DENEB INVESTMENTS LIMITED - Exercise of Options by Directors and Directors of a Major Subsidiary

Exercise of Options by Directors and Directors of a Major Subsidiary

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”)

EXERCISE OF OPTIONS BY DIRECTORS AND DIRECTORS OF A MAJOR
SUBSIDIARY

In compliance with Rules 3.63 to 3.74 of the JSE Limited
Listing Requirements the following information in terms of the
Deneb Long Term Incentive Scheme is disclosed:


Director:                   Mr S A Queen
Designation:                Chief Executive Officer
Company:                    Deneb
Nature of transaction:      Exercise of options (off-market
                            transaction)
Class of securities:        Ordinary shares
Nature and extent of
director’s interest in
the transaction:            Direct beneficial
Date of grant of options:   14 October 2014
Date of vesting of
options:                    14 October 2014
Date of exercise of
options:                    19 December 2014
Number of options
exercised:                  1,734,785
Option strike price:        R0.00
Share price:                R2.30
Total value of options:     R3,990,005.50
Clearance obtained par.
3.66:                       Yes
Date of clearance:          15 December 2014


Director:                   Mr G Wege
Designation:                Financial Director
Company:                    Deneb
Nature of transaction:      Exercise of options (off-market
                            transaction)
Class of securities:        Ordinary shares
Nature and extent of
director’s interest in
the transaction:            Direct beneficial
Date of grant of options:   14 October 2014
Date of vesting of
options:                    14 October 2014
Date of exercise of
options:                    19 December 2014
Number of options
exercised:                  375,000
Option strike price:        R0.00
Share price:                R2.30
Total value of options:     R862,500.00
Clearance obtained par.
3.66:                       Yes
Date of clearance:          15 December 2014


Director:                   Mr I N Morris
Designation:                Director – Subsidiary Company
Company:                    Prima Toy and Leisure Trading
                            (Pty) Ltd
Nature of transaction:      Exercise of options (off-market
                            transaction)
Class of securities:        Ordinary shares
Nature and extent of
director’s interest in
the transaction:            Direct beneficial
Date of grant of options:   14 October 2014
Date of vesting of
options:                    14 October 2014
Date of exercise of
options:                    19 December 2014
Number of options
exercised:                  103,694
Option strike price:        R0.96
Share price:                R2.30
Total value of options:     R138,949.96
Clearance obtained par.
3.66:                       Yes
Date of clearance:          15 December 2014


Director:                   Mr I N Morris
Designation:                Director – Subsidiary Company
Company:                    Prima Toy and Leisure Trading
                            (Pty) Ltd
Nature of transaction:      Exercise of options (off-market
                            transaction)
Class of securities:        Ordinary shares
Nature and extent of
director’s interest in
the transaction:            Direct beneficial
Date of grant of options:   14 October 2014
Date of vesting of
options:                    14 October 2014
Date of exercise of
options:                    19 December 2014
Number of options
exercised:                  128,532
Option strike price:        R1.39
Share price:                R2.30
Total value of options:     R116,964.12
Clearance obtained par.
3.66:                       Yes
Date of clearance:          15 December 2014

Cape Town
22 December 2014

Sponsor: PSG Capital Proprietary Limited

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