BID CORPORATION LIMITED - Granting of conditional share awards in terms of the 2016 BidCorp Conditional Share Plan

Granting of conditional share awards in terms of the 2016 BidCorp Conditional Share Plan

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share code: BID ISIN ZAE 000216537
(“Bidcorp” or “the Company”)


GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2016 BIDCORP
CONDITIONAL SHARE PLAN (“CSP”)

Executive Directors have been awarded Conditional Share Awards in terms of the 2016 Bidcorp
Conditional Share Plan, approved by shareholders at the general meeting in April 2016.
Conditional Share Awards are subject to performance conditions for the period starting July 1
2016 and ending June 30 2019. Subject to performance, vesting will occur in September 2019
and September 2020. The remuneration Committee has given approval for the following
individual allocations.

Conditional share awards are as follows:
Executive Directors:
B Joffe               72 500 conditional share awards
B L Berson            90 000 conditional share awards
D E Cleasby           26 000 conditional share awards


CSP REPLACEMENT RIGHTS

As a result of the unbundling of Bid Corporation Limited, approved by the Bidvest shareholders
on May 16 2016, the 2015 Conditional Shares awarded to certain Bidvest executive directors’ in
November 2015 were to be exchanged for CSP Replacement Rights over that participant’s
employer company shares. CSP Replacement Rights are subject to revised performance
conditions for the period starting July 1 2016 and ending June 30 2019. Subject to performance,
vesting will occur in September 2019 and September 2020. The remuneration committee has
given approval for the following individual allocations:

CSP Replacement Rights awarded as follows:
Executive Director:
B Joffe             90 000 CSP Replacement Rights
B L Berson          45 000 CSP Replacement Rights
D E Cleasby         24 500 CSP Replacement Rights


SHARE APPRECIATION RIGHTS (SAR)

The Company Secretary has accepted an allocation of SAR’s in terms of the 2016 Bidcorp SAR
scheme.
Name of company secretary                     AK Biggs
Date of transaction                           November 30 2016
Number of SAR’s                               15 000
Price per share                               R 237.00
Value of transaction                          R 3 555 000.00
Nature of interest                            Direct beneficial


The above transactions were all performed off market and the necessary approvals were
obtained.

December 1 2016
Johannesburg

Sponsor: The Standard Bank of South Africa Limited

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