QUANTUM FOODS HOLDINGS LIMITED - Acceptance of Allocated Phantom Share Rights in terms of the Quantum Foods Phantom Share Plan

Acceptance of Allocated Phantom Share Rights in terms of the Quantum Foods Phantom Share Plan

QUANTUM FOODS HOLDINGS LIMITED
(previously Business Venture Investments No 1792 Proprietary
Limited)
Incorporated in the Republic of South Africa
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Number: ZAE000193686
("Quantum Foods" or “the Company”)

ACCEPTANCE OF ALLOCATED PHANTOM SHARE RIGHTS IN TERMS OF THE
QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN

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

1.
NAME OF DIRECTOR                      Andre Hugo Muller
COMPANY OF WHICH I AM A DIRECTOR      Quantum Foods Holdings
                                      Limited
STATUS: EXECUTIVE/NON-                Executive
EXECUTIVE
TYPE OF SECURITIES                    Equity Settled Phantom
                                      Share Rights
CLASS OF SECURITIES                   Ordinary Shares
DATE OF PHANTOM SHARE RIGHT
GRANT                                 27 February 2015
DATE OF PHANTOM SHARE RIGHT
ACCEPTANCE                            27 March 2015
PHANTOM SHARE RIGHT STRIKE PRICE
(CENTS)                               314.8
NUMBER OF PHANTOM SHARE RIGHTS
ALLOCATED                             477 854
VESTING DATES OF PHANTOM SHARE
RIGHTS                                27 February 2018;
                                      27 February 2019; and
                                      27 February 2020
PERIOD OF EXERCISE                    Participants have until
                                      midnight on the 6 month
                                      anniversary of the relevant
                                      vesting date during which
                                      the Phantom Share Rights
                                      can be exercised
NATURE OF TRANSACTION                 Acceptance of Phantom Share
                                      Rights in terms of the
                                      Quantum Foods Holdings
                                      Limited Equity Settled
                                      Phantom Share Plan (off-
                                      market)
NATURE AND EXTENT OF INTEREST
IN THE TRANSACTION                    Direct, Beneficial

2.
NAME OF DIRECTOR                      Hendrik Albertus Lourens
COMPANY OF WHICH I AM A DIRECTOR      Quantum Foods Holdings
                                      Limited
STATUS: EXECUTIVE/NON-                Executive
EXECUTIVE
TYPE OF SECURITIES                    Equity Settled Phantom
                                      Share Rights
CLASS OF SECURITIES                   Ordinary Shares
DATE OF PHANTOM SHARE RIGHT
GRANT                                 27 February 2015
DATE OF PHANTOM SHARE RIGHT
ACCEPTANCE                            27 March 2015
PHANTOM SHARE RIGHT STRIKE PRICE
(CENTS)                               314.8
NUMBER OF PHANTOM SHARE RIGHTS
ALLOCATED                             774 376
VESTING DATES OF PHANTOM SHARE
RIGHTS                                27 February 2018;
                                      27 February 2019; and
                                      27 February 2020
PERIOD OF EXERCISE                    Participants have until
                                      midnight on the 6 month
                                      anniversary of the relevant
                                      vesting date during which
                                      the Phantom Share Rights
                                      can be exercised
NATURE OF TRANSACTION                 Acceptance of Phantom Share
                                      Rights in terms of the
                                      Quantum Foods Holdings
                                      Limited Equity Settled
                                      Phantom Share Plan (off-
                                      market)
NATURE AND EXTENT OF INTEREST
IN THE TRANSACTION                    Direct, Beneficial

Notes:
i)    Clearance to deal in these Phantom Share Rights was
      obtained in accordance with paragraph 3.66 of the Listings
      Requirements of the JSE Limited.
ii)   50% of the Phantom Share Rights will vest in 3 tranches of
      33.33% each on the vesting dates specified above.
iii)  50% of the Phantom Share Rights will vest in 3 tranches of
      33.33% on the vesting dates specified above, subject to a
      formula based on the compound growth of the Company’s
      headline earnings per share from the financial year prior
      to the date of grant of the Phantom Share Rights, as may be
      adjusted in terms of the rules, to the financial year prior
      to the date of exercise.
iv)   The total number and monetary value of the Company’s shares
      that will be issued to the directors pursuant to the
      exercise of the Phantom Share Rights will be determined
      according to a formula based on the growth in the share
      price of the Company from the date of grant, based on the
      strike price, of the Phantom Share Rights to the date of
      exercise. Accordingly, the total number of shares and
      monetary value thereof will only be determined at a future
      date.
v)    An additional SENS announcement will be made upon the
      exercise of the Phantom Share Rights by each director
      disclosing the exact number of shares issued and the
      monetary value thereof in accordance with the JSE Listings
      Requirements.

30 March 2015
Wellington

Sponsor
PSG Capital (Pty) Ltd

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