TISO BLACKSTAR GROUP SE - Director/PDMR Shareholding And Issue Of Treasury Shares

Director/PDMR Shareholding And Issue Of Treasury Shares

Tiso Blackstar Group SE
(Incorporated in England and Wales)
(Company number SE 110)
(registered as an external company with limited liability in the Republic of South Africa under registration
number 2011/008274/10)
LSE Ticker: TBGR
JSE Share code: TBG
ISIN: MT0000620113 ("Tiso Blackstar" or the "Company")
Friday 30 June 2017
                             Director/PDMR Shareholding and issue of Treasury Shares
     Notification and public disclosure of transactions by persons discharging managerial responsibilities and
                                        persons closely associated with them

1.              Details of the person discharging managerial responsibilities/person closely associated

(a)             Name                             Andrew Bonamour

2.              Reason for the notification

(a)             Position/status                  Director, Tiso Blackstar Group SE (PDMR)

(b)             Initial notification/            Initial Notification
                Amendment

3.              Details of the issuer, emission allowance market participant, auction platform, auctioneer or
                auction monitor

(a)             Name                             Tiso Blackstar Group SE

(b)             LEI                              N/A

4.              Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type
                of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)             Description of the financial     Ordinary shares of €0.76 each
                instrument, type of
                instrument

                Identification code              ISIN: MT0000620113

(b)             Nature of the transaction        Award of forfeitable shares, subject to achievement of
                                                 performance conditions, under the Management Incentive
                                                 Scheme as approved by shareholders at the EGM on 20 June
                                                 2017.

(c)             Price(s) and volume (s)
                                                  Price(s)                        Volume(s)
                                                  Zero (forfeitable share
                                                                                                       443,468
                                                  award)
  (d)          Aggregated information           As stated above.
               - Aggregated volume
               - Price

  (e)          Date of the transaction          30 June 2017

  (f)          Place of the transaction         N/A


 The Company has awarded in total 3,012,349 shares to all participants under the Management Incentive Scheme
 (including the award set out in (c) above), which equates to the total number of treasury shares held by the
 Company. These awards were accepted by participants on 30 June 2017.               The vesting of such shares to
 participants and the quantity of shares vested will be based on achievement of the performance conditions over
 the performance period. Therefore until the vesting date the shares will be subject to risk of forfeiture if certain
 conditions are not met.


 The Company has a total of 268,291,260 shares in issue and 3,012,349 treasury shares. The treasury shares will
 remain disclosed as treasury shares for accounting purposes, however they have been committed to meeting
 the Company’s obligations to participants under the Management Incentive Scheme and the participants have
 the right to vote the shares.


 The total number of voting rights in the Company is therefore 268,291,260 (the "Voting Rights Figure").The
 Voting Rights Figure may be used by shareholders as the denominator for the calculations by which they will
 determine if they are required to notify their voting rights interest, or a change to that interest, in the Company
 under the FCA's Disclosure and Transparency Rules.

 Tiso Blackstar confirms that, following the awards above, the Concert Party, as defined in the Circular published
 on 26 May 2017, now holds 34.57% percent of the Company's total voting rights.


For further information, please contact:
Tiso Blackstar Group SE                                 Leanna Isaac                         +44(0) 20 78876017
Northland Capital Partners Limited                      Tom Price/Margarita                  +44(0) 20 3861 6625
                                                        Mitropoulou
PSG Capital Proprietary Limited                         David Tosi                           +27(0) 21 887 9602

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