SENS

31-08-2010

Share Scheme Transactions - Executive Directors


TON TONGAAT HULETT SHARE SCHEME TRANSACTIONS EXECUTIVE DIRECTORS

 

Tongaat Hulett Limited

Registration number (1892/000610/06)

Share code: TON

ISIN ZAE000096541

 

In accordance with the JSE Listings Requirements, the following is disclosed in respect of executive directors and share scheme transactions:

 

CLASS OF SECURITIES: Ordinary shares

purchased and sold on market

DATE: 27 August 2010

EXTENT OF INTERESTS: Direct and beneficial

CLEARANCE TO TRANSACT: Yes

 

VESTING OF AWARDS IN TERMS OF THE LONG TERM INCENTIVE PLAN - a portion of instruments granted under the Long Term Incentive Plan in 2007 have vested, taking into account the extent to which the performance conditions were met. This results in a number of shares being acquired and delivered to the following executive directors:

 

DIRECTOR:                                       PH STAUDE

NUMBER OF SHARES DELIVERED:                     14,956

NUMBER OF SHARES SUBSEQUENTLY SOLD:             14,956

PRICE PER SHARE:                                R 101.20

VALUE:                                          R 1,513,547.20

 

DIRECTOR:                                       BG DUNLOP

NUMBER OF SHARES DELIVERED:                     5,336

NUMBER OF SHARES SUBSEQUENTLY SOLD:             5,336

PRICE PER SHARE:                                R 101.20

VALUE:                                         R 540,003.20

 

DIRECTOR:                                       MH MUNRO

NUMBER OF SHARES DELIVERED:                     5,015

NUMBER OF SHARES SUBSEQUENTLY SOLD:             2,056

NUMBER OF SHARES RETAINED:                      2,959

PRICE PER SHARE:                                R 101.67

VALUE:                                         R 509,875.05

 

 

SHARE APPRECIATION RIGHTS these relate to rights granted in 2005 with a grant price of R43,98. The requisite performance conditions have been fully met previously. An election has been made to exercise rights, which results in a calculated (i.e. in respect of the appreciation above the grant price) number of shares being acquired and delivered, as follows:

 

DIRECTOR:                                  P H Staude

NUMBER OF RIGHTS EXERCISED:                92,810

NUMBER OF SHARES DELIVERED:                52,460

NUMBER OF SHARES SUBSEQUENTLY SOLD:        21,508

PRICE PER SHARE:                           R 101.16

NUMBER OF SHARES RETAINED:                 30,952

VALUE:                                     R 5,306,853.60

 

 

 

Tongaat

31 August 2010

 

 

Sponsor: Investec Bank Limited