business.iafrica.com | company news Edcon CEO pockets R7.9m
business.iafrica.com | company news Edcon CEO pockets R7.9m: "Edcon CEO pockets R7.9m
Tue, 05 Jul 2005
The CEO of clothing and general goods retailer Edgars Consolidated Stores (Edcon), Steve Ross, has sold 28 000 Edcon shares for a total of R7.9-million for 'financial planning purposes', the company revealed in a statement on Tuesday.
Ross sold the shares at a price of 282.17 rand per share on Monday.
According to Edcon's 2005 Annual Report, Ross held a total of 500 000 Edcon share options as at April 2, 2005, exercisable within five years. This is down from 800 000 in 2004.
The CEO's 2005 remuneration package, comprising salary and benefits, totaled R10.36-million, a five percent rise from R9.86-million in 2004. "
Tue, 05 Jul 2005
The CEO of clothing and general goods retailer Edgars Consolidated Stores (Edcon), Steve Ross, has sold 28 000 Edcon shares for a total of R7.9-million for 'financial planning purposes', the company revealed in a statement on Tuesday.
Ross sold the shares at a price of 282.17 rand per share on Monday.
According to Edcon's 2005 Annual Report, Ross held a total of 500 000 Edcon share options as at April 2, 2005, exercisable within five years. This is down from 800 000 in 2004.
The CEO's 2005 remuneration package, comprising salary and benefits, totaled R10.36-million, a five percent rise from R9.86-million in 2004. "
posted by Ask Ceo | 4:02 PM
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