DENEB INVESTMENTS LIMITED - Acceptance of Options Granted in terms of the Deneb Investments Employee Share Scheme and Dealings in Shares by a Di

Acceptance of Options Granted in terms of the Deneb Investments Employee Share Scheme and Dealings in Shares by a Di

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Company”)

ACCEPTANCE OF OPTIONS GRANTED IN TERMS OF THE DENEB INVESTMENTS
EMPLOYEE SHARE SCHEME AND DEALINGS IN SHARES BY A DIRECTOR

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

ACCEPTANCE OF OPTIONS

1.
 NAME OF DIRECTOR                                S A Queen
 COMPANY OF WHICH I AM A DIRECTOR                Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive
 TYPE OF SECURITIES                              Options to subscribe for ordinary shares
 CLASS OF SECURITIES                             Ordinary
 DATE OF SHARE OPTION ACCEPTANCE                 28 June 2021
 OPTION STRIKE PRICE (CENTS)                     163
 NUMBER OF OPTIONS ALLOCATED                     1,846,187
 TOTAL RAND VALUE OF OPTIONS                     R3,009,284.81
 VESTING DATES OF OPTIONS                        The options will vest in 4 tranches, on the
                                                 following dates:
                                                 10% from 28 June 2022
                                                 20% from 28 June 2023
                                                 30% from 28 June 2024
                                                 40% from 28 June 2025
 PERIOD OF EXERCISE                              5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 TRANSACTION
 NATURE OF TRANSACTION                           Acceptance of options to subscribe for
                                                 ordinary shares in terms of a share
                                                 incentive scheme (off-market transaction)
 CLEARANCE OBTAINED                              Yes

2.
 NAME OF DIRECTOR                                G D T Wege
 COMPANY OF WHICH I AM A DIRECTOR                Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive
 TYPE OF SECURITIES                              Options to subscribe for ordinary shares
 CLASS OF SECURITIES                             Ordinary
 DATE OF SHARE OPTION ACCEPTANCE                 28 June 2021
 OPTION STRIKE PRICE (CENTS)                     163
 NUMBER OF OPTIONS ALLOCATED                     991,868
 TOTAL RAND VALUE OF OPTIONS                     R1,616,744.84
 VESTING DATES OF OPTIONS                        The options will vest in 4 tranches, on the
                                                 following dates:
                                                 10% from 28 June 2022
                                                 20% from 28 June 2023
                                                 30% from 28 June 2024
                                                 40% from 28 June 2025
 PERIOD OF EXERCISE                              5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 TRANSACTION
 NATURE OF TRANSACTION                           Acceptance of options to subscribe for
                                                 ordinary shares in terms of a share
                                                 incentive scheme (off-market transaction)
 CLEARANCE OBTAINED                              Yes


DEALINGS IN SHARES BY A DIRECTOR

 NAME OF DIRECTOR                               S A Queen

 COMPANY OF WHICH A DIRECTOR                    Deneb Investments Limited

 STATUS: EXECUTIVE / NON-EXECUTIVE              Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTIONS                         Purchase of shares by director (1) - (2)
                                                (on-market transactions)

 DATES OF TRANSACTIONS                          24 June 2021                   (1)
                                                25 June 2021                   (2)

 PRICE PER SECURITY (CENTS)                     166                            (1)

                                                High:190                       (2)
                                                Low: 188
                                                Average: 189.71

 NUMBER OF SECURITIES TRANSACTED                300                            (1)
                                                11 716                         (2)

 TOTAL RAND VALUE OF SECURITIES                 R 498.00                       (1)
 TRANSACTED                                     R 22 226.40                    (2)

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial             (1) - (2)
 THE TRANSACTIONS

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

Cape Town
28 June 2021

Sponsor
PSG Capital

Date: 28-06-2021 03:15:00
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