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KEH - Keaton Energy Holdings Limited - Award and acceptance of share appreciation rights Keaton Energy Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2006/011090/06) JSE share code: KEH ISIN: ZAE000117420 ("Keaton Energy" or "the Company") AWARD AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information is disclosed: Executive director: PBM Miller Offer date: 24 August 2011 Number of notional shares: 1 955 433 Offer price per notional share: R2-52 Value: R4 927 691.16 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award Certificate. To be exercised by no later than the sixth anniversary of the Offer date.
Extent of interest: Direct beneficial Nature of transaction: Notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Incentive
Scheme (off market) Clearance to deal obtained: Yes Executive director: AB Glad Offer date: 24 August 2011 Number of notional shares: 1 135 559 Offer price per notional share: R2-52 Value: R2 861 608.68 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award Certificate. To be exercised by no later than the sixth anniversary of the Offer date.
Extent of interest: Direct beneficial Nature of transaction: Notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Incentive
Scheme (off market) Clearance to deal obtained: Yes Executive director: JG Schonfeldt Offer date: 24 August 2011 Number of notional shares: 1 161 968 Offer price per notional share: R2-52 Value: R2 928 159.36 Vesting conditions: Subject to a Minimum Employment Period (three years) and certain performance targets as noted on the Bonus Award Certificate. To be exercised by no later than the sixth anniversary of the Offer date.
Extent of interest: Direct beneficial Nature of transaction: Notional shares (share appreciation rights) awarded and accepted in terms of the Keaton Energy Long-Term Performance Incentive
Scheme (off market) Clearance to deal obtained: Yes Bryanston 1 September 2011 Sponsor Nedbank Capital Date: 01/09/2011 17:00:02 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.
