QUANTUM FOODS HOLDINGS LIMITED - Exercise of Phantom Share Rights in terms of the Quantum Foods Equity Settled Phantom Share Plan and Sale of Shares

Exercise of Phantom Share Rights in terms of the Quantum Foods Equity Settled Phantom Share Plan and Sale of Shares

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
ISIN: ZAE000193686
(“Quantum Foods” or the “Company”)

EXERCISE OF PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS HOLDINGS LIMITED EQUITY
SETTLED PHANTOM SHARE PLAN AND SALE OF ORDINARY SHARES BY DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”),
shareholders of Quantum Foods are hereby advised of the following dealings in securities by executive directors of the
Company:

    Nature of transaction:                                   Delivery of Quantum Foods ordinary shares (“Ordinary
                                                             Shares”) through the exercise of the Phantom Share
                                                             Rights (“PSRs”) issued on 18 February 2016,
                                                             23 February 2017 and 22 February 2018, in terms of the
                                                             Quantum Foods Holdings Limited Equity Settled
                                                             Phantom Share Plan (“Exercise”) and subsequent sale
                                                             of Ordinary Shares (“Sale”)
    Class of securities:                                     Ordinary Shares
    Vesting date of PSRs:                                    (1) 18 February 2021
                                                             (2) 22 February 2021
                                                             (3) 23 February 2021
    Period of Exercise:                                      Participants have until midnight on the anniversary of
                                                             the relevant vesting date of PSRs to Exercise vested
                                                             PSRs
    Date of Exercise:                                        (1) 4 March 2021
                                                             (2) 4 March 2021
                                                             (3) 4 March 2021
    Date of Sale:                                            (1) 8 March 2021
                                                             (2) 8 March 2021
                                                             (3) 8 March 2021
    Nature and extent of interest:                           Direct beneficial
    On-market or off-market:                                 Off-market
    Clearance given in terms of paragraph 3.66 of the        Yes
    Listings Requirements:

Transaction 1:

    Name of executive director:                              Hendrik Albertus Lourens
    Exercise
    Number of Ordinary Shares delivered on Exercise:         (1) 122 396
                                                             (2) 340 448
                                                             (3) 472 554
    Price per Ordinary Share delivered on Exercise:          (1) R6.0328
                                                             (2) R6.0328
                                                             (3) R6.0328
    Total value of Ordinary Shares delivered on Exercise:    (1) R738 388.26
                                                             (2) R2 053 848.23
                                                             (3) R2 850 814.79
    Strike price of PSRs:                                    (1) R2.660
                                                             (2) R3.906
                                                             (3) R3.093
    Sale
    Number of Ordinary Shares sold:                          (1) 56 676
                                                             (2) 157 604
                                                             (3) 218 756
    Price per Ordinary Share sold:                           (1) R6.010
                                                             (2) R6.010
                                                             (3) R6.010
    Total value of Ordinary Shares sold:                     (1) R340 622.76
                                                             (2) R947 200.04
                                                             (3) R1 314 723.56

Transaction 2:

    Name of executive director:                              André Hugo Muller
    Exercise
    Number of Ordinary Shares delivered on Exercise:         (1) 36 260
                                                             (2) 98 620
                                                             (3) 105 818
    Price per Ordinary Share delivered on Exercise:          (1) R6.0328
                                                             (2) R6.0328
                                                             (3) R6.0328
    Total value of Ordinary Shares delivered on Exercise:    (1) R218 749.33
                                                             (2) R594 954.74
                                                             (3) R638 378.83
    Strike price of PSRs:                                    (1) R2.660
                                                             (2) R3.906
                                                             (3) R3.093
    Sale
    Number of Ordinary Shares sold:                          (1) 21 490
                                                             (2) 58 448
                                                             (3) 62 714
    Price per Ordinary Share sold:                           (1) R6.010
                                                             (2) R6.010
                                                             (3) R6.010
    Total value of Ordinary Shares sold:                     (1) R129 154.90
                                                             (2) R351 272.48
                                                             (3) R376 911.14

Wellington
9 March 2021

Corporate advisor and Sponsor
One Capital
                                                                             
Attorneys
Webber Wentzel




                 

Date: 09-03-2021 01:32:00
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