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Acceptance Of Options Granted And Exercise Of Options By Directors In Terms Of The Deneb Investments Share Schemes
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 AND EXERCISE OF OPTIONS BY DIRECTORS
IN TERMS OF THE DENEB INVESTMENTS SHARE SCHEMES
ACCEPTANCE OF OPTIONS GRANTED
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed in respect of options accepted in terms of the Deneb
Investments Employee Share Scheme (2023):
1.
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH 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 1 July 2025
OPTION STRIKE PRICE (CENTS) 171
NUMBER OF OPTIONS ALLOCATED 4,536,479
TOTAL RAND VALUE OF OPTIONS R7,757,379.09
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 30 June 2027
30% from 30 June 2028
40% from 30 June 2029
PERIOD OF EXERCISE 5 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 G D T Wege
COMPANY OF WHICH 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 1 July 2025
OPTION STRIKE PRICE (CENTS) 171
NUMBER OF OPTIONS ALLOCATED 1,744,718
TOTAL RAND VALUE OF OPTIONS R2,983,467.78
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 30 June 2027
30% from 30 June 2028
40% from 30 June 2029
PERIOD OF EXERCISE 5 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 D Levin
COMPANY OF WHICH A DIRECTOR Sargas (Pty) Ltd (a major subsidiary of the
Company)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary shares
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 1 July 2025
OPTION STRIKE PRICE (CENTS) 171
NUMBER OF OPTIONS ALLOCATED 174,663
TOTAL RAND VALUE OF OPTIONS R298,673.73
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 30 June 2027
30% from 30 June 2028
40% from 30 June 2029
PERIOD OF EXERCISE 5 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
EXERCISE OF OPTIONS
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the exercise of options and the related settlement thereof in terms of the
Deneb Investments Employee Share Scheme (2017) is disclosed:
1.
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH A DIRECTOR Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Exercise of options in terms of the Deneb
Investments Employee Share Scheme
(2017) and related net-equity settlement by
way of the award of 1,311,524 ordinary
shares to the director (off-market
transaction)
DATE OF EXERCISE OF OPTIONS 27 June 2025
VESTING DATE OF OPTIONS EXERCISED 10% vested on 30 June 2021
20% vested on 30 June 2022
30% vested on 30 June 2023
40% vested on 30 June 2024
PERIOD OF EXERCISE Participants must exercise options within
5 years from the grant date
OPTION STRIKE PRICE 88 cents
NUMBER OF OPTIONS EXERCISED 2,443,035
TOTAL RAND VALUE OF NET-EQUITY R2,491,896 (based on the 27 June 2025
SETTLED SECURITIES closing share price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTIONS
2.
NAME OF DIRECTOR G D T Wege
COMPANY OF WHICH A DIRECTOR Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Exercise of options in terms of the Deneb
Investments Employee Share Scheme
(2017) and related net-equity settlement by
way of the award of 511,800 ordinary
shares to the director (off-market
transaction)
DATE OF EXERCISE OF OPTIONS 27 June 2025
VESTING DATE OF OPTIONS EXERCISED 10% vested on 30 June 2021
20% vested on 30 June 2022
30% vested on 30 June 2023
40% vested on 30 June 2024
PERIOD OF EXERCISE Participants must exercise options within
5 years from the grant date
OPTION STRIKE PRICE 88 cents
NUMBER OF OPTIONS EXERCISED 953,353
TOTAL RAND VALUE OF NET-EQUITY R972,420 (based on the 27 June 2025
SETTLED SECURITIES closing share price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTIONS
3.
NAME OF DIRECTOR D Levin
COMPANY OF WHICH A DIRECTOR Sargas (Pty) Ltd a wholly owned subsidiary
of Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Exercise of options in terms of the Deneb
Investments Employee Share Scheme
(2017) and related net-equity settlement by
way of the award of 33,486 ordinary shares
to the director (off-market transaction)
DATE OF EXERCISE OF OPTIONS 27 June 2025
VESTING DATE OF OPTIONS EXERCISED 10% vested on 30 June 2021
20% vested on 30 June 2022
30% vested on 30 June 2023
40% vested on 30 June 2024
PERIOD OF EXERCISE Participants must exercise options within
5 years from the grant date
OPTION STRIKE PRICE 88 cents
NUMBER OF OPTIONS EXERCISED 62,376
TOTAL RAND VALUE OF NET-EQUITY R63,623 (based on the 27 June 2025
SETTLED SECURITIES closing share price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTIONS
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Cape Town
1 July 2025
Sponsor
PSG Capital
Date: 01-07-2025 04:00:00
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