SENS

17-02-2012

Share scheme transactions - Executive Director


TON TONGAAT HULETT SHARE SCHEME TRANSACTIONS EXECUTIVE DIRECTOR

 

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 an executive director and share scheme transactions:

 

 

SHARE APPRECIATION RIGHTS these relate to rights that will expire shortly and which were 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:                               M H Munro

NUMBER OF RIGHTS EXERCISED:                21,185

NUMBER OF SHARES DELIVERED:                12,177

NUMBER OF SHARES SUBSEQUENTLY SOLD:        12,177

PRICE PER SHARE:                          R103.05

Value:                                 R1,254,840

CLASS OF SECURITIES: Ordinary shares

DATE: 15 February 2012

EXTENT OF INTERESTS: Direct and beneficial

CLEARANCE TO TRANSACT: Yes

PURCHASED/SOLD ON MARKET: Yes

 

 

Tongaat

17 February 2012

 

 

Sponsor: Investec Bank Limited