SENS

05-03-2010

Executive Director - Deferred Bonus Plan


TON - TONGAAT HULETT EXECUTIVE DIRECTORS - DEFERRED BONUS PLAN 

 

Tongaat Hulett Limited

Registration number (1892/000610/06)

Share code: TON

ISIN ZAE000096541

 

TONGAAT HULETT - EXECUTIVE DIRECTORS - DEFERRED BONUS PLAN

 

Executive directors have elected to purchase shares in Tongaat Hulett in terms of the deferred bonus plan. The transactions were completed on 4 March 2010. The shares were purchased at a price of R97,32 as follows:

 

DIRECTOR:                                  BG DUNLOP

NUMBER OF SHARES PURCHASED:                3,838

 

DIRECTOR:                                  MH MUNRO

NUMBER OF SHARES PURCHASED:                3,609

 

DIRECTOR:                                  PH STAUDE

NUMBER OF SHARES PURCHASED:                11,959

 

Deferred bonus plan matching awards have vested in respect of the deferred bonus plan shares acquired by executive directors in 2007 and held by them since then. This results in a number of matching shares being acquired and delivered to the following executive directors on 5 March 2010, as follows:

 

DIRECTOR:                                  BG DUNLOP

NUMBER OF SHARES DELIVERED:                3,357

NUMBER OF SHARES SOLD:                     1,343

SELLING PRICE:                             R100,61

 

DIRECTOR:                                  MH MUNRO

NUMBER OF SHARES DELIVERED:                2,887

NUMBER OF SHARES SOLD:                     1,155

SELLING PRICE:                             R100.61

 

DIRECTOR:                                  PH STAUDE

NUMBER OF SHARES DELIVERED:                7,711

NUMBER OF SHARES SOLD                      7,711

SELLING PRICE:                             R100.61

 

Approval for the above allocations and clearance to transact has been given.

 

5 March 2010

Tongaat

 

Sponsor: Investec Bank limited