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DGC - Digicore Holdings Limited - Allocation of options in terms of the Digicore staff share incentive trust scheme DIGICORE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/012601/06) Share Code: DGC ISIN Number: ZAE000016945 ("DigiCore" or "the Company") ALLOCATION OF OPTIONS IN TERMS OF THE DIGICORE STAFF SHARE INCENTIVE TRUST SCHEME In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: 1. NAME OF DIRECTOR BC Esterhuyzen COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of DigiCore CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 2 450 000 TOTAL RAND VALUE OF OPTIONS R7 227 500 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014 100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme
(off-market transaction) 2. NAME OF DIRECTOR D du Rand COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore
CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 700 000 TOTAL RAND VALUE OF OPTIONS R2 065 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014
100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in
terms of a share incentive scheme (off-market transaction) 3. NAME OF DIRECTOR MD Rousseau COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of
Digicore CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 1 200 000 TOTAL RAND VALUE OF OPTIONS R3 540 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013
70% from 14 March 2014 100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which
options can be exercised NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme (off-market transaction) 4. NAME OF DIRECTOR FJ Schindehutte COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 800 000 TOTAL RAND VALUE OF OPTIONS R2 360 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014 100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme (off-market transaction)
5. NAME OF DIRECTOR JC Mostert SUBSIDIARY COMPANY OF WHICH I AM A DigiCore Electronics (Pty) Ltd DIRECTOR STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore
CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 500 000 TOTAL RAND VALUE OF OPTIONS R1 475 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014
100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in
terms of a share incentive scheme (off-market transaction) 6. NAME OF DIRECTOR J Verster SUBSIDIARY COMPANY OF WHICH I AM A DigiCore Electronics (Pty) Ltd DIRECTOR STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 1 000 000 TOTAL RAND VALUE OF OPTIONS R2 950 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014 100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme (off-market transaction)
7. NAME OF DIRECTOR HF Jordt MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty) AM A DIRECTOR Ltd STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore
CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 500 000 TOTAL RAND VALUE OF OPTIONS R1 475 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014
100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in
terms of a share incentive scheme (off-market transaction) 8. NAME OF DIRECTOR MW Hill MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty) AM A DIRECTOR Ltd STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 250 000 TOTAL RAND VALUE OF OPTIONS R737 500 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014 100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme (off-market transaction)
9. NAME OF DIRECTOR DA Nieuwoudt MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty) AM A DIRECTOR Ltd & C-track (SA) (Pty) Ltd STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore
CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 200 000 TOTAL RAND VALUE OF OPTIONS R590 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014
100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in
terms of a share incentive scheme (off-market transaction) 10. NAME OF DIRECTOR E Fichardt MAJOR SUBSIDIARY COMPANY OF WHICH I C-track (SA) (Pty) Ltd AM A DIRECTOR STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 500 000 TOTAL RAND VALUE OF OPTIONS R1 475 000 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014 100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in terms of a share incentive scheme (off-market transaction)
11. NAME OF DIRECTOR L Nortje MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty) AM A DIRECTOR Ltd and C-track (SA) (Pty) Ltd STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE OF SECURITIES Options to subscribe for ordinary shares in the share capital of Digicore
CLASS OF SECURITIES Ordinary DATE OF SHARE OPTION ACCEPTANCE 14 March 2011 OPTION STRIKE PRICE (CENTS) 295 NUMBER OF OPTIONS ALLOCATED 50 000 TOTAL RAND VALUE OF OPTIONS R147 500 STRIKE DATES OF OPTIONS* 20% from 14 March 2012 40% from 14 March 2013 70% from 14 March 2014
100% from 14 March 2015 PERIOD OF EXERCISE Participants have a 10 year period from the strike date during which options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial TRANSACTION NATURE OF TRANSACTION Allocation and acceptance of options to subscribe for ordinary shares in
terms of a share incentive scheme (off-market transaction) * Options granted under the scheme and accepted by beneficiaries will vest at a rate of 20% on each of the first and second anniversaries of the option date and at a rate of 30% on each of the third and fourth anniversaries of the option date. As a result of the fact that the trustees awarded the options to participants, but same is not exercised, no clearance was required as contemplated in Rule 3.66 of the Listings Requirements of the JSE Limited. 15 March 2011 Sponsor PSG Capital (Pty) Limited Date: 16/03/2011 07:05:41 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
