3 060 000 Nature of interest Direct beneficial Name of Director AJ Bester Company Murray & Roberts Designation Group Financial Director Original Grant Date 20 April 2011 Original Strike Price R 25.16 Scheme Hurdle Outstanding Options 37 000 Ratio of Additional 0.34 Options Additional Options 12 580 Strike Price R 18.00 Weighted Average R 23.34 Strike Price Value of Transaction R 226 440 Nature of interest Direct beneficial Name of Director AJ Bester Company Murray & Roberts Designation Group Financial Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Performance Outstanding Options 259 000 Ratio of Additional 0.34 Options Additional Options 88 060 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 1 585 080 Nature of interest Direct beneficial Name of Director AJ Bester Company Murray & Roberts Designation Group Financial Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Retention Outstanding Options 67 000 Ratio of Additional 0.34 Options Additional Options 22 780 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 410 040 Nature of interest Direct beneficial Name of Director O Fenn Company Murray & Roberts Designation Executive Director Original Grant Date 8 December 2009 Original Strike Price R 45.42 Scheme Hurdle Outstanding Options 125 000 Ratio of Additional 0.34 Options Additional Options 42 500 Strike Price R 18.00 Weighted Average R 38.46 Strike Price Value of Transaction R 765 000 Nature of interest Direct beneficial Name of Director O Fenn Company Murray & Roberts Designation Executive Director Original Grant Date 20 April 2011 Original Strike Price R 25.16 Scheme Hurdle Outstanding Options 37 000 Ratio of Additional 0.34 Options Additional Options 12 580 Strike Price R 18.00 Weighted Average R 23.34 Strike Price Value of Transaction R 226 440 Nature of interest Direct beneficial Name of Director O Fenn Company Murray & Roberts Designation Executive Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Performance Outstanding Options 183 000 Ratio of Additional 0.34 Options Additional Options 62 220 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 1 119 960 Nature of interest Direct beneficial Name of Director O Fenn Company Murray & Roberts Designation Executive Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Retention Outstanding Options 42 000 Ratio of Additional 0.34 Options Additional Options 14 280 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 257 040 Nature of interest Direct beneficial Name of Subsidiary PR Adams Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 6 March 2007 Original Strike Price R 50.60 Scheme Special Outstanding Options 500 000 Ratio of Additional 0.34 Options Additional Options 170 000 Strike Price R 18.00 Weighted Average R 42.33 Strike Price Value of Transaction R 3 060 000 Nature of interest Direct beneficial Name of Subsidiary NWR Harvey Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 3 March 2006 Original Strike Price R 23.53 Scheme Standard Outstanding Options 45 000 Ratio of Additional 0.34 Options Additional Options 15 300 Strike Price R 18.00 Weighted Average R 22.13 Strike Price Value of Transaction R 275 400 Nature of interest Direct beneficial Name of Subsidiary NWR Harvey Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 3 March 2006 Original Strike Price R 23.53 Scheme Hurdle Outstanding Options 30 000 Ratio of Additional 0.34 Options Additional Options 10 200 Strike Price R 18.00 Weighted Average R 22.13 Strike Price Value of Transaction R 183 600 Nature of interest Direct beneficial Name of Subsidiary NWR Harvey Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 6 March 2007 Original Strike Price R 50.60 Scheme Special Outstanding Options 325 000 Ratio of Additional 0.34 Options Additional Options 110 500 Strike Price R 18.00 Weighted Average R 42.33 Strike Price Value of Transaction R 1 989 000 Nature of interest Direct beneficial Name of Subsidiary NWR Harvey Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 20 April 2011 Original Strike Price R 25.16 Scheme Hurdle Outstanding Options 37 000 Ratio of Additional 0.34 Options Additional Options 12 580 Strike Price R 18.00 Weighted Average R 23.34 Strike Price Value of Transaction R 226 440 Nature of interest Direct beneficial Name of Subsidiary NWR Harvey Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Performance Outstanding Options 172 000 Ratio of Additional 0.34 Options Additional Options 58 480 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 1 052 640 Nature of interest Direct beneficial Name of Subsidiary NWR Harvey Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Retention Outstanding Options 53 000 Ratio of Additional 0.34 