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ELB GROUP LIMITED - Exercise of options by a director of a major subsidiary

Release Date: 06/05/2016 11:10
Code(s): ELR     PDF:  
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Exercise of options by a director of a major subsidiary

ELB GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06
ISIN: ZAE000035101
Share Code: ELR

EXERCISE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Director                                 :       Jolandi Salomons
Company                                          ELB Engineering Services Proprietary Limited (a major
                                                 subsidiary of ELB Group Limited)
Date of transaction                      :       05 May 2016
Nature of transaction                    :       Off market exercise of options granted in terms of the ELB
                                                 Incentive Scheme
Class of securities                      :       Options in respect of ordinary shares
Number of options exercised              :       4 000
Option strike price                      :       R12.89
Vesting                                  :       Immediate upon exercise of options
Total value of transaction               :       R51 560.00
Nature of interest                       :       Direct beneficial
Clearance obtained                       :       Yes

Boksburg
06 May 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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