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Vesting of awards under KAL Group’s long-term incentive plan
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL Group" or the "Company")
VESTING OF AWARDS UNDER KAL GROUP'S LONG-TERM INCENTIVE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting and automatic exercise of awards in terms of the
KAL Group Long-term Incentive Plan ("LTIP"), is disclosed:
1.
NAME OF DIRECTOR S Walsh
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Nil-cost options ("NCOs") in relation to
ordinary shares
NATURE OF TRANSACTION Vesting and automatic exercise of NCOs,
resulting in the subsequent delivery of
ordinary shares to a participant under the
LTIP (off-market transaction)
TRANSACTION DATE 29 September 2024
(VESTING & EXERCISE)
NUMBER OF NCOs VESTED 75 396
TOTAL VALUE OF NCOs VESTED R3 776 605.54, based on a deemed value
of R50.09 per NCO
NUMBER OF ORDINARY SHARES 41 467
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR GW Sim
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting and automatic exercise of NCOs,
resulting in the subsequent delivery of
ordinary shares to a participant under the
LTIP (off-market transaction)
TRANSACTION DATE 29 September 2024
(VESTING & EXERCISE)
NUMBER OF NCOs VESTED 35 944
TOTAL VALUE OF NCOs VESTED R1 800 444.45, based on a deemed value
of R50.09 per NCO
NUMBER OF ORDINARY SHARES 19 769
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR DC Gempies
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting and automatic exercise of NCOs,
resulting in the subsequent delivery of
ordinary shares to a participant under the
LTIP (off-market transaction)
TRANSACTION DATE 29 September 2024
(VESTING & EXERCISE)
NUMBER OF NCOs VESTED 21 490
TOTAL VALUE OF NCOs VESTED R1 076 439.77, based on a deemed value
of R50.09 per NCO
NUMBER OF ORDINARY SHARES 11 819
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF DIRECTOR H Smit
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting and automatic exercise of NCOs,
resulting in the subsequent delivery of
ordinary shares to a participant under the
LTIP (off-market transaction)
TRANSACTION DATE 29 September 2024
(VESTING & EXERCISE)
NUMBER OF NCOs VESTED 21 302
TOTAL VALUE OF NCOs VESTED R1 067 022.80, based on a deemed value
of R50.09 per NCO
NUMBER OF ORDINARY SHARES 11 716
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
5.
NAME OF DIRECTOR T Sulaiman-Bray
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting and automatic exercise of NCOs,
resulting in the subsequent delivery of
ordinary shares to a participant under the
LTIP (off-market transaction)
TRANSACTION DATE 29 September 2024
(VESTING & EXERCISE)
NUMBER OF NCOs VESTED 17 543
TOTAL VALUE OF NCOs VESTED R878 733.50, based on a deemed value
of R50.09 per NCO
NUMBER OF ORDINARY SHARES 9 648
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
6.
NAME OF DIRECTOR AC Abeln
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting and automatic exercise of NCOs,
resulting in the subsequent delivery of
ordinary shares to a participant under the
LTIP (off-market transaction)
TRANSACTION DATE 29 September 2024
(VESTING & EXERCISE)
NUMBER OF NCOs VESTED 15 912
TOTAL VALUE OF NCOs VESTED R797 036.28, based on a deemed value
of R50.09 per NCO
NUMBER OF ORDINARY SHARES 8 751
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
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.
Paarl
30 September 2024
Sponsor
PSG Capital
Date: 30-09-2024 09:00:00
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