THE PIVOTAL FUND LIMITED - Dealings in securities by directors of pivotal and by an associate of a director of Pivotal

Dealings in securities by directors of pivotal and by an associate of a director of Pivotal

THE PIVOTAL FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06)
JSE share code: PIV ISIN: ZAE000196440
(“Pivotal” or “the company”)


DEALINGS IN SECURITIES BY DIRECTORS OF PIVOTAL AND BY AN ASSOCIATE OF A DIRECTOR OF PIVOTAL


Shareholders are advised of the following information relating to the award of shares which shares were awarded as a
once-off pre-listing award to directors and to an associate of a director of Pivotal as set out in the company’s
prospectus on the basis set out below:

Name of director:                                     Aaron Suckerman
Date of vesting:                                      25 February 2015
Number share awarded:                                 31 277
Award price:                                          R15.50
Value of transaction:                                 R484 793.50
Class of securities:                                  Ordinary shares
Vesting period:                                       33% of 93 841, being the total amount of shares awarded, in
                                                      three tranches with the first tranche having vested on
                                                      25 February 2015
Nature of transaction:                                Off-market vesting of shares
Nature and extent of director’s interest:             Direct beneficial
Clearance to deal received:                           Yes

Name of director:                                    Jackie van Niekerk
Date of vesting:                                     25 February 2015
Number share awarded:                                56 419
Award price:                                         R15.50
Value of transaction:                                R874 494.50
Class of securities:                                 Ordinary shares
Vesting period:                                      33% of 170 968, being the total amount of shares awarded,
                                                     in three tranches with the first tranche having vested on 25
                                                     February 2015
Nature of transaction:                               Off-market vesting of shares
Nature and extent of director’s interest:            Direct beneficial
Clearance to deal received:                          Yes

Name of associate:                                   Chris Neser
Name of director:                                    Thys Neser
Relationship to director:                            Son
Date of vesting:                                     25 February 2015
Number share awarded:                                5 376
Award price:                                         R15.50
Value of transaction:                                R83 328.00
Class of securities:                                 Ordinary shares
Vesting period:                                      33% of 16 129, being the total amount of shares awarded, in
                                                     three tranches with the first tranche having vested on 25
                                                     February 2015
Nature of transaction:                               Off-market vesting of shares
Nature and extent of director’s interest:            Not applicable


Shareholders are further advised of the following information relating to the dealing in securities by directors and an
associate of a director of Pivotal:

Name of director:                                       Aaron Suckerman
Transaction date:                                       25 February 2015
Class of securities:                                    Ordinary shares
Number of securities:                                   12 982
Price per security:                                     R18.06
Total value:                                            R234 454.92
Nature of transaction:                                  On-market sale of shares in order to settle the related tax
                                                        obligations
Nature and extent of director’s interest:               Direct beneficial
Clearance to deal received:                             Yes

Name of director:                                       Jackie van Niekerk
Transaction date:                                       25 February 2015
Class of securities:                                    Ordinary shares
Number of securities:                                   23 651
Highest traded price per security:                      R18.50
Weighted average price per security:                    R18.0977
Lowest traded price per security:                       R18.06
Total value:                                            R428 028.70
Nature of transaction:                                  On-market sale of shares in order to settle the related tax
                                                        obligations
Nature and extent of director’s interest:               Direct beneficial
Clearance to deal received:                             Yes

Name of associate:                                      Chris Neser
Name of director:                                       Thys Neser
Relationship to director:                               Son
Transaction date:                                       25 February 2015
Class of securities:                                    Ordinary shares
Number of securities:                                   2 232
Price per security:                                     R18.30
Total value:                                            R40 845.60
Nature of transaction:                                  On-market sale of shares in order to settle the related tax
                                                        obligations
Nature and extent of director’s interest:               Not applicable

27 February 2015


Sponsor
Java Capital
Date: 27/02/2015 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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