CURRO HOLDINGS LIMITED - Exercise And Related Settlement Of Options In Terms Of The Curro Holdings Limited Executive Long Term Share Incenti

Exercise And Related Settlement Of Options In Terms Of The Curro Holdings Limited Executive Long Term Share Incenti

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
LEI: 378900E237CB40F0BF96
(“Curro” or “the Company”)

EXERCISE AND RELATED SETTLEMENT OF OPTIONS IN TERMS OF THE CURRO
HOLDINGS LIMITED EXECUTIVE LONG TERM SHARE INCENTIVE SCHEME

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the exercise of options by directors of Curro, in terms of the
Curro Holdings Limited Executive Long Term Share Incentive Scheme (“Scheme”), are
disclosed to shareholders.

Following the exercise of the options referred to below, and in accordance with the provisions
of the trust deed of the Curro Holdings Limited Executive Long Term Share Incentive Trust
(“Trust”), the Trust will settle the options on an after-tax equity settlement basis, through the
award of ordinary shares as detailed below:

1.
 NAME OF DIRECTOR                         JP Loubser

 COMPANY OF WHICH A                       Curro Holdings Limited
 DIRECTOR
 STATUS: EXECUTIVE/NON- EXECUTIVE         Executive        
 
 TYPE AND CLASS OF SECURITIES             Options in relation to ordinary shares

 NATURE OF TRANSACTION                    Exercise of options to acquire ordinary shares in
                                          terms of the Scheme and related after-tax net-
                                          equity settlement (off-market transaction)

 DATE OF EXERCISE OF OPTIONS              3 April 2023

 VESTING DATE OF OPTIONS                  31 March 2023

 EXERCISED                                The options were subject to performance
                                          conditions which was successfully achieved for the
                                          measurement period

 PERIOD OF EXERCISE                       Participants have a 6-month period from the
                                          vesting date during which options can be
                                          exercised

 OPTION STRIKE PRICE                      R Nil

 NUMBER OF OPTIONS                        186 867
 EXERCISED

 NUMBER OF SHARES SETTLED                 102 777 shares transferred to director by the Trust
                                          on an after-tax equity settlement basis

 TOTAL RAND VALUE OF SHARES               R831 465.93
 SETTLED                                  Based on the share price at closing on the date of
                                          exercise of the options of R8.09.

NATURE AND EXTENT OF                      Direct, beneficial
INTEREST IN THE TRANSACTION


2.
 NAME OF DIRECTOR                          M Lategan

 COMPANY OF WHICH A                       Curro Holdings Limited
 DIRECTOR

 STATUS: EXECUTIVE/NON-EXECUTIVE           Executive          
 
 TYPE AND CLASS OF SECURITIES              Options in relation to ordinary shares

 NATURE OF TRANSACTION                     Exercise of options to acquire ordinary shares in
                                           terms of the Scheme and related after-tax net-
                                           equity settlement (off-market transaction).

 DATE OF EXERCISE OF OPTIONS               3 April 2023

 VESTING DATE OF OPTIONS                   31 March 2023
 EXERCISED                                 The options were subject to performance
                                           conditions which was successfully achieved for the
                                           measurement period

 OPTION STRIKE PRICE                       R Nil

 NUMBER OF OPTIONS                         99 662
 EXERCISED

 NUMBER OF SHARES SETTLED                  54 814 shares transferred to director by the Trust on
                                           an after-tax equity settlement basis.

TOTAL RAND VALUE OF SHARES                 R443 445.26
SETTLED                                    Based on the share price at closing on the date of
                                           exercise of the options of R8.09.

NATURE AND EXTENT OF                       Direct, beneficial
INTEREST IN THE TRANSACTION


3.
 NAME OF DIRECTOR                         BC September

 COMPANY OF WHICH A                       Curro Holdings Limited
 DIRECTOR
 
 STATUS: EXECUTIVE/NON-EXECUTIVE          Executive 
 
 TYPE AND CLASS OF SECURITIES             Options in relation to ordinary shares

 NATURE OF TRANSACTION                    Exercise of options to acquire ordinary shares in
                                          terms of the Scheme and related after-tax net-
                                          equity settlement (off-market transaction).

 DATE OF EXERCISE OF OPTIONS              3 April 2023

 VESTING DATE OF OPTIONS                  31 March 2023
 EXERCISED                                The options were subject to performance
                                          conditions which was successfully achieved for the
                                          measurement period

 PERIOD OF EXERCISE                       Participants have a 6-month period from the
                                          vesting date during which options can be
                                          exercised

 OPTION STRIKE PRICE                      R Nil

 NUMBER OF OPTIONS                        37 373
 EXERCISED
 
 NUMBER OF SHARES SETTLED                 20 555 shares transferred to director by the Trust on
                                          an after-tax equity settlement basis

 TOTAL RAND VALUE OF SHARES               R166 289.95
 SETTLED                                  Based on the share price at closing on the date of
                                          exercise of the options of R8.09.

 NATURE AND EXTENT OF                     Direct, beneficial
 INTEREST IN THE TRANSACTION

To the extent required, clearance for the above was obtained in terms of paragraph 3.66 of
the JSE Limited Listings Requirements.

Durbanville
4 April 2023

Sponsor
PSG Capital

Date: 04-04-2023 05:40:00
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