DENEB INVESTMENTS LIMITED - Acceptance Of Options Granted In Terms Of The Deneb Investments Employee Share Scheme

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                 29 June 2022
 OPTION STRIKE PRICE (CENTS)                     211
 NUMBER OF OPTIONS ALLOCATED                     2,116,260
 TOTAL RAND VALUE OF OPTIONS                     R4,465,308.60
 VESTING DATES OF OPTIONS                        The options will vest in 4 tranches, on the
                                                 following dates:
                                                 10% from 29 June 2023
                                                 20% from 29 June 2024
                                                 30% from 29 June 2025
                                                 40% from 29 June 2026
 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                                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                 29 June 2022
 OPTION STRIKE PRICE (CENTS)                     211
 NUMBER OF OPTIONS ALLOCATED                     966,126
 TOTAL RAND VALUE OF OPTIONS                     R2,038,525.86
 VESTING DATES OF OPTIONS                        The options will vest in 4 tranches, on the
                                                 following dates:
                                                 10% from 29 June 2023
                                                 20% from 29 June 2024
                                                 30% from 29 June 2025
                                                 40% from 29 June 2026
 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
30 June 2022

Sponsor
PSG Capital

Date: 30-06-2022 04:00:00
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