THE BIDVEST GROUP LIMITED - Granting of conditional share awards and acceptance of share options by directors and company secretary

Granting of conditional share awards and acceptance of share options by directors and company secretary

THE BIDVEST GROUP LIMITED
(“Bidvest”)
(Incorporated in the Republic of South Africa)
Registration number: 1946/021180/06
Share code: BVT ISIN ZAE 000117321

GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2008 BIDVEST CONDITIONAL
SHARE PLAN
Executive Directors have been awarded Conditional Share Awards in terms of the 2008 Bidvest
Group Conditional Share Plan, approved by shareholders at the annual general meeting in
November 2008. Conditional Share Awards are subject to performance conditions for the
period ending June 30 2016. Subject to performance, vesting will occur in September 2016 and
September 2017. The remuneration Committee has given approval for the following individual
allocations.
Conditional share awards are as follows:
Executive Directors:
B L Berson                   45 000 conditional share awards
D E Cleasby                  25 000 conditional share awards
B Joffe                    100 000 conditional share awards
L P Ralphs                   50 000 conditional share awards

ACCEPTANCE OF SHARE OPTIONS BY DIRECTORS AND COMPANY SECRETARY
In compliance with Rules 3.63 – 3.74 of the JSE Listing Requirements, the following information
is disclosed:

The following executive directors have accepted share options in terms of the Bidvest Incentive
Scheme as follows:

Executive Director:          Anthony William Dawe
Number of Options:           50 000
Strike Price of options      R237.54
Total Value                  R11 877 000.00
Date of Acceptance           March 28, 2014
Nature of transaction        Acceptance of options – off market
Class of shares              Ordinary
Nature of interest           Direct beneficial

Executive Director:          Nompumelelo Themekile Madisa
Number of Options:           25 000
Strike Price of options      R237.54
Total Value                  R5 938 500.00
Date of Acceptance           March 28, 2014
Nature of transaction        Acceptance of options – off market
Class of shares              Ordinary
Nature of interest           Direct beneficial

The Company Secretary has accepted share options in terms of the Bidvest Incentive Scheme as
follows:

Company Secretary:           Craig Andrew Brighten
Number of Options:           10 000
Strike Price of options      R237.54
Total Value                  R2 375 400.00
Date of Acceptance           March 28, 2014
Nature of transaction        Acceptance of options – off market
Class of shares              Ordinary
Nature of interest           Direct beneficial

Clearance in terms of para 3.66 of the listings requirements was obtained from the
Remuneration Committee of The Bidvest Group Limited.

Date: March 28, 2014
Johannesburg
Sponsor: Investec

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