CRD - Central Rand Gold Limited - Share options granted to Johan du Toit Release Date: 24/02/2010 16:00:02 Code(s): CRD
CRD - Central Rand Gold Limited - Share options granted to Johan du Toit
Central Rand Gold Limited
(Incorporated as a company with limited liability under the laws of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited liability under the laws of
South Africa, registration number 2007/019223/10)
Share code on LSE: CRND
Share code on JSE: CRD
(`CRG` or `the Company`)
Share options granted to Johan du Toit
CRG announces that at the meeting held on Wednesday, 10th February 2010, the
Board of Directors of the Company approved the grant of options over 1,500,000
shares in the Company to the Chief Executive Officer, Johan du Toit.
The options will vest in three equal tranches with the first tranche vesting on
10 February 2011, the second tranche a year thereafter and the final tranche
vesting on 10 February 2013.
The first tranche has an exercise price of GBP0.20; the second tranche an
exercise price of GBP0.40 and the third tranche an exercise price of GBP0.60.
Each of the three tranches will remain exercisable for a period of three years
after vesting and will be capable of being exercised in part or in full at any
time after vesting and during the exercise period.
Issued on behalf of: Central Rand Gold Limited
Date: 24 February 2010
For further information, please contact
Central Rand Gold
Johan du Toit / Patrick Malaza +27 (0) 11 551 4000
Evolution Securities Limited
Simon Edwards / Chris Sim / Neil Elliot +44 (0) 20 7071 4300
Macquarie First South Advisers (Pty) Ltd
Thembeka Mgoduso / Melanie de Nysschen +27 (0) 11 583 2000
Buchanan Communications Limited
Bobby Morse / Ben Willey / Katharine Sutton +44 (0) 20 7466 5000
Jenni Newman Public Relations (Pty) Ltd
Jenni Newman / Megann Outram +27 (0) 11 506 7300
Macquarie First South Advisers (Pty) Limited
Date: 24/02/2010 16:00:02 Supplied by www.sharenet.co.za
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