GRAND PARADE INVESTMENTS LIMITED - Acceptance Of Options Offered By The Grand Parade Share Incentive Trust

Acceptance Of Options Offered By The Grand Parade Share Incentive Trust

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the company”)

ACCEPTANCE OF OPTIONS OFFERED BY THE GRAND PARADE SHARE
INCENTIVE TRUST

In compliance with rules 3.63 to 3.74 of the JSE
Limited’s    Listings    Requirements, the following
information is disclosed:


NAME OF DIRECTOR                  Alan Keet
COMPANY OF WHICH A DIRECTOR       Grand Parade Investments
                                  Limited
STATUS: EXECUTIVE/NON-            Executive
EXECUTIVE
NUMBER OF OPTIONS GRANTED         1,161,014
OPTION STRIKE PRICE               R 3.52 (GPI’s 30 day volume
                                  weighted average traded price
                                  at 11 August 2016)
TOTAL RAND VALUE OF OPTIONS       R 4,086,769.28
STRIKE DATES OF OPTIONS           9 September 2018; 9 September
                                  2019; 9 September 2020;
                                  9 September 2021*
PERIOD OF EXERCISE                Participants have a 180 day
                                  period from the respective
                                  strike dates during which
                                  options can be exercised
DATE OF AWARD                     9 September 2016
DATE OPTIONS ACCEPTED             21 September 2016
CLASS AND TYPE OF SECURITIES      Options in respect of ordinary
                                  shares
NATURE OF TRANSACTION             Acceptance of options granted
                                  to subscribe for ordinary
                                  shares in terms of a share
                                  incentive scheme
NATURE AND EXTENT OF INTEREST     Direct beneficial
IN THE TRANSACTION
CLEARANCE OBTAINED                Yes


*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.


NAME OF DIRECTOR                   Dylan Pienaar
COMPANY OF WHICH A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          874,904
OPTION STRIKE PRICE                R 3.52(GPI’s 30 day volume
                                   weighted average traded price
                                   at 11 August2016)
TOTAL RAND VALUE OF OPTIONS        R 3,079,662.08
STRIKE DATES OF OPTIONS            9 September 2018; 9 September
                                   2019; 9 September 2020;
                                   9 September 2021*
PERIOD OF EXERCISE                 Participants have a 180 day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE OF AWARD                      9 September 2016
DATE OPTIONS ACCEPTED              21 September 2016
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION
CLEARANCE OBTAINED                 Yes


*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.


NAME OF DIRECTOR                   Tasneem Karriem
COMPANY OF WHICH A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          568,182
OPTION STRIKE PRICE                R 3.52(GPI’s 30 day volume
                                   weighted average traded price
                                   at 11 August 2016)
TOTAL RAND VALUE OF OPTIONS        R 2,000,000.64
STRIKE DATES OF OPTIONS            9 September 2018; 9 September
                                   2019; 9 September 2020;
                                   9 September 2021*
PERIOD OF EXERCISE                 Participants have a 180 day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE AWARD                         9 September 2016
DATE OPTIONS ACCEPTED              21 September 2016
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION
CLEARANCE OBTAINED                 Yes


*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.

Clearance to accept these share option awards was
obtained in accordance with rule 3.66 of the JSE Limited
Listings Requirements.

22 September 2016
Cape Town

Sponsor
PSG Capital Proprietary Limited

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