KAAP AGRI LIMITED - Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme

Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri” or the “Company”)

ACCEPTANCE OF RIGHTS GRANTED UNDER THE KAAP AGRI EQUITY SETTLED MANAGEMENT SHARE INCENTIVE
SCHEME (“Scheme”)

The following information regarding the acceptance of rights granted under the Scheme is
disclosed by the Company in accordance with paragraphs 3.63 to 3.74 of the JSE Listings
Requirements:

 NAME OF DIRECTOR                                S Walsh                                   (1)
                                                 GW Sim                                    (2)
                                                 DC Gempies                                (3)
                                                 HJ Smit                                   (4)
                                                 AJ Griesel                                (5)
                                                 T Sulaiman-Bray                           (6)

 COMPANY OF WHICH A DIRECTOR                     Kaap Agri                                 (1), (2)
                                                 Kaap Agri Bedryf Limited (a major         (1) – (6)
                                                 subsidiary of the Company)

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive                                 (1) – (6)

 TYPE AND CLASS OF SECURITIES                    Rights granted under the Scheme           (1) – (6)
                                                 to acquire ordinary shares

 DATE OF AWARD                                   20 March 2018                             (1) – (6)

 DATE OF ACCEPTANCE                              26 March 2018                             (1) – (6)

 PRICE AT WHICH RIGHTS AWARDED                   R48.27                                    (1) – (6)

 NUMBER OF SHARE RIGHTS                          13 441                                    (1)
 ACCEPTED                                        21 859                                    (2)
                                                 3 673                                     (3)
                                                 3 733                                     (4)
                                                 12 718                                    (5)
                                                 57 494                                    (6)

 TOTAL RAND VALUE OF RIGHTS                      R648 797.07                               (1)
                                                 R1 055 133.93                             (2)
                                                 R177 295.71                               (3)
                                                 R180 191.91                               (4)
                                                 R613 897.86                               (5)
                                                 R2 775 235.38                             (6)

 VESTING DATE OF RIGHTS                          Vesting in tranches of 25% each           (1) – (6)
                                                 on the 1st day of 2nd, 3rd, 4th and 5th
                                                 financial years commencing after
                                                 the award date

 NATURE OF TRANSACTION                           Acceptance of rights granted              (1) – (6)
                                                 to acquire ordinary shares in
                                                 terms of the Scheme

 NATURE AND EXTENT OF INTEREST                   Direct, Beneficial                        (1) – (6)
 IN THE TRANSACTION

Clearance to accept the above rights granted under the Scheme was obtained in accordance with 
paragraph 3.66 of the JSE Listings Requirements.

Paarl
27 March 2018

Sponsor
PSG Capital 

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