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SER/SRN - Seardel - Dealing in Securities

Release Date: 22/06/2012 15:24
Code(s): SER SRN
Wrap Text

SER/SRN - Seardel - Dealing in Securities Seardel Investment Corporation Limited Registration no. 1968/011249/06 (Incorporated in the Republic of South Africa) JSE Code: SER ISIN Code: ZAE000029815 JSE Code: SRN ISIN Code: ZAE000030144 ("Seardel") DEALING IN SECURITIES Shareholders are advised of the following information relating to the dealing in securities by directors of Seardel and of a major subsidiary of Seardel: Name of director: S A Queen Name of group company: Seardel Investment Corporation Limited Class of security: Options Date of transaction: 20 July 2012 Strike/exercise date: 20 July 2013 (first exercise date) Number of securities: 2, 173, 335 Strike / exercise price: R1.10 Total value: R2, 390, 669 Nature of transaction: Acceptance of options (off- market) Nature and extent of director`s interest: Direct beneficial Periods of exercise / vesting: 10% 20 July 2013 20% 20 July 2014 30% 20 July 2015 40% 20 July 2016 Clearance to deal received: Yes Name of director: G D T Wege Name of group company: Seardel Investment Corporation Limited Class of security: Options Date of transaction: 20 July 2012 Strike/exercise date: 20 July 2013 (first exercise date) Number of securities: 753, 655 Strike / exercise price: R1.10 Total value: R829, 021 Nature of transaction: Acceptance of options (off- market)
Nature and extent of director`s interest: Direct beneficial Periods of exercise / vesting: 10% 20 July 2013 20% 20 July 2014 30% 20 July 2015
40% 20 July 2016 Clearance to deal received: Yes Name of director: D Duncan Name of group company: Seardel Group Trading (Pty) Limited Class of security: Options Date of transaction: 20 July 2012 Strike/exercise date: 20 July 2013 (first exercise date) Number of securities: 633, 889 Strike / exercise price: R1.10 Total value: R697, 278 Nature of transaction: Acceptance of options (off- market) Nature and extent of director`s interest: Direct beneficial Periods of exercise / vesting: 10% 20 July 2013 20% 20 July 2014 30% 20 July 2015 40% 20 July 2016 Clearance to deal received: Yes 22 June 2012 Date: 22/06/2012 15:24:01 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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