THE BIDVEST GROUP LIMITED - Granting of conditional share awards in terms of the 2008 Bidvest Conditional Share Plan

Granting of conditional share awards in terms of the 2008 Bidvest Conditional Share Plan

THE BIDVEST GROUP LIMITED
(“Bidvest”)
(Incorporated in the Republic of South Africa)
Registration number: 1946/021180/06
Share code: BVT ISIN ZAE 000117321


GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2008 BIDVEST CONDITIONAL
SHARE PLAN

Executive Directors have been awarded Conditional Share Awards in terms of the 2008 Bidvest
Group Conditional Share Plan, approved by shareholders at the annual general meeting in
November 2008. Conditional Share Awards are subject to performance conditions for the
period ending June 30 2018. Subject to performance, vesting will occur in September 2018 and
September 2019. The remuneration Committee has given approval for the following individual
allocations.

Conditional share awards are as follows:
Executive Directors:
B L Berson                   35 000 conditional share awards
D E Cleasby                  19 000 conditional share awards
B Joffe                     70 000 conditional share awards
L P Ralphs                   35 000 conditional share awards

ACCEPTANCE OF SHARE OPTIONS BY DIRECTORS AND COMPANY SECRETARY
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information
is disclosed:

The following executive directors have accepted share options in terms of the Bidvest Incentive
Scheme as follows:

Executive Director:          Anthony William Dawe
Number of Options:           40 000
Strike Price of options      R301.54
Total Value                  R12 061 600.00
Date of Acceptance           December 11, 2015
Nature of transaction        Acceptance of options – off market
Class of shares              Ordinary
Nature of interest           Direct beneficial

Executive Director:          Nompumelelo Themekile Madisa
Number of Options:           40 000
Strike Price of options      R301.54
Total Value                  R12 061 600.00
Date of Acceptance           December 11, 2015
Nature of transaction        Acceptance of options – off market
Class of shares              Ordinary
Nature of interest           Direct beneficial

Executive Director:          Gillian Claire McMahon
Number of Options:           30 000
Strike Price of options      R301.54
Total Value                  R9 046 200.00
Date of Acceptance           December 11, 2015
Nature of transaction        Acceptance of options – off market
Class of shares              Ordinary
Nature of interest           Direct beneficial

The Company Secretary has accepted share options in terms of the Bidvest Incentive Scheme as
follows:

Company Secretary:           Craig Andrew Brighten
Number of Options:           5 000
Strike Price of options      R301.54
Total Value                  R1 507 700.00
Date of Acceptance           December 11, 2015
Nature of transaction        Acceptance of options – off market
Class of shares              Ordinary
Nature of interest           Direct beneficial

Clearance in terms of para 3.66 of the listings requirements was obtained from the
Remuneration Committee of The Bidvest Group Limited.

Date: December 11 2015
Johannesburg
Sponsor: Investec

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