KAP INDUSTRIAL HOLDINGS LIMITED - Grant and Acceptance of Options in Terms of the KAP Performance Share Rights Scheme

Grant and Acceptance of Options in Terms of the KAP Performance Share Rights Scheme

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
LEI code: 3789001F51BC0045FD42
(“KAP” or “the Company”)

GRANT AND ACCEPTANCE OF OPTIONS IN TERMS OF THE KAP PERFORMANCE SHARE RIGHTS
SCHEME

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information
regarding the grant and acceptance of options by certain executive directors of KAP and of its major subsidiaries,
in terms of the KAP Performance Share Rights Scheme (“KAP SRS”), is disclosed:

 NAME OF DIRECTOR                                         GN Chaplin                                       (1)
                                                          FH Olivier                                       (2)
                                                          SP Lunga                                         (3)
                                                          G Victor                                         (4)
                                                          W Killian                                        (5)
                                                          JN van Niekerk                                   (6)
                                                          WC Els                                           (7)

 COMPANY OF WHICH A DIRECTOR                              KAP Industrial Holdings Ltd                    (1-3)
                                                          PG Bison (Pty) Ltd*                            (4-5)
                                                          Safripol (Pty) Ltd*                            (6-7)
                                                          * major subsidiary of the Company

 STATUS: EXECUTIVE/NON-EXECUTIVE                          Executive                                      (1-7)

 TYPE AND CLASS OF SECURITIES                             Options to acquire ordinary shares             (1-7)

 NATURE OF TRANSACTION                                    Acceptance of award of options to acquire
                                                          ordinary shares in terms of the KAP SRS
                                                          (off-market transaction)                       (1-7)

 DATE OF AWARD OF OPTIONS                                 1 December 2022                                (1-7)

 DATE OF ACCEPTANCE OF OPTIONS                            2 December 2022                                (1-7)

 OPTION STRIKE PRICE                                      R0.20                                          (1-7)

 NUMBER OF OPTIONS GRANTED AND                            4 020 903                                        (1)
 ACCEPTED                                                 2 540 022                                        (2)
                                                          1 369 342                                        (3)
                                                          1 369 342                                        (4)
                                                            470 331                                        (5)
                                                          1 369 342                                        (6)
                                                            466 929                                        (7)
 
 VESTING DATE OF OPTIONS                                  The options will vest on the third
                                                          Anniversary of the award date,
                                                          subject to the achievement of the
                                                          relevant performance criteria                  (1-7)

 NATURE AND EXTENT OF INTEREST IN THE                     Direct, beneficial                             (1-7)
 TRANSACTION

Notwithstanding the fact that the grant and acceptance of the options have taken place in terms of the rules of
the KAP SRS, clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Stellenbosch
5 December 2022

Sponsor
PSG Capital

Date: 05-12-2022 03:00:00
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