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

Release Date: 23/04/2018 13:22
Code(s): ELR
 
Wrap Text
Acceptance 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
JSE Code: ELR
(“the Company”)

ACCEPTANCE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY

In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the acceptance of options in terms of The ELB Share Incentive
Scheme:

Name of director:                      GI Comins
Name of company:                       ELB Engineering Services Proprietary Limited
Date of acceptance:                    23 April 2018
Number of options accepted:            50 000
Option strike price:                   R18.69
Total value of transaction:            R934 500
Grant date of option:                  13 March 2018
Strike date:                           Within 10 years from grant date
Nature of transaction:                 Acceptance of options granted in terms of The ELB Share
                                       Incentive Scheme
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Yes

Boksburg
23 April 2018

Sponsor
Questco Corporate Advisory (Proprietary) Limited

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