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Acceptance Of Options Granted In Terms Of The Deneb Investments Long Term Incentive Scheme
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 LONG TERM
INCENTIVE SCHEME
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:
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 30 June 2016
OPTION STRIKE PRICE (CENTS) 150
NUMBER OF OPTIONS ALLOCATED 2,343,944
TOTAL RAND VALUE OF OPTIONS R3 515 916.00
STRIKE DATES OF OPTIONS 10% from 30 June 2017
20% from 30 June 2018
30% from 30 June 2019
40% from 30 June 2020
PERIOD OF EXERCISE 8 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 D Duncan
COMPANY OF WHICH I AM A DIRECTOR Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of Deneb
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 30 June 2016
OPTION STRIKE PRICE (CENTS) 150
NUMBER OF OPTIONS ALLOCATED 981,939
TOTAL RAND VALUE OF OPTIONS R1 472 908.50
STRIKE DATES OF OPTIONS 10% from 30 June 2017
20% from 30 June 2018
30% from 30 June 2019
40% from 30 June 2020
PERIOD OF EXERCISE 8 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
3.
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 in the share capital of Deneb
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 30 June 2016
OPTION STRIKE PRICE (CENTS) 150
NUMBER OF OPTIONS ALLOCATED 738,491
TOTAL RAND VALUE OF OPTIONS R1 107 736.50
STRIKE DATES OF OPTIONS 10% from 30 June 2017
20% from 30 June 2018
30% from 30 June 2019
40% from 30 June 2020
PERIOD OF EXERCISE 8 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
4.
NAME OF DIRECTOR A Ntuli
COMPANY OF WHICH I AM A DIRECTOR Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of Deneb
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 30 June 2016
OPTION STRIKE PRICE (CENTS) 150
NUMBER OF OPTIONS ALLOCATED 30,632
TOTAL RAND VALUE OF OPTIONS R45,948.00
STRIKE DATES OF OPTIONS 10% from 30 June 2017
20% from 30 June 2018
30% from 30 June 2019
40% from 30 June 2020
PERIOD OF EXERCISE 8 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
5.
NAME OF DIRECTOR I N Morris
COMPANY OF WHICH I AM A DIRECTOR Prima Toy and Leisure Trading (Pty)
Ltd (major subsidiary of Deneb)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of Deneb
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 30 June 2016
OPTION STRIKE PRICE (CENTS) 150
NUMBER OF OPTIONS ALLOCATED 661,014
TOTAL RAND VALUE OF OPTIONS R991,521.00
STRIKE DATES OF OPTIONS 10% from 30 June 2017
20% from 30 June 2018
30% from 30 June 2019
40% from 30 June 2020
PERIOD OF EXERCISE 8 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
6.
NAME OF DIRECTOR F Nussbaum
COMPANY OF WHICH I AM A DIRECTOR Prima Toy and Leisure Trading (Pty)
Ltd (major subsidiary of Deneb)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of Deneb
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 30 June 2016
OPTION STRIKE PRICE (CENTS) 150
NUMBER OF OPTIONS ALLOCATED 453,404
TOTAL RAND VALUE OF OPTIONS R680,106.00
STRIKE DATES OF OPTIONS 10% from 30 June 2017
20% from 30 June 2018
30% from 30 June 2019
40% from 30 June 2020
PERIOD OF EXERCISE 8 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
Cape Town
1 July 2016
Sponsor
PSG Capital
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