Acceptance of Options in Terms of the Curro Holdings Limited Executive Long Term Share Incentive Scheme
CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
LEI: 378900E237CB40F0BF96
(“Curro” or “the Company”)
ACCEPTANCE OF OPTIONS IN TERMS OF THE CURRO HOLDINGS LIMITED
EXECUTIVE LONG TERM SHARE INCENTIVE SCHEME
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed regarding the acceptance by directors of the Company of
options awarded in terms of the Curro Holdings Limited Executive Long Term Share Incentive
Scheme (“Scheme”):
1.
NAME OF DIRECTOR JP Loubser
COMPANY OF WHICH A DIRECTOR Curro Holdings Limited
STATUS: EXECUTIVE / NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Acceptance of award of options to acquire
ordinary shares in terms of the Scheme (off-
market transaction)
DATE OF AWARD OF OPTIONS 16 March 2023
DATE OF ACCEPTANCE OF OPTIONS 24 March 2023
OPTION STRIKE PRICE R Nil
NUMBER OF OPTIONS ACCEPTED 920 861
TOTAL RAND VALUE OF OPTIONS R7 099 838.31
ACCEPTED Based on the share price at closing on the
date of acceptance of the options of R7.71
VESTING DATES OF OPTIONS The options are subject to performance
conditions and will vest in 4 tranches of 25%
each, on the following dates:
31 March 2025
31 March 2026
31 March 2027
31 March 2028
PERIOD OF EXERCISE Participants have a 6-month period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR M Lategan
COMPANY OF WHICH A DIRECTOR Curro Holdings Limited
STATUS: EXECUTIVE / NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Acceptance of award of options to acquire
ordinary shares in terms of the Scheme (off-
market transaction)
DATE OF AWARD OF OPTIONS 16 March 2023
DATE OF ACCEPTANCE OF OPTIONS 24 March 2023
OPTION STRIKE PRICE R Nil
NUMBER OF OPTIONS ACCEPTED 736 689
TOTAL RAND VALUE OF OPTIONS R5 679 872.19
ACCEPTED Based on the share price at closing on the
date of acceptance of the options of R7.71
VESTING DATES OF OPTIONS The options are subject to performance
conditions and will vest in 4 tranches of 25%
each, on the following dates:
31 March 2025
31 March 2026
31 March 2027
31 March 2028
PERIOD OF EXERCISE Participants have a 6-month period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR BC September
COMPANY OF WHICH A DIRECTOR Curro Holdings Limited
STATUS: EXECUTIVE / NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Acceptance of award of options to acquire
ordinary shares in terms of the Scheme (off-
market transaction)
DATE OF AWARD OF OPTIONS 16 March 2023
DATE OF ACCEPTANCE OF OPTIONS 24 March 2023
OPTION STRIKE PRICE R Nil
NUMBER OF OPTIONS ACCEPTED 414 387
TOTAL RAND VALUE OF OPTIONS R3 194 923.77
ACCEPTED Based on the share price at closing on the
date of acceptance of the options of R7.71
VESTING DATES OF OPTIONS The options are subject to performance
conditions and will vest in 4 tranches of 25%
each, on the following dates:
31 March 2025
31 March 2026
31 March 2027
31 March 2028
PERIOD OF EXERCISE Participants have a 6-month period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Durbanville
27 March 2023
Sponsor
PSG Capital
Date: 27-03-2023 08:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.