Options Additional Options 18 020 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 324 360 Nature of interest Direct beneficial Name of Subsidiary IW Henstock Director Subsidiary Company Murray & Roberts Limited Designation Commercial Director Original Grant Date 1 July 2008 Original Strike Price R 86.51 Scheme Standard Outstanding Options 25 000 Ratio of Additional 0.34 Options Additional Options 8 500 Strike Price R 18.00 Weighted Average R 69.13 Strike Price Value of Transaction R 153 000 Nature of interest Direct beneficial Name of Subsidiary IW Henstock Director Subsidiary Company Murray & Roberts Limited Designation Commercial Director Original Grant Date 26 August 2009 Original Strike Price R 47.74 Scheme Hurdle Outstanding Options 190 000 Ratio of Additional 0.34 Options Additional Options 64 600 Strike Price R 18.00 Weighted Average R 40.19 Strike Price Value of Transaction R 1 162 800 Nature of interest Direct beneficial Name of Subsidiary IW Henstock Director Subsidiary Company Murray & Roberts Limited Designation Commercial Director Original Grant Date 20 April 2011 Original Strike Price R 25.16 Scheme Hurdle Outstanding Options 37 000 Ratio of Additional 0.34 Options Additional Options 12 580 Strike Price R 18.00 Weighted Average R 23.34 Strike Price Value of Transaction R 226 440 Nature of interest Direct beneficial Name of Subsidiary IW Henstock Director Subsidiary Company Murray & Roberts Limited Designation Commercial Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Performance Outstanding Options 124 000 Ratio of Additional 0.34 Options Additional Options 42 160 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 758 880 Nature of interest Direct beneficial Name of Subsidiary IW Henstock Director Subsidiary Company Murray & Roberts Limited Designation Commercial Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Retention Outstanding Options 56 000 Ratio of Additional 0.34 Options Additional Options 19 040 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 342 720 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 13 March 2002 Original Strike Price R 6.93 Scheme Standard Outstanding Options 22 500 Ratio of Additional 0.34 Options Additional Options 7 650 Strike Price R 18.00 Weighted Average R 9.74 Strike Price Value of Transaction R 137 700 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 13 March 2002 Original Strike Price R 6.93 Scheme Hurdle Outstanding Options 22 500 Ratio of Additional 0.34 Options Additional Options 7 650 Strike Price R 18.00 Weighted Average R 9.74 Strike Price Value of Transaction R 137 700 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 6 March 2003 Original Strike Price R 11.00 Scheme Standard Outstanding Options 18 750 Ratio of Additional 0.34 Options Additional Options 6 375 Strike Price R 18.00 Weighted Average R 12.78 Strike Price Value of Transaction R 114 750 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 6 March 2003 Original Strike Price R 11.00 Scheme Hurdle Outstanding Options 35 000 Ratio of Additional 0.34 Options Additional Options 11 900 Strike Price R 18.00 Weighted Average R 12.78 Strike Price Value of Transaction R 214 200 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 15 March 2004 Original Strike Price R 13.04 Scheme Standard Outstanding Options 30 000 Ratio of Additional 0.34 Options Additional Options 10 200 Strike Price R 18.00 Weighted Average R 14.30 Strike Price Value of Transaction R 183 600 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 15 March 2004 Original Strike Price R 13.04 Scheme Hurdle Outstanding Options 25 000 Ratio of Additional 0.34 Options Additional Options 8 500 Strike Price R 18.00 Weighted Average R 14.30 Strike Price Value of Transaction R 153 000 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 3 March 2006 Original Strike Price R 23.53 Scheme Standard Outstanding Options 30 000 Ratio of Additional 0.34 Options Additional Options 10 200 Strike Price R 18.00 Weighted Average R 22.13 Strike Price Value of Transaction R 183 600 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 3 March 2006 Original Strike Price R 23.53 Scheme Hurdle Outstanding Options 30 000 Ratio of Additional 0.34 Options Additional Options 10 200 Strike Price R 18.00 Weighted Average R 22.13 Strike Price Value of Transaction R 183 600 Nature of interest Direct beneficial Name of Subsidiary RCC Noonan Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 6 March 2007 Original Strike Price R 50.60 Scheme Special Outstanding Options 375 000 Ratio of Additional 0.34 Options Additional Options 127 500 Strike Price R 18.00 Weighted Average R 42.33 Strike Price Value of Transaction R 