PSG GROUP LIMITED - Acceptance Of Share Options By PSG Group Directors In Terms Of The PSG Group Supplementary Share Incentive Trust

Acceptance Of Share Options By PSG Group Directors In Terms Of The PSG Group Supplementary Share Incentive Trust

PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG Group”)

ACCEPTANCE OF SHARE OPTIONS BY PSG GROUP DIRECTORS IN TERMS OF THE PSG
GROUP LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST (“SIT”)

The following share option awards were accepted in terms of the SIT:

NAMES OF DIRECTORS             PJ Mouton                         (1)
                               WL Greeff                         (2)
                               JA Holtzhausen                    (3)
COMPANY OF WHICH WE ARE        PSG Group Limited
DIRECTORS
STATUS: EXECUTIVE/NON-         Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES   Share options to acquire
                               ordinary shares
DATE OF AWARD                  28 February 2020
DATE OF ACCEPTANCE             28 February 2020
OPTION STRIKE PRICE            R213.71 (PSG Group’s 30-day
                               volume weighted average traded
                               price at 28 February 2020)
NUMBER OF OPTIONS ACCEPTED     183 503                           (1)
                               131 082                           (2)
                               131 084                           (3)
TOTAL STRIKE PRICE OF          R39 216 426.13                    (1)
OPTIONS                        R28 013 534.22                    (2)
                               R28 013 961.64                    (3)
VESTING DATE OF OPTIONS        Vesting in tranches of 25% each
                               on the 2nd, 3rd, 4th and 5th
                               anniversary of the award,
                               subject to meeting financial
                               and non-financial performance
                               conditions
NATURE OF TRANSACTION          Acceptance of award of options
                               to acquire ordinary shares in
                               terms of a share incentive
                               scheme
NATURE AND EXTENT OF           Direct, beneficial
INTEREST IN THE TRANSACTION

Clearance to accept these share option awards was obtained in accordance
with paragraph 3.66 of the JSE Listings Requirements.

Stellenbosch
2 March 2020

Sponsor
PSG Capital

Date: 02-03-2020 05:10:00
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