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Grant and acceptance of shares (allocation 4) under long Term Incentive Scheme 2010 (“LTIS 2010”)
JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
ISIN: ZAE000079711
Share Code: JSE
("JSE" or “the Company”)
GRANT AND ACCEPTANCE OF SHARES (ALLOCATION 4) UNDER LONG TERM
INCENTIVE SCHEME 2010 (“LTIS 2010”)
Members of the JSE’s executive committee, which includes the
executive directors and Company Secretary, have been granted
restricted ordinary shares in the Company as set out in this
announcement, in accordance with the terms of LTIS 2010.
a) Allocation 4 Personal performance shares, vesting of which is
subject to:
(i) the personal work performance of an executive committee
member as assessed over the vesting term; and
(ii) an executive committee member remaining in the employ of
the JSE for the vesting term.
Executive Number of Value of Holding
Committee JSE JSE
member ordinary ordinary
shares shares
NEWTON-KING 13 400 R 1 030 728 Direct beneficial
TAKOORDEEN 7 300 R 561 516 Direct beneficial
BURKE 8 700 R 669 204 Direct beneficial
CLARKE 6 500 R 499 980 Direct beneficial
CLEARY 5 700 R 438 444 Direct beneficial
DAVIES 7 300 R 561 516 Direct beneficial
FORSSMAN 6 000 R 461 520 Direct beneficial
FOURIE 7 800 R 599 976 Direct beneficial
JACOBS 7 400 R 569 208 Direct beneficial
PARSONS 9 400 R 723 048 Direct beneficial
SMALE 7 800 R 599 976 Direct beneficial
STURGESS 5 700 R 438 444 Direct beneficial
VAN WAMELEN 7 800 R 599 976 Direct beneficial
b) Allocation 4 Corporate performance shares, vesting of which
is subject to:
(i) the JSE meeting specified corporate performance targets
over the vesting term; and
(ii) an executive committee member remaining in the employ of
the JSE for the vesting term.
Executive Number of Value of Holding
Committee JSE JSE
member ordinary ordinary
shares shares
NEWTON-KING 28 800 R 2 215 296 Direct beneficial
TAKOORDEEN 8 400 R 646 128 Direct beneficial
BURKE 9 900 R 761 508 Direct beneficial
CLARKE 7 500 R 576 900 Direct beneficial
CLEARY 6 500 R 499 980 Direct beneficial
DAVIES 8 400 R 646 128 Direct beneficial
FORSSMAN 6 800 R 523 056 Direct beneficial
FOURIE 8 900 R 684 588 Direct beneficial
JACOBS 8 400 R 646 128 Direct beneficial
PARSONS 10 700 R 823 044 Direct beneficial
SMALE 8 900 R 684 588 Direct beneficial
STURGESS 6 500 R 499 980 Direct beneficial
VAN WAMELEN 8 900 R 684 588 Direct beneficial
One-half of the personal performance and corporate performance
shares will vest on 1 June 2016 and the remaining half on 1 June
2017, subject to the applicable vesting conditions being achieved.
All share awards are subject to the LTIS 2010 Rules, as approved
by shareholders at the annual general meeting held on 22 April
2010.
Approval for the above on-market individual allocations and
clearance to transact has been granted by the Chairman of the
Board.
All individual share allocations as indicated above have been
accepted by the members of the executive committee on 16 May 2013,
conditional on the acquisition of all the shares in the market by
17 May 2013.
ACQUISITION OF SHARES BY JSE LTIS 2010 TRUST (the “Trust”)
The Trust has acquired a total of 457 100 JSE ordinary shares in
the open market during the period 29 April 2013 – 17 May 2013 in
order to fulfil the Allocation 4 share awards granted to members
of the executive committee and other senior members of JSE staff.
Shareholders have granted the following permissions in respect of
the acquisition of JSE ordinary shares:
(i) Acquisition of JSE ordinary shares in the open market granted
in terms of special resolution #1 as approved by the
requisite majority of shareholders at the Company’s AGM on
22 April 2010; and
(ii) Provision of financial assistance to the Trust in order to
acquire the shares granted in terms of special resolution #1
as approved by the requisite majority of shareholders at an
Extraordinary Meeting on 22 June 2012.
These ordinary shares are held in trust and are restricted until
all vesting conditions are fulfilled whereupon the shares vest.
Should the vesting conditions not be fulfilled the share awards
are forfeited.
These JSE ordinary shares were acquired at a volume-weighted
average price of R76.92 per ordinary share which is the deemed
price attributable to the transactions above. The high for the
period was 8001 and the low for the period was 7320.
Sandton
20 May 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/05/2013 10:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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