TASTE HOLDINGS LIMITED - Exercise of Options and Sale of Shares by Directors and a Director of a Major Subsidiary

Exercise of Options and Sale of Shares by Directors and a Director of a Major Subsidiary

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste”)


EXERCISE OF OPTIONS AND SALE OF SHARES BY DIRECTORS AND A DIRECTOR OF A MAJOR SUBSIDIARY
                                   


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:


Name of director:                              Mr Carlo Gonzaga
Company:                                       Taste Holdings Limited
Nature of the transaction:                     On market sale of ordinary shares following the off market
                                               exercise of share options
Class of securities:                           Ordinary shares
Extent of director’s interest:                 Direct beneficial
Clearance to deal obtained:                    Yes
Date of transaction:                           8 June 2016
Option strike price:                           43 cents
Number of securities:                          54 330
Price per security:                            R2.25
Total value of transaction:                    R122 242.50



Name of director:                              Mr Evan Tsatsarolakis
Company:                                       Taste Holdings Limited
Class of securities:                           Ordinary Shares
Nature of transaction:                         On market sale of ordinary shares following the off market
                                                exercise of share options
Extent of director’s interest:                 Direct beneficial
Date of transaction:                           6 June 2016         7 June 2016      8 June 2016
Number of securities:                          21 278              51 416           5 596
Volume weighted average price per security     R2.39               R2.29            R2.25
Lowest selling price                           R2.37               R2.25            R2.25
Highest selling price                          R2.42               R2.37            R2.25
Value of transaction:                          R50 854.42          R117 742.64      R12 591
Clearance to deal obtained:                    Yes                 Yes              Yes
Exercise Price                                 43 cents            43 cents         43 cents
 


Name of director:                              Mr Arvid Smedsrud
Company:                                       Buon Gusto Cuisine Proprietary Limited, a major subsidiary
                                               of Taste
Class of securities:                           Ordinary Shares
Nature of transaction:                         On market sale of ordinary shares following the off market
                                               exercise of share options
Extent of director’s interest:                 Direct beneficial
Date of transaction:                           6 June 2016         7 June 2016      8 June 2016
Number of securities:                          17 023              41 133          4 476
Volume weighted average price per security     R2.39               R2.29           R2.25
Lowest selling price                           R2.37               R2.25           R2.25
Highest selling price                          R2.42               R2.37           R2.25
Value of transaction:                          R40 684.97          R94 194.57      R10 071.00
Clearance to deal obtained:                    Yes                 Yes             Yes
Exercise Price                                 43 cents            43 cents        43 cents



Johannesburg
10 June 2016

Sponsor
Merchantec Capital

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