GRAND PARADE INVESTMENTS LIMITED - Acceptance Of Options Offered By The Grand Parade Share Incentive Trust

Acceptance Of Options Offered By The Grand Parade Share Incentive Trust

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the company”)

ACCEPTANCE OF OPTIONS OFFERED BY THE GRAND PARADE SHARE INCENTIVE
TRUST

In compliance with rules 3.63 to 3.74 of the JSE Limited’s
Listings Requirements, the following information is disclosed:


NAME OF DIRECTOR                 Hassen Adams
COMPANY OF WHICH A DIRECTOR      Grand Parade Investments
                                 Limited
STATUS: EXECUTIVE/NON-           Executive
EXECUTIVE
NUMBER OF OPTIONS GRANTED        2,377,924
OPTION STRIKE PRICE              R 2.61 (GPI’s 30-day volume
                                 weighted average traded price
                                 at 22 September 2017)
TOTAL RAND VALUE OF OPTIONS      R 6,206,381.64
STRIKE DATES OF OPTIONS          26 September 2019; 26 September
                                 2020; 26 September 2021 and 26
                                 September 2022 *
PERIOD OF EXERCISE               Participants have a 180-day
                                 period from the respective
                                 strike dates during which
                                 options can be exercised
DATE OF AWARD                    26 September 2017
DATE OPTIONS ACCEPTED            9 October 2017
CLASS AND TYPE OF SECURITIES     Options in respect of ordinary
                                 shares
NATURE OF TRANSACTION            Acceptance of options granted
                                 to subscribe for ordinary
                                 shares in terms of a share
                                 incentive scheme
NATURE AND EXTENT OF INTEREST    Direct beneficial
IN THE TRANSACTION
CLEARANCE OBTAINED               Yes


*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.

NAME OF DIRECTOR                   Tasneem Karriem
COMPANY OF WHICH A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          921,406
OPTION STRIKE PRICE                R 2.61(GPI’s 30-day volume
                                   weighted average traded price
                                   at 22 September 2017)
TOTAL RAND VALUE OF OPTIONS        R 2,404,869.66
STRIKE DATES OF OPTIONS            26 September 2019; 26
                                   September 2020; 26 September
                                   2021 and 26 September 2022 *
PERIOD OF EXERCISE                 Participants have a 180-day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE AWARD                         26 September 2017
DATE OPTIONS ACCEPTED              9 October 2017
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION
CLEARANCE OBTAINED                 Yes

*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.

NAME OF DIRECTOR                   Dylan Pienaar
COMPANY OF WHICH A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          1,026,555
OPTION STRIKE PRICE                R 2.61(GPI’s 30-day volume
                                   weighted average traded price
                                   at 22 September 2017)
TOTAL RAND VALUE OF OPTIONS        R 2,679,308.55
STRIKE DATES OF OPTIONS            26 September 2019; 26
                                   September 2020; 26 September
                                   2021 and 26 September 2022 *
PERIOD OF EXERCISE                 Participants have a 180-day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE OF AWARD                      26 September 2017
DATE OPTIONS ACCEPTED              9 October 2017
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION
CLEARANCE OBTAINED                 Yes

*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.

Clearance to accept these share option awards was obtained in
accordance   with rule  3.66  of  the  JSE   Limited Listings
Requirements.

9 October 2017
Cape Town

Sponsor
PSG Capital Proprietary Limited

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