19 Dec 2008 08:56
Rule 3.19A.2
Appendix 3Y
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
| Name of entity BERKELEY RESOURCES LIMITED |
| ABN 40 052 468 569 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | RUSSELL SCOTT YELLAND |
| Date of last notice | 1 February 2008 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
| Direct or indirect interest | Direct |
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. | N/A |
| Date of change | 19 December 2008 |
| No. of securities held prior to change | 1,000,000 $1.86 Incentive Options expiring 5 August 2011 |
| Class | Incentive Options - exercisable at $1.00 each on or before 19 June 2012 and vesting in three equal tranches on 19 June 2009, 19 June 2010 and 19 June 2011. |
| Number acquired | 250,000 |
| Number disposed | Nil |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Issued for no consideration as a key component of the incentive portion of Mr Yelland's remuneration. |
| No. of securities held after change | 1,000,000 $1.86 Incentive Options expiring 5 August 2011 250,000 $1.00 Incentive Options expiring 19 June 2012 |
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Issued following shareholder approval. |
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
| Detail of contract | |
| Nature of interest | |
| Name of registered holder (if issued securities) | |
| Date of change | |
| No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed | |
| Interest acquired | |
| Interest disposed | |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation | |
| Interest after change |
Berkeley Eng (BKY)