FRONTIER TRANSPORT HOLDINGS LIMITED - Acceptance of Options by Directors in terms of the Frontier Group Employee Option Scheme

Acceptance of Options by Directors in terms of the Frontier Group Employee Option Scheme

FRONTIER TRANSPORT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: FTH
ISIN: ZAE000300505
(“Frontier” or the “Company”)


ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE FRONTIER GROUP
EMPLOYEE OPTION SCHEME (“SCHEME”)


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of options is disclosed:

 NAME OF DIRECTOR                                FE Meyer                          (1)
                                                 ML Wilkin                         (2)

 COMPANY OF WHICH A DIRECTOR                     Frontier Transport Holdings       (1) – (2)
                                                 Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive                         (1) – (2)

 TYPE AND CLASS OF SECURITIES                    Options to acquire                (1) – (2)
                                                 ordinary shares

 NATURE OF TRANSACTION                           Acceptance of award of            (1) – (2)
                                                 options to acquire ordinary
                                                 shares in terms of the Scheme
                                                 (off-market transaction)

 DATE OF AWARD OF OPTIONS                        25 November 2022                  (1) – (2)

 DATE OF ACCEPTANCE OF OPTIONS                   6 December 2022                   (1) – (2)

 OPTION STRIKE PRICE                             440 cents                         (1) – (2)
                                                 (10% discount to Frontier’s 20-day volume
                                                 weighted average traded price prior to 25
                                                 November 2022)
 NUMBER OF OPTIONS ACCEPTED                      3 352 445                               (1)
                                                 2 100 798                               (2)

 TOTAL RAND VALUE OF OPTIONS                     R14 750 758                             (1)
                                                 R9 243 511                              (2)

 VESTING DATES OF OPTIONS                        Vesting in tranches of 33.33%     (1) – (2)
                                                 each on the 3rd, 4th and 5th
                                                 anniversary of the option award
                                                 date.

 PERIOD OF EXERCISE                              The director has a period of      (1) – (2)
                                                 six months from the vesting
                                                 date during which options can
                                                 be exercised.
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial                (1) – (2)
 THE TRANSACTION

Clearance to accept the above share option awards was obtained in terms of paragraph 3.66
of the JSE Limited Listings Requirements.

Cape Town
06 December 2022

Sponsor
Investec Bank Limited

Date: 06-12-2022 02:36:00
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