Go Back Email this Link to a friend

CRD - Central Rand Gold - Announcement of share options granted to directors

Release Date: 19/08/2010 08:00:01      Code(s): CRD
CRD - Central Rand Gold  - Announcement of share options granted to directors   
and persons discharging managerial responsibility pursuant to disclosure rule   
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)                               
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
(`CRG` or `the Company`)                                                        
CRG announces that the Board of Directors of the Company has approved the grant 
of options over 3,300,000 ordinary shares of 1p each in the Company ("Shares")  
to the Chief Executive Officer, Johan du Toit and 1,200,000 Shares to the Chief 
Financial Officer, Patrick Malaza. These grants mean that Mr du Toit has        
6,600,000 Shares under option and Mr. Malaza has 1,650,000 Shares under option. 
In addition to their respective options, Mr. du Toit currently holds 350,000    
Shares, representing 0.02% per cent. of the Company`s issued share capital and  
Mr. Malaza holds 35,000 Shares, representing 0.002% per cent. of the Company`s  
issued share capital.                                                           
Furthermore the Board of Directors has approved the grant of options over a     
further 5,300,000 Shares to persons discharging managerial responsibility as    
Name        Number of    Number of   Total        Number of   % of Issued       
existing     new options options      shares held Share              
           options                  held                     Capital            
Gayton      1,900,000    1,000,000   2,900,000    250,000     0.016%            
Kenneth     1,266,667    1,000,000   2,266,667    50,000      0.003%            
Mpho Litha  450,000      1,000,000   1,450,000    -           -                 
Riccardo    450,000      1,000,000   1,450,000    -           -                 
Clive       150,000      300,000     450,000      30,000      0.002%            
Keith                    1,000,000   1,000,000    -           -                 
All of the options set out above will vest in three equal tranches with the     
first tranche vesting on 06 July 2011, the second tranche on 06 July 2012 and   
the final tranche on 06 July 2013.                                              
The first tranche has an exercise price of GBP0.04; the second tranche an       
exercise price of GBP0.06 and the third tranche an exercise price of GBP0.08.   
Other than the exercise price which will become payable upon exercise of the    
options, no further consideration has, nor will become payable by the respective
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                                   
19 August 2010                                                                  
For further information, please contact:                                        
Central Rand Gold                              +27 (0) 11 674 2304              
Johan du Toit / Patrick Malaza                                                  
Evolution Securities Limited                   +44 (0) 20 7071 4300             
Simon Edwards / Chris Sim / Neil Elliot                                         
Macquarie First South Advisers (Pty) Limited   +27 (0) 11 583 2000              
Annerie Britz / Melanie de Nysschen                                             
Buchanan Communications                        +44 (0) 20 7466 5000             
Bobby Morse / Katharine Sutton                                                  
Jenni Newman Public Relations (Pty) Limited    +27 (0) 11 506 7300              
Jenni Newman                                                                    
Date: 19/08/2010 08:00:01 Supplied by www.sharenet.co.za                     
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.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.