WILSON BAYLY HOLMES-OVCON LIMITED - Granting of rights to participate in the 2013 WBHO share plan approved by shareholders

Granting of rights to participate in the 2013 WBHO share plan approved by shareholders

WILSON BAYLY HOLMES - OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)


GRANTING OF RIGHTS TO PARTICIPATE IN THE 2013 WBHO SHARE PLAN APPROVED BY SHAREHOLDERS AT
THE ANNUAL GENERAL MEETING IN NOVEMBER 2014


The company is currently under a cautionary therefore the relevant permission was obtained from the JSE in
terms of section 3.70 of the JSE Listings Requirements to waive section 3.69 of the JSE Listings Requirements to
proceed with the annual allocation of Performance Share awards per the 2013 WBHO Share Plan as the
directors and prescribed officers have no discretion in this transaction.



Accordingly the following Executive Directors and Prescribed Officers have been granted rights (off market and
at nil cost) to participate in the Company’s share incentive plan, which are subject to performance conditions
and vest after three years:


Executive Directors:
 WP Neff                31,500 conditional awards
 EL Nel                 22,500 conditional awards
 CV Henwood             29,500 conditional awards


Prescribed Officers:
 AF De Necker           28,500 conditional awards
 CA Jessop              28,500 conditional awards
 EA Mashishi            15,000 conditional awards
 PJ Foley               28,500 conditional awards
 SN Gumede              15,000 conditional awards


The effective date of the above transactions is 11 December 2020. Approval for the individual allocations has
been given by the Remuneration Committee.




By order of the board
Johannesburg
14 December 2020

Sponsor: Investec Bank Limited

Date: 14-12-2020 03:15:00
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