Statistics Act, 1999
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 100: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 100 : The General Principles for Measuring Ownership8. Options and share warrants |
| 8.1) | Exercisable voting rights and Economic interest will be recognised where a Participant holds an instrument granting the holder the right to acquire an Equity Instrument or part thereof at a future date. If the following requirements are met: |
| 8.1.1) | The Exercisable Voting Rights attached to that instrument are irrevocably transferred to the holder for the option period and are exercisable by the holder before acquiring the Equity Instrument. |
| 8.1.2) | The Value of any Economic Interest is irrevocably transferred for the option period and paid to the holder of that instrument before the exercise of that right. |
| 8.1.3) | The value of an instrument must be determined by using a Standard valuation method for calculating the Net value. |
