TASTE HOLDINGS LIMITED - Acceptance of Options by Directors and a Director of a Major Subsidiary in terms of The Taste Holdings Trust

Acceptance of Options by Directors and a Director of a Major Subsidiary in terms of The Taste Holdings Trust

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162


ACCEPTANCE OF OPTIONS BY DIRECTORS AND A DIRECTOR OF A MAJOR SUBSIDIARY IN
TERMS OF THE TASTE HOLDINGS TRUST



In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:

 Name of director:                             Mr C Gonzaga
 Company:                                      Taste Holdings Limited
 Nature of the transaction:                    Granting and acceptance of share options off market
 Class of securities:                          Options in respect of ordinary shares
 Number of options granted:                    647 177
 Option strike price:                          R3.72
 Acceptance date:                              22 August 2014
 Total value of transaction:                   R2 407 498.44
 Extent of director’s interest:                Direct beneficial
 Clearance to deal obtained:                   Yes
 Period of exercise:                           The options are exercisable in 25% tranches from the second
                                               anniversary of the option date onwards over a 4 year period.
                                               If the options have not been exercised in their entirety within
                                               6 years of the option date, the unexercised portion thereof
                                               shall automatically lapse.

 Name of director:                             Mr E Tsatsarolakis
 Company:                                      Taste Holdings Limited
 Nature of the transaction:                    Granting and acceptance of share options off market
 Class of securities:                          Options in respect of ordinary shares
 Number of options granted:                    470 430
 Option strike price:                          R3.72
 Acceptance date:                              22 August 2014
 Total value of transaction:                   R1 749 999.60
 Extent of director’s interest:                Direct beneficial
 Clearance to deal obtained:                   Yes
 Period of exercise:                           The options are exercisable in 25% tranches from the second
                                               anniversary of the option date onwards over a 4 year period.
                                               If the options have not been exercised in their entirety within
                                               6 years of the option date, the unexercised portion thereof
                                               shall automatically lapse.

 Name of director:                             Mr D Crosson
 Company:                                      Taste Holdings Limited
 Nature of the transaction:                    Granting and acceptance of share options off market
 Class of securities:                          Options in respect of ordinary shares
 Number of options granted:                    537 634
 Option strike price:                          R3.72
 Acceptance date:                              22 August 2014
 Total value of transaction:                   R1 999 998.48
 Extent of director’s interest:                Direct beneficial
Clearance to deal obtained:       Yes
Period of exercise:               The options are exercisable in 25% tranches from the second
                                  anniversary of the option date onwards over a 4 year period.
                                  If the options have not been exercised in their entirety within
                                  6 years of the option date, the unexercised portion thereof
                                  shall automatically lapse.


 Name of director:                Mr J Currie
 Company:                         Taste Holdings Limited
 Nature of the transaction:       Granting and acceptance of share options off market
 Class of securities:             Options in respect of ordinary shares
 Number of options granted:       333 260
 Option strike price:             R3.72
 Acceptance date:                 22 August 2014
 Total value of transaction:      R1 239 727.20
 Extent of director’s interest:   Direct beneficial
 Clearance to deal obtained:      Yes
 Period of exercise:              The options are exercisable in 25% tranches from the second
                                  anniversary of the option date onwards over a 4 year period.
                                  If the options have not been exercised in their entirety within
                                  6 years of the option date, the unexercised portion thereof
                                  shall automatically lapse.


 Name of director:                Mr A Smedsrud
 Company:                         Buon Gusto Cuisine Proprietary Limited, a major subsidiary
                                  of Taste
 Nature of the transaction:       Granting and acceptance of share options off market
 Class of securities:             Options in respect of ordinary shares
 Number of options granted:       204 940
 Option strike price:             R3.72
 Acceptance date:                 22 August 2014
 Total value of transaction:      R762 376.80
 Extent of director’s interest:   Direct beneficial
 Clearance to deal obtained:      Yes
 Period of exercise:              The options are exercisable in 25% tranches from the second
                                  anniversary of the option date onwards over a 4 year period.
                                  If the options have not been exercised in their entirety within
                                  6 years of the option date, the unexercised portion thereof
                                  shall automatically lapse.


Johannesburg
22 August 2014

Sponsor
Merchantec Capital

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