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Wescoal Holdings Limited - Dealing In Securities By Directors, Company Secretary And Directors Of Major Subsidiaries

Release Date: 02/10/2017 12:08:00      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, company secretary and directors of major subsidiaries

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:                                          W Sulaiman
Designation:                                   Executive director
Date of transaction:                           29 September 2017
Class of securities:                           Share options
Number of share options:                       225 000
Price per share option:                        R2.13163
Total value:                                   R479 616.75
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
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
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable

Name:                                          I J van der Walt
Designation:                                   Executive director
Date of transaction:                           29 September 2017
Class of securities:                           Share options
Number of share options:                       954 000
Price per share option:                        R2.13163
Total value:                                   R2 033 575.02
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
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
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable

Name:                                          V Dhanooklal
Designation:                                   Company secretary
Date of transaction:                           29 September 2017
Class of securities:                           Share options
Number of share options:                       205 000
Strike price:                                  R2.13163
Total value:                                   R436 984.15
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
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
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable

Name:                                          T Tshithavhane
Designation:                                   Director of Wescoal Mining (Pty) Limited
Date of transaction:                           29 September 2017
Class of securities:                           Share options
Number of share options:                       205 000
Price per share option:                        R2.13163
Total value:                                   R436 985.15
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
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
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable

Name:                                          MR Berry
Designation:                                   Director of Wescoal Trading (Pty) Limited
Date of transaction:                           29 September 2017
Class of securities:                           Share options
Number of share options:                       205 000
Price per share option:                        R2.13163
Total value:                                   R436 985.15
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
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
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable

Name:                                          N Mbekeni
Designation:                                   Director of Wescoal Mining (Pty) Limited
Date of transaction:                           29 September 2017
Class of securities:                           Share options
Number of share options:                       115 000
Price per share option:                        R2.13163
Total value:                                   R245 137.45
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
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
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable

Name:                                          B Hlophe
Designation:                                   Director of Wescoal Mining (Pty) Limited and
                                               Wescoal Trading (Pty) Limited
Date of transaction:                           29 September 2017
Class of securities:                           Share options
Number of share options:                       205 000
Price per share option:                        R2.13163
Total value:                                   R436 984.15
Nature of transaction:                         Award and acceptance of share options in
                                               terms of the Wescoal Share Incentive Trust
                                               (off market)
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
Extent of interest:                            Direct beneficial
Clearance to deal:                             Not applicable


2 October 2017

Sponsor
Nedbank Corporate and Investment Banking

Date: 02/10/2017 12:08:00 Supplied by www.sharenet.co.za                     
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