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CHEMICAL SPECIALITIES LIMITED - Dealing in securities by directors

Release Date: 15/01/2014 14:35
Code(s): CSP     PDF:  
Wrap Text
Dealing in securities by directors

Chemical Specialities Limited
Incorporated in the Republic of South Africa
Registration number 2005/039947/06
Share code: CSP
ISIN: ZAE000109427
("Chemspec" or "the Company")



DEALING IN SECURITIES BY DIRECTORS



In accordance with the requirements of paragraph 3.63 to 3.74 of the
JSE Limited Listings Requirements (“Listings Requirements”), the
following dealing in securities by a director should be noted:


Name of company               :   CHEMICAL SPECIALITIES LIMITED
Name of director              :   Baron Schreuder, an executive
                                  director of Chemspec
Class of securities           :   Options in Chemspec
Nature of transactions        :   Grant of options
Nature of interests           :   Direct beneficial
No of options                 :   5 000 000
Option strike price           :   31 cents per option
Option strike date            :   15 January 2014
Period of exercise and/or         * after 3 years have elapsed from
vesting                             the date on which the option is
                                    granted, in respect of not more
                                    than one-third of the shares
                                    which are the subject of that
                                    option;
                                  * after 4 years have elapsed from
                                    the date on which the option is
                                    granted, in respect of not more
                                    than two-thirds of the shares
                                    which are the subject of that
                                    option; and
                                  * after 5 years have elapsed from
                                    the date on which the option is
                                    granted, in respect of all the
                                    shares which are the subject of
                                    that option.
Total value of transaction    :   R1 550 000

Name of company             :   CHEMICAL SPECIALITIES LIMITED
Name of director            :   Bruce Mackinnon, an executive
                                director of Chemspec
Class of securities         :   Options in Chemspec
Nature of transactions      :   Grant of options
Nature of interests         :   Direct beneficial
No of options               :   3 250 000
Option strike price         :   31 cents per option
Option strike date          :   15 January 2014
Period of exercise and/or       * after 3 years have elapsed from
vesting                           the date on which the option is
                                  granted, in respect of not more
                                  than one-third of the shares
                                  which are the subject of that
                                  option;
                                * after 4 years have elapsed from
                                  the date on which the option is
                                  granted, in respect of not more
                                  than two-thirds of the shares
                                  which are the subject of that
                                  option; and
                                * after 5 years have elapsed from
                                  the date on which the option is
                                  granted, in respect of all the
                                  shares which are the subject of
                                  that option.
Value of transaction        :   R1 007 500


Name of company             :   CHEMICAL SPECIALITIES LIMITED
Name of director            :   Jonathan   Maehler,   an   executive
                                financial director of Chemspec
Class of securities         :   Options in Chemspec
Nature of transactions      :   Grant of options
Nature of interests         :   Direct beneficial
No of options               :   3 250 000
Option strike price         :   31 cents per option
Option strike date          :   15 January 2014
Period of exercise and/or       * after 3 years have elapsed from
vesting                           the date on which the option is
                                  granted, in respect of not more
                                  than one-third of the shares
                                  which are the subject of that
                                   option;
                                 * after 4 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of not more
                                   than two-thirds of the shares
                                   which are the subject of that
                                   option; and
                                 * after 5 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of all the
                                   shares which are the subject of
                                   that option.
Value of transaction         :   R1 007 500


Name of company              :   CHEMICAL SPECIALITIES LIMITED
Name of director             :   Gerard    Metzer,    an   executive
                                 director of Chemspec
Class of securities          :   Options in Chemspec
Nature of transactions       :   Grant of options
Nature of interests          :   Direct beneficial
No of options                :   3 250 000
Option strike price          :   31 cents per option
Option strike date           :   15 January 2014
Period of exercise and/or        * after 3 years have elapsed from
vesting                            the date on which the option is
                                   granted, in respect of not more
                                   than one-third of the shares
                                   which are the subject of that
                                   option;
                                 * after 4 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of not more
                                   than two-thirds of the shares
                                   which are the subject of that
                                   option; and
                                 * after 5 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of all the
                                   shares which are the subject of
                                   that option.
Value of transaction         :   R1 007 500


*    Clearance to trade has been obtained in terms of section 3.66
     of the Listings Requirements.

Johannesburg
15 January 2014

Designated Advisor:
Grindrod Bank Limited

Date: 15/01/2014 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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