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Wescoal Holdings Limited - Dealing In Securities By Directors

Release Date: 29/11/2016 14:46:00      Code(s): WSL     
WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(?Wescoal? or "the Company")

Dealing in securities by directors

In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements, the following
information, relating to the dealing in securities, is disclosed:

Name:                                          Thivha Tshithavhane
Designation:                                   Executive director
Date of transaction:                           28 November 2016
Class of securities:                           Share options
Number of share options:                       850 000
Price per share option:                        R2.45
Total value:                                   R2 082 500
Exercise periods:                              20% after the 1st anniversary date
                                               40% after the 2nd anniversary date
                                               60% after the 3rd anniversary date
                                               80% after the 4th anniversary date
                                               Remainder after the 5th anniversary date
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable

Name:                                          Bothwell Mazarura
Designation:                                   Executive director
Date of transaction:                           28 November 2016
Class of securities:                           Share options
Number of share options:                       1 000 000
Price per share option:                        R2.45
Total value:                                   R2 450 000
Exercise periods:                              20% after the 1st anniversary date
                                               40% after the 2nd anniversary date
                                               60% after the 3rd anniversary date
                                               80% after the 4th anniversary date
                                               Remainder after the 5th anniversary date
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable


29 November 2016

Sponsor
Nedbank Corporate and Investment Banking

Date: 29/11/2016 02:46:00 Supplied by www.sharenet.co.za                     
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