SENS

15-06-2007

The Tongaat-Hulett Group - Share incentive scheme transactions directors and company secretary disclosures


The Tongaat-Hulett Group Limited
(Registration number 1892/000610/06)
Share code: TNT
Issuer Code: THGL
ISIN ZAE000007449

In accordance with Rule 3.63 to 3.74 of the JSE Listings Requirements, the following is disclosed:

NATURE OF TRANSACTION:
Shareholders have approved the split of The Tongaat-Hulett Group into two separate, listed entities: Tongaat Hulett, an agri-processing business with integrated components of land management, property development and agriculture; and Hulamin, an independent niche producer of rolled, extruded and other semi-fabricated and finished aluminium products. The transactions include the listing and unbundling of Hulamin, BEE equity transactions and a share repurchase. The circular to shareholders relating to these transactions included detail on the approach to the share incentive schemes and the following share incentive scheme transactions, prior to the corporate restructuring, are in accordance therewith.

CLASS OF SECURITIES: Ordinary shares
DATE: 14 June 2007
EXTENT OF INTERESTS: Direct and beneficial
CLEARANCE TO TRANSACT: Yes

DEFERRED BONUS PLAN these relate to shares purchased by the participants out of bonus payments, which were lodged in trust with the company and which are now matched, resulting in a number of shares being acquired and delivered to the participants (as a benefit on which tax is to be paid by the participants funded by selling some of the shares)

DIRECTOR:

B G Dunlop

NUMBER OF SHARES DELIVERED:

7 394

NUMBER OF SHARES SUBSEQUENTLY SOLD:

2 958

SELLING PRICE:

146.30

DIRECTOR:

A Fourie

NUMBER OF SHARES DELIVERED:

6 007

NUMBER OF SHARES SUBSEQUENTLY SOLD:

2 403

SELLING PRICE:

146.30

DIRECTOR:

G R Hibbert

NUMBER OF SHARES DELIVERED:

5 794

NUMBER OF SHARES SUBSEQUENTLY SOLD:

2 318

SELLING PRICE:

146.30

DIRECTOR:

G P N Kruger

NUMBER OF SHARES DELIVERED:

6 384

NUMBER OF SHARES SUBSEQUENTLY SOLD:

2 554

SELLING PRICE:

146.30

DIRECTOR:

M H Munro

NUMBER OF SHARES DELIVERED:

5 763

NUMBER OF SHARES SUBSEQUENTLY SOLD:

2 305

SELLING PRICE:

146.30

DIRECTOR: 

S J Saunders

NUMBER OF SHARES DELIVERED:

6 849

NUMBER OF SHARES SUBSEQUENTLY SOLD:

2 740

SELLING PRICE:

146.30

DIRECTOR:

M Serfontein

NUMBER OF SHARES DELIVERED:

5 498

NUMBER OF SHARES SUBSEQUENTLY SOLD:

2 199

SELLING PRICE:

146.30

DIRECTOR:

P H Staude

NUMBER OF SHARES DELIVERED:

17 236

NUMBER OF SHARES SUBSEQUENTLY SOLD:

6 894

SELLING PRICE:

146.30

SHARE APPRECIATION RIGHTS these relate to rights granted with strike prices of R57.58 and R96.09. The requisite performance conditions were tested and assessed as being fully met. There has been a partially accelerated vesting of these awards based on the time that has been served up to the unbundling. The following participants have elected to exercise some of their rights, which results in a calculated (i.e. in respect of the appreciation above the strike price) number of shares being acquired and delivered to the participants (as a benefit on which tax is to be paid by the participants)

DIRECTOR:

M H Munro

NUMBER OF SHARES DELIVERED:

6 622

NUMBER OF SHARES SUBSEQUENTLY SOLD:

6 622

SELLING PRICE:

146.30

DIRECTOR:

M Serfontein

NUMBER OF SHARES DELIVERED:

9 332

NUMBER OF SHARES SUBSEQUENTLY SOLD:

9 332

SELLING PRICE:

146.30

COMPANY SECRETARY:

M M L Mokoka

NUMBER OF SHARES DELIVERED:

4 075

NUMBER OF SHARES SUBSEQUENTLY SOLD:

4 075

SELLING PRICE:

146.30

LONG TERM INCENTIVE PLAN these relate to instruments where the requisite performance conditions were tested and assessed as being fully met. There has been a partially accelerated vesting of these awards based on the time that has been served up to the unbundling, which results in a number of shares being acquired and delivered to the participants (as a benefit on which tax is to be paid by the participants)

DIRECTOR:

B G Dunlop

NUMBER OF SHARES DELIVERED:

17 840

NUMBER OF SHARES SUBSEQUENTLY SOLD:

17 840

SELLING PRICE:

146.30

DIRECTOR:

A Fourie

NUMBER OF SHARES DELIVERED:

 16 650

NUMBER OF SHARES SUBSEQUENTLY SOLD:

6 660

SELLING PRICE:

146.30

DIRECTOR:

G R Hibbert

NUMBER OF SHARES DELIVERED:

14 110

NUMBER OF SHARES SUBSEQUENTLY SOLD:

9 120

SELLING PRICE:

146.30

DIRECTOR:

G P N Kruger

NUMBER OF SHARES DELIVERED:

16 014

NUMBER OF SHARES SUBSEQUENTLY SOLD:

6 406

SELLING PRICE:

146.30

DIRECTOR:

M H Munro

NUMBER OF SHARES DELIVERED:

14 410

NUMBER OF SHARES SUBSEQUENTLY SOLD:

14 410

SELLING PRICE:

146.30

DIRECTOR:

S J Saunders

NUMBER OF SHARES DELIVERED:

15 546

NUMBER OF SHARES SUBSEQUENTLY SOLD:

6 218

SELLING PRICE:

146.30

DIRECTOR:

M Serfontein

NUMBER OF SHARES DELIVERED:

12 494

NUMBER OF SHARES SUBSEQUENTLY SOLD:

4 998

SELLING PRICE:

146.30

DIRECTOR:

P H Staude

NUMBER OF SHARES DELIVERED:

45 324

NUMBER OF SHARES SUBSEQUENTLY SOLD:

45 324

SELLING PRICE:

146.30

COMPANY SECRETARY:

M M L Mokoka

NUMBER OF SHARES DELIVERED:

476

NUMBER OF SHARES SUBSEQUENTLY SOLD:

476

SELLING PRICE:

146.30

SHARE OPTIONS- these relate to the original Tongaat-Hulett Group share option schemes and in respect of which there has been no accelerated vesting. Options have been exercised and shares subsequently sold:

DIRECTOR:

B G Dunlop

OPTION PRICE:

43.53

SELLING PRICE:

146.30

NUMBER OF OPTIONS EXERCISED AND SHARES SOLD:

13 900

DIRECTOR:

G R Hibbert

OPTION PRICE:

49.60

SELLING PRICE:

146.30

NUMBER OF OPTIONS EXERCISED AND SHARES SOLD:

11 000

DIRECTOR:

G P N Kruger

OPTION PRICE:

45.47

SELLING PRICE:

146.30

NUMBER OF OPTIONS EXERCISED AND SHARES SOLD:

32 000

DIRECTOR:

M Serfontein

OPTION PRICE:

33.27

SELLING PRICE:

146.30

NUMBER OF OPTIONS EXERCISED AND SHARES SOLD:

22 000

DIRECTOR:

P H Staude

OPTION PRICE:

49.60

SELLING PRICE:

146.30

NUMBER OF OPTIONS EXERCISED AND SHARES SOLD:

42 000

15 June 2007
Tongaat

Sponsor: Investec Bank Limited