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Exercise and Related Net-Equity Settlement of Share Options in Terms of the Zeder Group Share Incentive Trust
ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/019240/06
Share code: ZED
ISIN: ZAE000088431
LEI code: 37890022AF5FD117D649
("Zeder" or "the Company")
EXERCISE AND RELATED NET-EQUITY SETTLEMENT OF SHARE OPTIONS IN TERMS
OF THE ZEDER GROUP SHARE INCENTIVE TRUST (“SIT”)
Upon the exercise of the share options referred to below, Zeder elected to settle same on a
net-equity basis through the award of shares as detailed below:
NAME OF DIRECTOR JH le Roux
COMPANY OF WHICH A DIRECTOR Zeder Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R0.17 (1)
R1.66 (2)
R1.23 (3)
R0.98 (4)
R(0.41) (5)
R(0.61) (6)
R(0.49) (7)
NUMBER OF OPTIONS EXERCISED 93 279 (1)
446 760 (2)
289 941 (3)
289 941 (4)
875 863 (5)
875 863 (6)
548 234 (7)
EXERCISE DATE OF OPTIONS After close of business on 30 August 2022
(1) – (7)
PERIOD OF EXERCISE The 180-day exercise period from the
vesting date of 28 February 2021 and
28 February 2022, respectively, was
previously extended to 31 August 2022, in
terms of the SIT deed as the Company
had been in a prolonged prohibited
period, as defined under the JSE Limited
Listings Requirements, and in the
discretion of Zeder’s Remuneration
Committee (1) – (7)
NAME OF ASSOCIATE Bakenskraal Investments Proprietary
Limited (1) – (7)
RELATIONSHIP WITH DIRECTOR Director is a director of the associate, as
well as a trustee and beneficiary of the
shareholder of the associate
NATURE OF TRANSACTION Exercise of share options by the director
at the last traded share price of R1.80 per
share on 30 August 2022, and related
after-tax net-equity settlement by way of
the award of 1 808 381 shares to the
director, with such shares to be
transferred by the director to his associate
for an amount equal to the R1.80 per
share (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION
Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Limited
Listings Requirements.
During the current financial year, the above strike prices were adjusted pursuant to Zeder’s
unbundling, in April 2022, of its entire Kaap Agri Ltd shareholding and Zeder’s payment of a
special dividend in May 2022, such adjustment having occurred in terms of clause 26 of the
SIT deed, in accordance with the provisions of the scheme.
Stellenbosch
31 August 2022
Sponsor Independent Joint Sponsor
PSG Capital Tamela Holdings
Date: 31-08-2022 05:35:00
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