SENS

14-06-2011

Granting of Rights to Participate in Share Incentive Plans


TON - TONGAAT HULETT - GRANTING OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS

 

Tongaat Hulett Limited

Registration number (1892/000610/06)

Share code: TON

ISIN ZAE000096541

 

TONGAAT HULETT – GRANTING OF RIGHTS TO PARTICIPATE IN SHARE INCENTIVE PLANS

 

Executive Directors and the Company Secretary have been granted rights to participate in the Company’s share incentive plans as follows:

 

Share appreciation rights, which are subject to performance conditions and vest after three years, with a grant date of 31 May 2011, at a grant price of R90,42.

Executive Directors:

B G Dunlop         29,552 rights

M H Munro          28,669 rights

P H Staude         87,397 rights

Company Secretary:

M A C Mahlari      9,748 rights

                       

Long term incentive plan awards, which are subject to performance conditions and vest after three years.

Executive Directors:

B G Dunlop         11,734 conditional awards

M H Munro          11,384 conditional awards

P H Staude         34,829 conditional awards

Company Secretary:

M A C Mahlari       3,066 conditional awards

 

The effective date of the above transactions was 13 June 2011, approval for the individual allocations has been given.

 

14 June 2011

Tongaat

 

Sponsor: Investec Bank limited