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Acceptance Of Allocated Phantom Share Rights In Terms Of The Quantum Foods Phantom Share Plan
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”)
ACCEPTANCE OF ALLOCATED PHANTOM SHARE RIGHTS IN TERMS OF THE
QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements
(“JSE Listings Requirements”), the following information regarding the acceptance of
options is disclosed:
1.
NAME OF DIRECTOR Hendrik Albertus Lourens
COMPANY OF WHICH A DIRECTOR Quantum Foods Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Equity Settled Phantom Share Rights
CLASS OF SECURITIES Ordinary Shares
NATURE OF TRANSACTION Acceptance of Phantom Share Rights in
terms of the Quantum Foods Holdings
Limited Equity Settled Phantom Share
Plan (off-market transaction)
DATE OF PHANTOM SHARE RIGHTS 17 February 2020
GRANT
DATE OF PHANTOM SHARE RIGHTS 28 February 2020
ACCEPTANCE
PHANTOM SHARE RIGHTS STRIKE PRICE 356.5 cents
NUMBER OF PHANTOM SHARE RIGHTS 1 404 498
ALLOCATED
VESTING DATES OF PHANTOM SHARE 17 February 2023, and
RIGHTS 17 February 2024, and
17 February 2025
PERIOD OF EXERCISE Participants have until midnight on the 12
month anniversary of the relevant vesting
date during which the Phantom Share
Rights can be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR Andre Hugo Muller
COMPANY OF WHICH A DIRECTOR Quantum Foods Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Equity Settled Phantom Share Rights
CLASS OF SECURITIES Ordinary Shares
NATURE OF TRANSACTION Acceptance of Phantom Share Rights in
terms of the Quantum Foods Holdings
Limited Equity Settled Phantom Share
Plan (off-market transaction)
DATE OF PHANTOM SHARE RIGHTS 17 February 2020
GRANT
DATE OF PHANTOM SHARE RIGHTS 28 February 2020
ACCEPTANCE
PHANTOM SHARE RIGHTS STRIKE PRICE 356.5 cents
NUMBER OF PHANTOM SHARE RIGHTS 433 542
ALLOCATED
VESTING DATES OF PHANTOM SHARE 17 February 2023, and
RIGHTS 17 February 2024, and
17 February 2025
PERIOD OF EXERCISE Participants have until midnight on the 12
month anniversary of the relevant vesting
date during which the Phantom Share
Rights can be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF PRESCRIBED OFFICER Heather Elizabeth Pether
COMPANY OF WHICH A PRESCRIBED Quantum Foods Holdings Limited
OFFICER
TYPE OF SECURITIES Equity Settled Phantom Share Rights
CLASS OF SECURITIES Ordinary Shares
NATURE OF TRANSACTION Acceptance of Phantom Share Rights in
terms of the Quantum Foods Holdings
Limited Equity Settled Phantom Share
Plan (off-market transaction)
DATE OF PHANTOM SHARE RIGHTS 17 February 2020
GRANT
DATE OF PHANTOM SHARE RIGHTS 28 February 2020
ACCEPTANCE
PHANTOM SHARE RIGHTS STRIKE PRICE 356.5 cents
NUMBER OF PHANTOM SHARE RIGHTS 273 492
ALLOCATED
VESTING DATES OF PHANTOM SHARE 17 February 2023, and
RIGHTS 17 February 2024, and
17 February 2025
PERIOD OF EXERCISE Participants have until midnight on the 12
month anniversary of the relevant vesting
date during which the Phantom Share
Rights can be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Notes:
i) Clearance to deal in these Phantom Share Rights was obtained in accordance with
paragraph 3.66 of the JSE Listings Requirements.
ii) 50% of the Phantom Share Rights will vest in 3 tranches of 33.33% each on the
vesting dates specified above.
iii) 50% of the Phantom Share Rights will vest in 3 tranches of 33.33% on the vesting
dates specified above, subject to a formula based on the compound growth of the
Company's headline earnings per share from the financial year prior to the date of
grant of the Phantom Share Rights to the financial year prior to the date of exercise.
iv) The total number of Quantum shares that will be issued to the directors and the prescribed
officer pursuant to the exercise of the Phantom Share Rights will be determined according
to a formula based on the growth in the share price of Quantum from the date of grant of
the Phantom Share Rights to the date of exercise. Accordingly, the total number of shares
and monetary value thereof will only be determined at a future date.
v) An additional SENS announcement will be made upon the exercise of the Phantom
Share Rights by each director and prescribed officer, disclosing the exact number of shares
issued and the monetary value thereof in accordance with the JSE Listings Requirements.
Wellington
28 February 2020
Sponsor
PSG Capital
Date: 28-02-2020 11:05:00
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