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Settlement of awards under KAL Group’s Long-Term Incentive Plan
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL Group")
SETTLEMENT OF AWARDS UNDER KAL GROUP'S LONG-TERM INCENTIVE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting, automatic exercise and after-tax net-equity
settlement of awards in terms of the KAL Group Long-term Incentive Plan ("LTIP"), is disclosed:
1.
NAME OF DIRECTOR S Walsh
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Nil-cost options ("NCOs") in relation to
ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 29 September 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 29 172
TOTAL VALUE OF NCOs VESTED R1 162 772.29, based on a deemed value
of R39.86 per NCO
NUMBER OF ORDINARY SHARES 16 044
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR GW Sim
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 29 September 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 13 907
TOTAL VALUE OF NCOs VESTED R554 321.76, based on a deemed value
of R39.86 per NCO
NUMBER OF ORDINARY SHARES 7 648
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR DC Gempies
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 29 September 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 8 314
TOTAL VALUE OF NCOs VESTED R331 389.31, based on a deemed value
of R39.86 per NCO
NUMBER OF ORDINARY SHARES 4 572
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF DIRECTOR H Smit
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 29 September 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 8 241
TOTAL VALUE OF NCOs VESTED R328 479.58, based on a deemed value
of R39.86 per NCO
NUMBER OF ORDINARY SHARES 4 532
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
5.
NAME OF DIRECTOR T Sulaiman-Bray
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 29 September 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 6 788
TOTAL VALUE OF NCOs VESTED R270 564.18, based on a deemed value
of R39.86 per NCO
NUMBER OF ORDINARY SHARES 3 733
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
6.
NAME OF DIRECTOR AC Abeln
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 29 September 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 6 156
TOTAL VALUE OF NCOs VESTED R245,373.17, based on a deemed value
of R39.86 per NCO
NUMBER OF ORDINARY SHARES 3 385
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Paarl
30 September 2025
Sponsor
PSG Capital
Date: 30-09-2025 03:45:00
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