SENS

13-03-2012

Executive Directors - Deferred Bonus Plan


TON - TONGAAT HULETT EXECUTIVE DIRECTORS - DEFERRED BONUS PLAN 

 

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:

 

TONGAAT HULETT - EXECUTIVE DIRECTORS - DEFERRED BONUS PLAN

 

Deferred bonus plan matching awards have vested in respect of the deferred bonus plan shares acquired by the executive directors in 2009 and which they continue to hold. This results in a number of matching shares being acquired and delivered to the following executive directors, as follows:

 

DIRECTOR:                                  BG DUNLOP

NUMBER OF SHARES DELIVERED:                4,620

NUMBER OF SHARES SOLD TO PAY TAX:          1,848

VALUE OF SHARES SOLD:                      R192,598

SELLING PRICE:                             R104,22

NUMBER OF SHARES RETAINED:                 2,772

 

DIRECTOR:                                  MH MUNRO

NUMBER OF SHARES DELIVERED:                4,227

NUMBER OF SHARES SOLD TO PAY TAX:          1,691

VALUE OF SHARES SOLD:                      R176,236

SELLING PRICE:                             104,22

NUMBER OF SHARES RETAINED:                 2,536

 

DIRECTOR:                                  PH STAUDE

NUMBER OF SHARES DELIVERED:                14,171

NUMBER OF SHARES SOLD TO PAY TAX:          5,668

VALUE OF SHARES SOLD:                      R590,718

SELLING PRICE:                             R104,22

NUMBER OF SHARES RETAINED:                 8,503

 

CLASS OF SECURITIES: Ordinary shares

DATE: 12 March 2012

EXTENT OF INTERESTS: Direct and beneficial

CLEARANCE TO TRANSACT: Yes

PURCHASED/SOLD ON MARKET: Yes

 

 

 

13 March 2012

Tongaat

 

Sponsor: Investec Bank limited