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Acceptance Of Options Granted In Terms Of The Deneb Investments Employee Share Scheme
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 IN TERMS OF THE DENEB INVESTMENTS
EMPLOYEE SHARE SCHEME
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:
1.
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH I AM 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 30 June 2020
OPTION STRIKE PRICE (CENTS) 139
NUMBER OF OPTIONS ALLOCATED 2,443,035
TOTAL RAND VALUE OF OPTIONS R3 395 818.65
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 30 June 2021
20% from 30 June 2022
30% from 30 June 2023
40% from 30 June 2024
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 D Duncan
COMPANY OF WHICH I AM 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 30 June 2020
OPTION STRIKE PRICE (CENTS) 139
NUMBER OF OPTIONS ALLOCATED 1,404,849
TOTAL RAND VALUE OF OPTIONS R1 952,740.11
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 30 June 2021
20% from 30 June 2022
30% from 30 June 2023
40% from 30 June 2024
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 G D T Wege
COMPANY OF WHICH I AM 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 30 June 2020
OPTION STRIKE PRICE (CENTS) 139
NUMBER OF OPTIONS ALLOCATED 953,353
TOTAL RAND VALUE OF OPTIONS R1,325,160.67
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 30 June 2021
20% from 30 June 2022
30% from 30 June 2023
40% from 30 June 2024
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
4.
NAME OF DIRECTOR I N Morris
COMPANY OF WHICH I AM A DIRECTOR Prima Toy and Leisure Trading (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 30 June 2020
OPTION STRIKE PRICE (CENTS) 139
NUMBER OF OPTIONS ALLOCATED 811,997
TOTAL RAND VALUE OF OPTIONS R1,128,675.83
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 30 June 2021
20% from 30 June 2022
30% from 30 June 2023
40% from 30 June 2024
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
5.
NAME OF DIRECTOR F Nussbaum
COMPANY OF WHICH I AM A DIRECTOR Prima Toy and Leisure Trading (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 30 June 2020
OPTION STRIKE PRICE (CENTS) 139
NUMBER OF OPTIONS ALLOCATED 594,260
TOTAL RAND VALUE OF OPTIONS R826,021.40
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 30 June 2021
20% from 30 June 2022
30% from 30 June 2023
40% from 30 June 2024
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
Cape Town
1 July 2020
Sponsor
PSG Capital
Date: 01-07-2020 04:30:00
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