To view the PDF file, sign up for a MySharenet subscription.

BSI STEEL LIMITED - Dealing in securities by directors and company secretary

Release Date: 04/12/2014 11:41
Code(s): BSS     PDF:  
Wrap Text
Dealing in securities by directors and company secretary

BSI STEEL Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/023164/06)
JSE code: BSS
ISIN: ZAE000125134
(“BSI” or "the company")


DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
company hereby discloses the following dealings in the company’s securities by directors
and the company secretary in terms of which the directors and company secretary accepted
the grant of equity-settled share appreciation rights (“SAR”) in terms of BSI’s Share
Appreciation Rights Scheme (“the Scheme”):

Name of director of BSI:          Craig Parry – Executive Director            (1)
                                  Kevin Paxton – Executive Director           (2)
                                  Emmerentia Vermaak - Executive Director     (3)
Company secretary of BSI:         Stephen Hackett                             (4)
Date of grant:                    2 December 2014
Date of acceptance:               3 December 2014
Class of securities:              Equity-settled share appreciation rights

Grant price:                      42 cents

Vesting date:                     30 June 2017

Number of SARs granted:           4 000 000                                   (1)
                                  2 000 000                                   (2)
                                  500 000                                     (3)
                                  250 000                                     (4)
Total Rand value of the SARs      R1 680 000                                  (1)
                                  R840 000                                    (2)
                                  R210 000                                    (3)
                                  R105 000                                    (4)

Nature of interest:               Direct beneficial

Nature of transaction:            Acceptance of SARs granted to the directors and
                                  Company secretary in terms of the Scheme. The vesting
                                  of the SARs is subject to certain performance conditions
                                  being fulfilled by the vesting date.
                                  (Off-market transaction)

Clearance obtained                Yes
4 December 2014
Designated Advisor:
Sasfin Capital (a division of Sasfin Bank Limited)

Date: 04/12/2014 11:41:00 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.

Share This Story