Wrap Text
Dealing in Securities
Crookes Brothers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
("Crookes Brothers" or the "Company" or the "Group")
DEALING IN SECURITIES
In accordance with the Crookes Brothers Limited Deferred Bonus Scheme 2020 ("DBS") and on recommendation of the
Company's Remuneration Committee, the Group is entitled to award bonuses to eligible employees within the Group
("Participants"), a portion of which may be deferred by way of an award of a number of ordinary shares in the Company
("Deferred Bonus Shares").
The Deferred Bonus Shares will be restricted and are forfeited in certain cases on termination of employment and to the
extent that any applicable performance conditions are not met. The Deferred Bonus Shares issued or acquired in the
market for the benefit of the Participants are held in escrow with an escrow agent until the vesting date. Notwithstanding
this, Participants enjoy all shareholder rights, including dividend and voting rights from the date of the award.
The Company hereby discloses the following information relating to awards of Deferred Bonus Shares granted to the
current directors and prescribed officers of the Company and directors of major subsidiaries to date:
Nature of transactions: Acceptance of awards of Deferred Bonus Shares
(off-market)
Class of securities: Ordinary shares in the Company
Nature of interest: Until vesting, the Deferred Bonus Shares are held in an indirect
beneficial capacity. On vesting (and subject to the Participants
retaining the Deferred Bonus Shares), the Deferred Bonus Shares
will be held in the direct beneficial capacity.
Clearance obtained in terms of paragraph Yes
3.66 of the JSE Listings Requirements:
Name: Kennet A Sinclair
Designation: Chief Executive Officer of Crookes Brothers
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 1) Deferred Bonus security transaction
Shares (note 4)
19 October 2020 11 August 2021 19 October 20 000 (note 2) R43.60 R872 000
2023, 2024,
2025
15 July 2021 11 August 2021 15 July 2024, 23 802 (note 3) R44.20 R1 052 048
2025, 2026
17 August 2022 31 August 2022 17 August 2025, 20 000 R40.34 R806 800
2026, 2027
21 June 2023 1 July 2023 21 June 2026, 20 000 R31.88 R637 600
2027, 2028
26 June 2024 1 July 2024 26 June 2027, 21 904 R28.98 R634 778
2028, 2029
Notes:
1. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
2. 6 666 and 6 666 Deferred Bonus Shares vested on 19 October 2023 and 2024, respectively. A total of 6 000 vested Deferred
Bonus Shares were sold, as detailed in the announcements published on 18 February 2025 and 3 March 2025.
3. 7 934 Deferred Bonus Shares vested on 15 July 2024.
4. The price reflects the market price on the date of the awards.
Name: Nigel Naidoo
Designation: Chief Financial Officer of Crookes Brothers
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 1) Deferred Bonus security transaction
Shares (note 4)
19 October 2020 11 August 2021 19 October 5 883 (note 2) R43.60 R256 499
2023, 2024,
2025
15 July 2021 11 August 2021 15 July 2024, 4 254 (note 3) R44.20 R185 474
2025, 2026
26 June 2024 1 July 2024 26 June 2027, 10 976 R28.98 R478 554
2028, 2029
Notes:
1. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
2. 1 961 and 1 961 Deferred Bonus Shares vested on 19 October 2023 and 2024, respectively.
3. 1 418 Deferred Bonus Shares vested on 15 July 2024.
4. The price reflects the market price on the date of the awards.
Name: Rory F Niven
Designation: Chief Operations Officer and Prescribed Officer of Crookes Brothers
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 1) Deferred Bonus security transaction
Shares (note 4)
19 October 2020 11 August 2021 19 October 4 903 (note 2) R43.60 R213 771
2023, 2024,
2025
15 July 2021 11 August 2021 15 July 2024, 7 191 (note 3) R44.20 R313 528
2025, 2026
26 June 2024 1 July 2024 26 June 2027, 9 848 R28.98 R429 373
2028, 2029
Notes:
1. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
2. 1 634 and 1 634 Deferred Bonus Shares vested on 19 October 2023 and 2024, respectively.
3. 2 397 Deferred Bonus Shares vested on 15 July 2024.
