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CA SALES HOLDINGS LIMITED - Exercise Of Options By Directors And Directors Of A Major Subsidiary Of The Company

Release Date: 29/09/2022 08:55
Code(s): CAA     PDF:  
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Exercise Of Options By Directors And Directors Of A Major Subsidiary Of The Company

CA SALES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2011/143100/06
Registered as an external company in the Republic of Botswana
Botswana registration number: BW00001085331
JSE Limited (“JSE”) share code: CAA
Botswana Stock Exchange (“BSE”) share code: CAS-EQO
ISIN: ZAE400000036
(“CA&S” or the “Company”)

EXERCISE OF OPTIONS BY DIRECTORS AND DIRECTORS OF A MAJOR SUBSIDIARY
OF THE COMPANY IN TERMS OF THE CA SALES HOLDINGS SHARE INCENTIVE
TRUST

In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements and paragraphs
5.23 and 5.24 of the BSE Listings Requirements, respectively, the following information
regarding the exercise of options is disclosed:

1.
NAME OF DIRECTOR                               Duncan Lewis

COMPANY OF WHICH A DIRECTOR                    CA Sales Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

TYPE AND CLASS OF SECURITIES                   Options to acquire ordinary shares

NATURE OF TRANSACTIONS                         Exercise of options by the director at the
                                               last traded share price of R5.55 on
                                               28 September 2022, and related after-tax
                                               net-equity settlement
                                               (Off-market transactions)

VESTING DATES                                  13 April 2022                (1)
                                               14 March 2022                (2)
                                               12 March 2022                (3)

STRIKE PRICES (RAND)*                          R4.54                        (1)
                                               R5.11                        (2)
                                               R5.12                        (3)

EXERCISE DATE                                  28 September 2022

NUMBER OF OPTIONS EXERCISED                    342 900                      (1)
                                               15 930                       (2)
                                               431 775                      (3)

NUMBER OF SHARES TO BE RECEIVED                34 320                       (1)
                                               694                          (2)
                                               18 399                       (3)

PERIOD OF EXERCISE                             Participants have a 180-day period from
                                               the vesting date during which options can
                                               be exercised. Participants were granted
                                               an extension, in terms of the CA Sales
                                               Holdings Share Incentive Trust rules, to
                                               30 September 2022 to exercise their
                                               options.

NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
THE TRANSACTIONS

2.
 NAME OF DIRECTOR                  Frans Reichert

COMPANY OF WHICH A DIRECTOR        CA Sales Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

TYPE AND CLASS OF SECURITIES       Options to acquire ordinary shares

NATURE OF TRANSACTIONS             Exercise of options by the director at the
                                   last traded share price of R5.55 on
                                   28 September 2022, and related after-tax
                                   net-equity settlement
                                   (Off-market transactions)

VESTING DATES                      13 April 2022                (1)
                                   14 March 2022                (2)
                                   12 March 2022                (3)

STRIKE PRICES (RAND)*              R4.54                        (1)
                                   R5.11                        (2)
                                   R5.12                        (3)

EXERCISE DATE                      28 September 2022

NUMBER OF OPTIONS EXERCISED        87 500                       (1)
                                   119 439                      (2)
                                   132 800                      (3)

NUMBER OF SHARES TO BE RECEIVED    8 757                        (1)
                                   5 207                        (2)
                                   5 658                        (3)

PERIOD OF EXERCISE                 Participants have a 180-day period from
                                   the vesting date during which options can
                                   be exercised. Participants were granted
                                   an extension, in terms of the CA Sales
                                   Holdings Share Incentive Trust rules, to
                                   30 September 2022 to exercise their
                                   options.

NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTIONS


3.
NAME OF DIRECTOR                   Claude' Hassett

COMPANY OF WHICH A DIRECTOR        CA Sales and Distribution (Pty) Ltd
                                   (a major subsidiary of the Company)

STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

TYPE AND CLASS OF SECURITIES       Options to acquire ordinary shares

NATURE OF TRANSACTIONS             Exercise of options by the director at the
                                   last traded share price of R5.55 on
                                   28 September 2022, through a
                                   combination of cash (2) and related after-
                                   tax net-equity settlement (1, 3)
                                   (Off-market transactions)

EXERCISE DATE                      28 September 2022

VESTING DATES                      13 April 2022                (1)
                                   14 March 2022                (2)
                                   12 March 2022                (3)

STRIKE PRICES (RAND)*              R4.54                        (1)
                                   R5.11                        (2)
                                   R5.12                        (3)

NUMBER OF OPTIONS EXERCISED        520 900                      (1)
                                   51 655                       (2)
                                   157 700                      (3)

NUMBER OF SHARES TO BE RECEIVED    71 095                       (1)
                                   51 655                       (2)
                                   9 163                        (3)

PERIOD OF EXERCISE                 Participants have a 180-day period from
                                   the vesting date during which options can
                                   be exercised. Participants were granted
                                   an extension, in terms of the CA Sales
                                   Holdings Share Incentive Trust rules, to
                                   30 September 2022 to exercise their
                                   options.


NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTIONS

4.
NAME OF DIRECTOR                                    Kaushik Shah

COMPANY OF WHICH A DIRECTOR                         CA Sales and Distribution (Pty) Ltd
                                                    (a major subsidiary of the Company)

STATUS: EXECUTIVE/NON-EXECUTIVE                     Executive

TYPE AND CLASS OF SECURITIES                        Options to acquire ordinary shares

NATURE OF TRANSACTIONS                              Exercise of options by the director at the
                                                    last traded share price of R5.55 on
                                                    28    September       2022,    through   a
                                                    combination of cash (2) and related after-
                                                    tax net-equity settlement (1, 3)
                                                    (Off-market transactions)

EXERCISE DATE                                       28 September 2022

VESTING DATES                                       13 April 2022                  (1)
                                                    14 March 2022                  (2)
                                                    12 March 2022                  (3)

STRIKE PRICES (RAND)*                               R4.54                          (1)
                                                    R5.11                          (2)
                                                    R5.12                          (3)

NUMBER OF OPTIONS EXERCISED                         230 400                        (1)
                                                    22 853                         (2)
                                                    69 750                         (3)

NUMBER OF SHARES TO BE RECEIVED                     31 446                         (1)
                                                    22 853                         (2)
                                                    4 053                          (3)

PERIOD OF EXERCISE                                  Participants have a 180-day period from
                                                    the vesting date during which options can
                                                    be exercised. Participants were granted
                                                    an extension, in terms of the CA Sales
                                                    Holdings Share Incentive Trust rules, to
                                                    30 September 2022 to exercise their
                                                    options.

NATURE AND EXTENT OF INTEREST IN                    Direct, beneficial
THE TRANSACTIONS

*     At the grant date, the strike prices were reflected in Botswana Pula. The strike prices are
      reflected here in South African Rand, based on the exchange rate at each grant date.

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings
Requirements.

Centurion
29 September 2022

JSE Sponsor
PSG Capital

BSE Sponsoring Broker
Imara Capital Securities

Date: 29-09-2022 08:55:00
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