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CDZ
CDZ
CDZ - Cadiz Holdings Limited -Directors` Interests
Cadiz Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/007258/06)
Share code: CDZ ISIN: ZAE000017661
DIRECTORS` INTERESTS
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the
following information is disclosed:
Cadiz announces the following conditional awards of ordinary shares and B
preference shares in the capital of the Company by the Cadiz Executive Equity
Scheme Trust in terms of the Trust Deed and Conditional Offer approved at the
Annual General Meeting on 31 August 2010. The new scheme, in terms of which key
employees receive a portion of their annual performance award in conditional
equity rather than cash, was introduced to align such employees with the
shareholders. The awards which are based on a share price of 331.78 vest on 3
June 2011 and are exercisable 1/3 per annum from 3 June 2011.
Director : Dan Ahern
Office held : Director of major subsidiary
Company : Cadiz Securities (Pty) Ltd
Number : 490 309
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : Ram Barkai
Office held : Director
Company : Cadiz Holdings Limited
Number : 747 138
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : Frank Cadiz
Office held : Director of major subsidiary
Company : Cadiz Asset Management (Pty) Ltd
Number : 350 221
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : Robbie Gonsalves
Office held : Director of major subsidiary
Company : Cadiz Special Projects Limited
Number : 194 069
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : Evan Jones
Office held : Director of major subsidiary
Company : Cadiz Asset Management (Pty) Ltd
Number : 431 939
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : Kevin Morley
Office held : Director of major subsidiary
Company : Cadiz Securities (Pty) Ltd
Number : 84 053
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : Fraser Shaw
Office held : Director
Company : Cadiz Holdings Limited
Number : 245 154
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : Phillip Sturgess
Office held : Director of major subsidiary
Company : Cadiz Asset Management (Pty) Ltd
Number : 186 784
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Director : James Walsh
Office held : Director of major subsidiary
Company : Cadiz Stockbroking (Pty) Ltd
Number : 112 070
Issue date : 1 September 2010
Class of shares : Ordinary
Nature of transaction : Paid up equity settled share appreciation rights
plus B preference shares
Nature of interest : Direct beneficial
Clearance in terms of paragraph 3.66 has been given by the designated persons
Cadiz furthermore announces the following conditional award of ordinary shares
and A ordinary shares in the capital of the Company by the Cadiz Black Employee
Share Ownership Trust in terms of the Trust Deed approved at the Annual General
Meeting on 18 August 2008. The award vests 20% per year from years three to
seven. On vesting the shares are subject to a lock in until 1 June 2016. A
premium of 5% of the initial price of 331.78 cents per shares is payable and the
strike price is the initial price per share increasing by a notional interest
amount equivalent to 75% of prime and decreasing by any distributions per share
made by the Company.
Director : Matthew Nhlapo
Office held : Director of major subsidiary
Company : Cadiz Stockbroking (Pty) Ltd
Number : 542 528
Issue date : 1 September 2010
Nature of transaction : Equity settled share appreciation rights
plus voting A Ordinary shares
Premium paid : R90 000
Class of shares : Ordinary
Nature of interest : Direct beneficial
Clearance in terms of paragraph 3.66 has been given by the designated person
2 September 2010
Sponsor: Investec Bank Limited
Date: 02/09/2010 10:48:01 Produced by the JSE SENS Department.
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