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
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:                            15 June 2016               17 June 2016
Number of securities:                           50 622                     65 407
Volume weighted average price per security:     R2.25                      R2.25
Lowest selling price:                           R2.25                      R2.25
Highest selling price                           R2.25                      R2.25
Value of transaction:                           R113 899.50                R147 165.75
Clearance to deal obtained:                     Yes                        Yes
Exercise Price:                                 43 cents                   43 cents



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:                            15 June 2016               17 June 2016
Number of securities:                           17 922                     23 156
Volume weighted average price per security:     R2.25                      R2.25
Lowest selling price:                           R2.25                      R2.25
Highest selling price                           R2.25                      R2.25
Value of transaction:                           R40 324.50                 R52 101.00
Clearance to deal obtained:                     Yes                        Yes
Exercise Price:                                 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:                            15 June 2016               17 June 2016
Number of securities:                           14 338                     18 525
Volume weighted average price per security:     R2.25                      R2.25
Lowest selling price:                           R2.25                      R2.25
Highest selling price                           R2.25                      R2.25
Value of transaction:                           R32 260.50                 R41 681.25
Clearance to deal obtained:                     Yes                        Yes
Exercise Price:                                 43 cents                   43 cents


Johannesburg
20 June 2016

Sponsor
Merchantec Capital

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