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TONGAAT HULETT LIMITED - Director's Dealings

Release Date: 28/11/2012 16:30
Code(s): TON     PDF:  
Wrap Text
Director's Dealings

Tongaat Hulett Limited
Registration number (1892/000610/06)
Share code: TON
ISIN ZAE000096541


TONGAAT HULETT – DIRECTORS’ DEALINGS IN SECURITIES

In accordance with the JSE Listings Requirements, the following is
disclosed in respect of share scheme transactions:

CLASS OF SECURITIES: Ordinary shares
DATE: 28 November 2012
EXTENT OF INTERESTS: Direct and beneficial
CLEARANCE TO TRANSACT: Yes
PURCHASED/SOLD ON MARKET: Yes


SHARE APPRECIATION RIGHTS – these relate to rights that will expire
shortly and which were granted in 2006 with a grant price of R73,39.
The requisite performance conditions were fully met previously. An
election has been made to exercise rights, pay tax and retain
shares. This results in a calculated (i.e. in respect of the
appreciation above the grant price) number of shares being acquired
and delivered, as follows:

DIRECTOR:                                            BG DUNLOP
NUMBER OF RIGHTS EXERCISED:                          23,737
NUMBER OF SHARES DELIVERED:                          10,512
TOTAL VALUE (RANDS):                                 R1,375,600
NUMBER OF SHARES SUBSEQUENTLY SOLD TO PAY TAX:       4,310
NUMBER OF SHARES RETAINED:                           6,202
PRICE PER SHARE:                                     R130.86

DIRECTOR:                                            MH MUNRO
NUMBER OF RIGHTS EXERCISED:                          20,472
NUMBER OF SHARES DELIVERED:                          9,066
TOTAL VALUE (RANDS):                                 R1,186,377
NUMBER OF SHARES SUBSEQUENTLY SOLD TO PAY TAX:       3,717
NUMBER OF SHARES RETAINED:                           5,349
PRICE PER SHARE:                                     R130.86

DIRECTOR:                                            PH STAUDE
NUMBER OF RIGHTS EXERCISED:                          62,082
NUMBER OF SHARES DELIVERED:                          27,494
TOTAL VALUE (RANDS):                                 R3,597,865
NUMBER OF SHARES SUBSEQUENTLY SOLD TO PAY TAX:       11,273
NUMBER OF SHARES RETAINED:                           16,221
PRICE PER SHARE:                                     R130.86
SHARE OPTIONS - these relate to the original Tongaat-Hulett Group
share option scheme that expires shortly, they were granted in 2003
and are in respect of the Tongaat Hulett component. An election has
been made to exercise options, pay tax and retain shares as follows:

DIRECTOR:                                         M H Munro
NUMBER OF OPTIONS EXERCISED:                      4,900
TOTAL VALUE (RANDS):                              R520,135
OPTION SUBSCRIPTION PRICE:                        R24.37
PRICE OF SHARE:                                   R130.52
NUMBER OF SHARES SUBSEQUENTLY SOLD TO PAY TAX:    1,597
NUMBER OF SHARES RETAINED:                        3,303




Tongaat
28 November 2012


Sponsor: Investec Bank Limited

Date: 28/11/2012 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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