Statistics Act, 1999
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2017)Amended Code Series CSC100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment in the Construction SectorStatement CSC100: The General Principles for Measuring Ownership3. Key Measurement Principles3.13 Options and Share Warrants |
| 3.13.1 | 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: |
| 3.13.1.1 | 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; |
| 3.13.1.2 | The value of any Economic Interest is irrevocably transferred to the holder for the option period and paid to the holder of that instrument before the exercise of that right; and |
| 3.13.1.3 | The value of the instrument must be determined by using a Standard Valuation Method for calculating the Net Value. |
