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Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Forfeitable Share Plan
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
(“Murray & Roberts” or “Company”)
Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Forfeitable
Share Plan (“FSP”) and automatic deferral of part of Short Term Incentive (“STI”) into
forfeitable shares.
Shareholders are advised of the award of forfeitable shares in terms of the FSP to executive
directors and the company secretary of Murray & Roberts, and to executive directors of
subsidiary company Murray & Roberts Limited on 29 August 2013. In terms of the rules of
the FSP, the forfeitable shares will be held in escrow until the vesting date.
The forfeitable shares allocated under the FSP are subject to performance conditions based
on Return on Invested Capital Employed, Relative Total Shareholder Return and Free
Cashflow per Share. The vesting period is three years from the date of award and vesting is
subject to the performance conditions and continued employment by the executives.
The forfeitable shares were allocated both on and off-market. The nature of interest of each
award to participants of the FSP is direct and beneficial. 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 Holdings Limited
Forfeitable shares awarded: 208 000 ordinary shares
Award price per share: R24.51
Value of transaction: R5 098 080-00
Name of director: AJ Bester
Company: Murray & Roberts Holdings Limited
Forfeitable shares awarded: 146 000 ordinary shares
Award price per share: R24.51
Value of transaction: R3 578 460-00
Name of Company Secretary: E Joubert
Company: Murray & Roberts Holdings Limited
Forfeitable shares awarded: 20 500 ordinary shares
Award price per share: R24.51
Value of transaction: R502 455-00
Name of subsidiary director: O Fenn
Subsidiary company: Murray & Roberts Limited
Forfeitable shares awarded: 100 500 ordinary shares
Award price per share: R24.51
Value of transaction: R2 463 255-00
Name of subsidiary director: JN Govender
Subsidiary company: Murray & Roberts Limited
Forfeitable shares awarded: 72 000 ordinary shares
Award price per share: R24.51
Value of transaction: R1 764 720-00
Name of subsidiary director: IW Henstock
Subsidiary company: Murray & Roberts Limited
Forfeitable shares awarded: 89 000 ordinary shares
Award price per share: R24.51
Value of transaction: R2 181 390-00
Name of subsidiary director: WT Mdluli
Subsidiary company: Murray & Roberts Limited
Forfeitable shares awarded: 60 000 ordinary shares
Award price per share: R24.51
Value of transaction: R1 470 600-00
Name of subsidiary director: FP Saieva
Subsidiary company: Murray & Roberts Limited
Forfeitable shares awarded: 84 000 ordinary shares
Award price per share: R24.51
Value of transaction: R2 058 840-00
Name of subsidiary director: RAG Skudder
Subsidiary company: Murray & Roberts Limited
Forfeitable shares awarded: 83 000 ordinary shares
Award price per share: R24.51
Value of transaction: R2 034 330-00
Murray & Roberts has implemented an automatic deferral of part of the allocated STI to
executive directors, and to executive directors of subsidiary company Murray & Roberts
Limited, into forfeitable share awards under the rules of the FSP. This deferral into forfeitable
shares enhances alignment with shareholders’ interest and complies with best practice. The
resultant allocation will vest over a three year period at one third per year and are not subject
to performance conditions but will be subject to continued employment by the executives.
Name of director: HJ Laas
Company: Murray & Roberts Holdings Limited
STI deferred into forfeitable shares: 19 500 ordinary shares
Deferral price per share: R24.51
Value of transaction: R477 945-00
Name of director: AJ Bester
Company: Murray & Roberts Holdings Limited
STI deferred into forfeitable shares: 15 000 ordinary shares
Deferral price per share: R24.51
Value of transaction: R367 650-00
Name of subsidiary director: O Fenn
Subsidiary company: Murray & Roberts Limited
STI deferred into forfeitable shares: 8 000 ordinary shares
Deferral price per share: R24.51
Value of transaction: R196 080-00
Name of subsidiary director: JN Govender
Subsidiary company: Murray & Roberts Limited
STI deferred into forfeitable shares: 5 000 ordinary shares
Deferral price per share: R24.51
Value of transaction: R122 550-00
Name of subsidiary director: IW Henstock
Subsidiary company: Murray & Roberts Limited
STI deferred into forfeitable shares: 9 000 ordinary shares
Deferral price per share: R24.51
Value of transaction: R220 590-00
Name of subsidiary director: WT Mdluli
Subsidiary company: Murray & Roberts Limited
STI deferred into forfeitable shares: 4 000 ordinary shares
Deferral price per share: R24.51
Value of transaction: R98 040-00
Name of subsidiary director: FP Saieva
Subsidiary company: Murray & Roberts Limited
STI deferred into forfeitable shares: 7 000 ordinary shares
Deferral price per share: R24.51
Value of transaction: R171 570-00
Name of subsidiary director: RAG Skudder
Subsidiary company: Murray & Roberts Limited
STI deferred into forfeitable shares 8 000 ordinary shares
Deferral price per share: R24.51
Value of transaction: R196 080-00
Bedfordview
2 September 2013
Sponsor: Deutsche Securities (SA) Proprietary Limited
Date: 02/09/2013 10:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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