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CSG HOLDINGS LIMITED - Issue of Forfeitable Awards to Directors in terms of the CSG Holdings Forfeitable Share Plan

Release Date: 26/03/2021 12:00
Code(s): CSG     PDF:  
Wrap Text
Issue of Forfeitable Awards to Directors in terms of the CSG Holdings Forfeitable Share Plan

CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/011359/06)
Share code: CSG
ISIN: ZAE000184438
(“CSG Holdings”)

ISSUE OF FORFEITABLE AWARDS TO DIRECTORS IN TERMS OF THE CSG HOLDINGS
FORFEITABLE SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the issue of conditional forfeitable awards of CSG Holdings
shares is disclosed:

 1.
 
 NAME OF DIRECTOR                                Kobus Nieuwoudt

 COMPANY OF WHICH A DIRECTOR                     CSG Holdings Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Off-market issue of conditional awards in
                                                 terms of the CSG Holdings Forfeitable
                                                 Share Plan

 AWARD DATE                                      24 March 2021

 DEEMED AWARD PRICE PER SECURITY                 R0.29

 NUMBER OF AWARDS GRANTED                        1 000 000

 TOTAL DEEMED RAND VALUE OF                      R290 000.00
 AWARDS

 VESTING DATE OF AWARDS                          Vesting in tranches of 33.33% each on the
                                                 3rd, 4th and 5th anniversary of the award
                                                 date, subject to meeting, inter alia,
                                                 financial and non-financial performance
                                                 conditions

 NATURE AND EXTENT OF INTEREST IN THE            Direct, beneficial
 TRANSACTION

 2.
 
 NAME OF DIRECTOR                               William Scott

 COMPANY OF WHICH A DIRECTOR                    CSG Holdings Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Off-market issue of conditional awards in
                                                terms of the CSG Holdings Forfeitable
                                                Share Plan

 AWARD DATE                                     24 March 2021

 DEEMED AWARD PRICE PER SECURITY                R0.29

 NUMBER OF AWARDS GRANTED                       1 000 000

 TOTAL DEEMED RAND VALUE OF                     R290 000.00
 AWARDS

 VESTING DATE OF AWARDS                         Vesting in tranches of 33.33% each on the
                                                3rd, 4th and 5th anniversary of the award
                                                date, subject to meeting, inter alia,
                                                financial and non-financial performance
                                                conditions

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION


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

Pretoria
26 March 2021

Sponsor
PSG Capital

Date: 26-03-2021 12:00:00
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