4. The price reflects the market price on the date of the awards.
Name: Lisa A Pretorius
Designation: Prescribed Officer of Crookes Brothers
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 1) Deferred Bonus security transaction
Shares (note 4)
19 October 2020 11 August 2021 19 October 686 (note 2) R43.60 R29 910
2023, 2024,
2025
15 July 2021 11 August 2021 15 July 2024, 2 735 (note 3) R44.20 R119 246
2025, 2026
26 June 2024 1 July 2024 26 June 2027, 4 342 R28.98 R189 311
2028, 2029
Notes:
1. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
2. 228 and 228 Deferred Bonus Shares vested on 19 October 2023 and 2024, respectively.
3. 911 Deferred Bonus Shares vested on 15 July 2024.
4. The price reflects the market price on the date of the awards.
Name: Erlendur Erlendsson
Designation: Director of Crookes Plantations Ltd ("Eswatini"), a major subsidiary
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 2) Deferred Bonus security transaction
Shares (note 4)
19 October 2020 11 August 2021 19 October 784 (note 3) R43.60 R34 182
(note 1) 2023, 2024,
2025
15 July 2021 11 August 2021 15 July 2024, 2 735 (note 4) R44.20 R119 246
(note 1) 2025, 2026
26 June 2024 1 July 2024 26 June 2027, 3 722 R28.98 R162 279
2028, 2029
Notes:
1. E Erlendsson was not a director of a major subsidiary at this date.
2. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
3. 261 and 261 Deferred Bonus Shares vested on 19 October 2023 and 2024, respectively.
4. 911 Deferred Bonus Shares vested on 15 July 2024.
5. The price reflects the market price on the date of the awards.
Name: Sarel Badenhorst
Designation: Director of Mawecro Farming (Pty) Ltd, a major subsidiary
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 2) Deferred Bonus security transaction
Shares (note 5)
19 October 2020 11 August 2021 19 October 5 687 (note 3) R43.60 R247 953
(note 1) 2023, 2024,
2025
15 July 2021 11 August 2021 15 July 2024, 5 469 (note 4) R44.20 R238 448
(note 1) 2025, 2026
26 June 2024 1 July 2024 26 June 2027, 3 576 R28.98 R155 914
2028, 2029
Notes:
1. S Badenhorst was not a director of a major subsidiary at this date.
2. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
3. 1 895 and 1 895 Deferred Bonus Shares vested on 19 October 2023 and 2024, respectively. 881 vested Deferred Bonus Shares
were sold on-market on 22 October 2023 at R34.61 per share, for a total value of R30 491.41. The necessary clearance was
obtained for the sale.
4. 1 823 Deferred Bonus Shares vested on 15 July 2024. 847 vested Deferred Bonus Shares were sold on-market on 16 July 2024
at R33.35 per share, for a total value of R28 247.45. The necessary clearance was obtained for the sale.
5. The price reflects the market price on the date of the awards.
Name: Christiaan Viljoen
Designation: Director of Murrimo Macadamias Lda, a major subsidiary
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 1) Deferred Bonus security transaction
Shares (note 4)
19 October 2020 11 August 2021 19 October 1 177 (note 2) R43.60 R51 317
2023, 2024,
2025
15 July 2021 11 August 2021 15 July 2024, 4 254 (note 3) R44.20 R185 474
2025, 2026
26 June 2024 1 July 2024 26 June 2027, 5 901 R28.98 R257 284
2028, 2029
Notes:
1. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
2. 392 and 392 Deferred Bonus Shares vested on 19 October 2023 and 2024, respectively.
3. 1 418 Deferred Bonus Shares vested on 15 July 2024.
4. The price reflects the market price on the date of the awards.
Name: Barto Van Der Merwe
Designation: Director of Renishaw Property Developments (Pty) Ltd, a major subsidiary
Award date Award Vesting dates Number of Price per Value of the
acceptance date (note 1) Deferred Bonus security transaction
Shares (note 2)
26 June 2024 1 July 2024 26 June 2027, 6 004 R28.98 R261 774
2028, 2029
Notes:
1. The Deferred Bonus Shares vest over five years, contingent upon continued employment and any applicable performance
conditions being met (one-third after three years, another third after four years, and the final third after five years).
2. The price reflects the market price on the date of the awards.
Durban
2 July 2025
JSE Sponsor to Crookes Brothers
Questco Corporate Advisory (Pty) Ltd
Date: 02-07-2025 10:00:00
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