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CANCELLATION OF S390301 Awarding Of Options To And Acceptance Of Options By Directors
STADIO HOLDINGS LIMITED
(Previously Embury Holdings Proprietary Limited)
(Incorporated in the Republic of South Africa)
Registration number: 2016/371398/06
JSE share code: SDO
ISIN ZAE000248662
(“STADIO”)
AWARDING OF OPTIONS TO AND ACCEPTANCE OF OPTIONS BY DIRECTORS
AND A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE STADIO
GROUP SHARE INCENTIVE TRUST
In compliance with Sections 3.63 to 3.74 of the JSE Limited
Listings Requirements the following information regarding the
award and acceptance of options is disclosed:
1.
NAME OF DIRECTOR CR van der Merwe
COMPANY OF WHICH I AM A STADIO Holdings Limited
DIRECTOR
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF Options to subscribe for
SECURITIES ordinary shares in STADIO
NATURE OF TRANSACTION Acceptance of options to
subscribe for ordinary shares
in STADIO in terms of the
STADIO Group Share Incentive
Trust (off-market transaction)
DATE OF TRANSACTION (DATE 3 October 2017
OF ACCEPTANCE OF OPTIONS)
DATE OPTIONS WERE AWARDED 3 October 2017
OPTION STRIKE PRICE R2.96
NUMBER OF OPTIONS AWARDED 4 054 054
AND ACCEPTED
TOTAL RAND VALUE OF OPTIONS R11 999 999.84
ACCEPTED
STRIKE DATE OF OPTIONS 3 October 2019,
(VESTING DATES OF OPTIONS)* 3 October 2020,
3 October 2021, and
3 October 2022
PERIOD OF EXERCISE Participants have a 30 day
period from the strike date
during which options can be
exercised
NATURE AND EXTENT OF Direct beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED IN TERMS Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS
2.
NAME OF DIRECTOR S Totaram
COMPANY OF WHICH I AM A STADIO Holdings Limited
DIRECTOR
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF Options to subscribe for
SECURITIES ordinary shares in STADIO
NATURE OF TRANSACTION Acceptance of options to
subscribe for ordinary shares
in STADIO in terms of the
STADIO Group Share Incentive
Trust (off-market transaction)
DATE OF TRANSACTION (DATE 3 October 2017
OF ACCEPTANCE OF OPTIONS)
DATE OPTIONS WERE AWARDED 3 October 2017
OPTION STRIKE PRICE R2.96
NUMBER OF OPTIONS AWARDED 1 724 838
AND ACCEPTED
TOTAL RAND VALUE OF OPTIONS R5 105 520.48
ACCEPTED
STRIKE DATE OF OPTIONS 3 October 2019,
(VESTING DATES OF OPTIONS)* 3 October 2020,
3 October 2021, and
3 October 2022
PERIOD OF EXERCISE Participants have a 30 day
period from the strike date
during which options can be
exercised
NATURE AND EXTENT OF Direct beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED IN TERMS Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS
3.
NAME OF DIRECTOR D Singh
COMPANY OF WHICH I AM A STADIO Holdings Limited
DIRECTOR
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to subscribe for
ordinary shares in STADIO
NATURE OF TRANSACTION Acceptance of options to
subscribe for ordinary shares
in STADIO in terms of the
STADIO Group Share Incentive
Trust (off-market transaction)
DATE OF TRANSACTION (DATE OF 3 October 2017
ACCEPTANCE OF OPTIONS)
DATE OPTIONS WERE AWARDED 3 October 2017
OPTION STRIKE PRICE R2.96
NUMBER OF OPTIONS ACCEPTED 1 756 757
TOTAL RAND VALUE OF OPTIONS R5 2000 000.72
ACCEPTED
STRIKE DATE OF OPTIONS 3 October 2019,
(VESTING DATES OF OPTIONS)* 3 October 2020,
3 October 2021, and
3 October 2022
PERIOD OF EXERCISE Participants have a 30 day
period from the strike date
during which options can be
exercised
NATURE AND EXTENT OF Direct beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED IN TERMS Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS
4.
NAME OF DIRECTOR JJ Human
COMPANY OF WHICH I AM A Embury Institute for Higher
DIRECTOR Education Proprietary Limited
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Options to subscribe for
ordinary shares in STADIO
NATURE OF TRANSACTION Acceptance of options to
subscribe for ordinary shares
in STADIO in terms of the
STADIO Group Share Incentive
Trust (off-market transaction)
DATE OF TRANSACTION (DATE OF 3 October 2017
ACCEPTANCE OF OPTIONS)
DATE OPTIONS WERE AWARDED 3 October 2017
OPTION STRIKE PRICE R2.96
NUMBER OF OPTIONS AWARDED 3 103 310
AND ACCEPTED
TOTAL RAND VALUE OF OPTIONS R9 185 797.60
ACCEPTED
STRIKE DATE OF OPTIONS 3 October 2019,
(VESTING DATES OF OPTIONS)* 3 October 2020,
3 October 2021, and
3 October 2022
PERIOD OF EXERCISE Participants have a 30 day
period from the strike date
during which options can be
exercised
NATURE AND EXTENT OF Direct beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED IN TERMS Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS
*The options will vest in 4 tranches of 25% each on the strike
dates specified above.
Durbanville
06 October 2017
Sponsor: PSG Capital Proprietary Limited
Date: 06/10/2017 04:07:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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