2 295 000 Nature of interest Direct beneficial Subsidiary Company Murray & Roberts Limited Designation Enterprise Capability Director Original Grant Date 3 March 2006 Original Strike Price R 23.53 Scheme Standard Outstanding Options 37 500 Ratio of Additional 0.34 Options Additional Options 12 750 Strike Price R 18.00 Weighted Average R 22.13 Strike Price Value of Transaction R 229 500 Nature of interest Direct beneficial Name of Subsidiary RAG Skudder Director Subsidiary Company Murray & Roberts Limited Designation Enterprise Capability Director Original Grant Date 6 March 2007 Original Strike Price R 50.60 Scheme Special Outstanding Options 15 000 Ratio of Additional 0.34 Options Additional Options 5 100 Strike Price R 18.00 Weighted Average R 42.33 Strike Price Value of Transaction R 91 800 Nature of interest Direct beneficial Name of Subsidiary RAG Skudder Director Subsidiary Company Murray & Roberts Limited Designation Enterprise Capability Director Original Grant Date 26 February 2008 Original Strike Price R 92.01 Scheme Standard Outstanding Options 12 500 Ratio of Additional 0.34 Options Additional Options 4 250 Strike Price R 18.00 Weighted Average R 73.23 Strike Price Value of Transaction R 76 500 Nature of interest Direct beneficial Name of Subsidiary RAG Skudder Director Subsidiary Company Murray & Roberts Limited Designation Enterprise Capability Director Original Grant Date 26 August 2009 Original Strike Price R 47.74 Scheme Hurdle Outstanding Options 100 000 Ratio of Additional 0.34 Options Additional Options 34 000 Strike Price R 18.00 Weighted Average R 40.19 Strike Price Value of Transaction R 612 000 Nature of interest Direct beneficial Name of Subsidiary RAG Skudder Director Subsidiary Company Murray & Roberts Limited Designation Enterprise Capability Director Original Grant Date 20 April 2011 Original Strike Price R 25.16 Scheme Hurdle Outstanding Options 37 000 Ratio of Additional 0.34 Options Additional Options 12 580 Strike Price R 18.00 Weighted Average R 23.34 Strike Price Value of Transaction R 226 440 Nature of interest Direct beneficial Name of Subsidiary RAG Skudder Director Subsidiary Company Murray & Roberts Limited Designation Enterprise Capability Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Performance Outstanding Options 96 000 Ratio of Additional 0.34 Options Additional Options 32 640 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 587 520 Nature of interest Direct beneficial Name of Subsidiary RAG Skudder Director Subsidiary Company Murray & Roberts Limited Designation Enterprise Capability Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Retention Outstanding Options 51 000 Ratio of Additional 0.34 Options Additional Options 17 340 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 312 120 Nature of interest Direct beneficial Name of Subsidiary FP Saieva Director Subsidiary Company Murray & Roberts Limited Designation Executive Director Original Grant Date 30 August 2011 Original Strike Price R 27.70 Scheme Performance Outstanding Options 131 000 Ratio of Additional 0.34 Options Additional Options 44 540 Strike Price R 18.00 Weighted Average R 25.24 Strike Price Value of Transaction R 801 720 Nature of interest Direct beneficial Name of Subsidiary RJN Pope Director Subsidiary Company Murray & Roberts International Holdings Limited Designation Executive Director Original Grant Date 6 March 2007 Original Strike Price R 50.60 Scheme Special Outstanding Options 30 000 Ratio of Additional 0.34 Options Additional Options 10 200 Strike Price R 18.00 Weighted Average R 42.33 Strike Price Value of Transaction R 183 600 Nature of interest Direct beneficial Name of Subsidiary RJN Pope Director Subsidiary Company Murray & Roberts International Holdings Limited Designation Executive Director Original Grant Date 26 February 2008 Original Strike Price R 92.01 Scheme Standard Outstanding Options 20 000 Ratio of Additional 0.34 Options Additional Options 6 800 Strike Price R 18.00 Weighted Average R 73.23 Strike Price Value of Transaction R 122 400 Nature of interest Direct beneficial Name of Subsidiary RJN Pope Director Subsidiary Company Murray & Roberts International Holdings Limited
Designation Executive Director Original Grant Date 26 August 2009 Original Strike Price R 47.74 Scheme Hurdle Outstanding Options 50 000 Ratio of Additional 0.34 Options Additional Options 17 000 Strike Price R 18.00 Weighted Average R 40.19 Strike Price Value of Transaction R 306 000 Nature of interest Direct beneficial Bedfordview 30 April 2012 Sponsor Deutsche Securities (SA) (Pty) Ltd Date: 30/04/2012 16:05:01 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.
