South African Institute for Drug Free Sport Act, 1997
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Services CharterCode Series FS100: 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. |
