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Disclosure of offers by Interwaste Share Incentive Scheme

Release Date: 03/07/2012 14:31
Code(s): IWE
Wrap Text
INTERWASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/037223/06)
JSE code: IWE   ISN:  ZAE000097903
(Interwaste Holdings or the company)


DISCLOSURE OF OFFERS IN INTERWASTE HOLDINGS SHARES BY THE INTERWASTE SHARE INCENTIVE SCHEME
In terms of paragraphs 3.63 to 3.70 of the JSE Limited Listings
Requirements, the following information relating to transactions
in Interwaste Holdings shares in respect of directors of the
company, directors of a major subsidiary company and the company secretary are disclosed: Name of director: A.P Broodryk (executive director) Date of acceptance of offer: 27 June 2012 Number of shares offered: 1 000 000 Value of Offer: R500 000 Offer price: 50c per share Class of securities: Ordinary shares Nature of transaction: Offer in respect of ordinary shares (off market) Nature of Interest: Direct Vesting date: 10% 1 year after acceptance date 30% 3 years after acceptance date 30% 4 years after acceptance date 30% 5 years after acceptance date The shares will be released after payment in full is received. Clearance to deal obtained: Yes Name of director: L.C Grobbelaar (executive director) Date of acceptance of offer: 27 June 2012 Number of shares offered: 1 000 000 Offer price: 50c per share Value of offer: R500 000 Class of securities: Ordinary shares Nature of transaction: Offer in respect of ordinary shares (off market) Nature of Interest: Direct Vesting date: 10% 1 year after acceptance date 30% 3 years after acceptance date 30% 4 years after acceptance date 30% 5 years after acceptance date The shares will be released after payment in full is received. Clearance to deal obtained: Yes Name of director of subsidiary: R Pillay Name of subsidiary: Interwaste (Pty) Ltd Date of acceptance of offer: 27 June 2012 Number of shares offered: 600 000 Offer price: 50c per share Value of offer: R300 000 Class of securities: Ordinary shares Nature of transaction: Offer in respect of ordinary shares (off market) Nature of Interest: Direct Vesting date: 10% 1 year after acceptance date 30% 3 years after acceptance date 30% 4 years after acceptance date 30% 5 years after acceptance date The shares will be released after payment in full is received. Clearance to deal obtained: Yes Name of director of subsidiary: J.J MCNEIL Name of subsidiary: Interwaste (Pty)Ltd Date of acceptance of offer: 27 June 2012 Number of shares offered: 1 000 000 Offer price: 50c per share Value of offer: R500 000 Class of securities: Ordinary Nature of transaction: Offer in respect of ordinary shares Nature of Interest: Direct Name of Associate and relationship: N/A Vesting date: 10% 1 year after acceptance date 30% 3 years after acceptance date 30% 4 years after acceptance date 30% 5 years after acceptance date The shares will be released after payment in full is received. Clearance to deal obtained: Yes Name of Company Secretary: A.S de Villiers Date of acceptance of offer: 27 June 2012 Number of shares offered: 500 000 Value of offer: R250 000 Offer price: 50c per share Class of securities: Ordinary shares Nature of transaction: Offer in respect of ordinary shares (off market) Nature of Interest: Direct Vesting date: 10% 1 year after acceptance date 30% 3 years after acceptance date 30% 4 years after acceptance date 30% 5 years after acceptance date The shares will be released after payment in full is received. Clearance to deal obtained: Yes Johannesburg 3 July 2012 Designated Adviser Vunani Corporate Finance
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