TASTE HOLDINGS LIMITED - Acceptance of Options by Executive Directors and a Director of a Major Subsidiary

Acceptance of Options by Executive Directors and a Director of a Major Subsidiary

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste”)


ACCEPTANCE OF OPTIONS BY EXECUTIVE DIRECTORS AND A DIRECTOR OF A MAJOR SUBSIDIARY


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:


 Name of director:                            Mr Carlo Gonzaga
 Company:                                     Taste Holdings Limited
 Date of transaction:                         17 February 2017
 Nature of the transaction:                   Off market granting and acceptance of performance share
                                              options and retention share options in terms of the Taste
                                              Holdings Share Trust
 Class of securities:                         Options in respect of ordinary shares
                                              Performance share options        Retention share options
 Number of options granted:                   1 761 319                        759 189
 Option strike price:                         R1.85                            R0.00
 Total value of transaction:                  R3 258 440.15                    Not applicable
 Extent of director’s interest:               Direct beneficial
 Clearance to deal obtained:                  Yes



 Name of director:                            Mr Duncan Crosson
 Company:                                     Taste Holdings Limited
 Date of transaction:                         17 February 2017
 Nature of the transaction:                   Off market granting and acceptance of performance share
                                              options and retention share options in terms of the Taste
                                              Holdings Share Trust
 Class of securities:                         Options in respect of ordinary shares
                                              Performance share options        Retention share options
 Number of options granted:                   1 161 806                        505 133
 Option strike price:                         R1.85                            R0.00
 Total value of transaction:                  R2 149 341.10                    Not applicable
 Extent of director’s interest:               Direct beneficial
 Clearance to deal obtained:                  Yes



 Name of director:                            Mr Evangelos Tsatsarolakis
 Company:                                     Taste Holdings Limited
 Date of transaction:                         17 February 2017
 Nature of the transaction:                   Off market granting and acceptance of performance share
                                              options and retention share options in terms of the Taste
                                              Holdings Share Trust
 Class of securities:                         Options in respect of ordinary shares
                                              Performance share options        Retention share options
 Number of options granted:                   998 905                          434 307
 Option strike price:                          R1.85                            R0.00
 Total value of transaction:                   R1 847 974.25                    Not applicable
 Extent of director’s interest:                Direct beneficial
 Clearance to deal obtained:                   Yes



 Name of director:                             Mr Dean Divaris
 Company:                                      Arthur Kaplan Proprietary Limited, a major subsidiary of Taste
 Date of transaction:                          17 February 2017
 Nature of the transaction:                    Off market granting and acceptance of performance share
                                               options and retention share options in terms of the Taste
                                               Holdings Share Trust
 Class of securities:                          Options in respect of ordinary shares
                                               Performance share options        Retention share options
 Number of options granted:                    1 181 757                        504 216
 Option strike price:                          R1.85                            R0.00
 Total value of transaction:                   R2 186 250.45                    Not applicable
 Extent of director’s interest:                Direct beneficial
 Clearance to deal obtained:                   Yes



The information below relates to all the options:


  Period of exercise:                           The options are exercisable in one third tranches from the third
                                                anniversary of the grant date onwards over a 5 year period. If
                                                the options have not been exercised in their entirety within 6
                                                years from the grant date, the unexercised portion thereof shall
                                                automatically lapse.

  Strike dates:                                 17 February 2020, 17 February 2021, 17 February 2022

  Performance share options:                    The number of performance share options that ultimately vest
                                                will range between 0% and 180% of the granted number of
                                                performance share options based on the director’s
                                                performance against financial and personal targets measured
                                                over a three year rolling period to the vesting dates.


Johannesburg
21 February 2017

Sponsor
Merchantec Capital

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