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PSG FINANCIAL SERVICES LIMITED - Exercise of options by directors in terms of the PSG Group Limited supplementary share incentive trust

Release Date: 31/08/2012 13:08
Code(s): PGFP PSG     PDF:  
Wrap Text
Exercise of options by directors in terms of the PSG Group Limited supplementary share incentive trust

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

EXERCISE OF OPTIONS BY DIRECTORS      IN    TERMS   OF   THE   PSG   GROUP   LIMITED
SUPPLEMENTARY SHARE INCENTIVE TRUST

In compliance with rules 3.63 to 3.74 of the JSE                Limited      Listings
Requirements, the following information is disclosed:

1.
  NAME OF DIRECTOR                    PJ Mouton
  COMPANY OF WHICH I AM A DIRECTOR    PSG Group Limited
  STATUS:EXECUTIVE/NON-EXECUTIVE      Executive
  TYPE OF SECURITIES                  Shares
  CLASS OF SECURITIES                 Ordinary
  DATE OF TRANSACTION                 31 August 2012
  OPTION STRIKE PRICE                 R18.7703
  NUMBER OF OPTIONS EXERCISED         40 827
  TOTAL RAND VALUE OF OPTIONS         R766 335.04
  STRIKE DATE OF OPTIONS              28 August 2012
  PERIOD OF EXERCISE                  Participants have a 30 day
                                      period from the strike date
                                      during which options can be
                                      exercised
 NAME OF ASSOCIATE                    Piet Mouton Trust
 RELATIONSHIP WITH DIRECTOR           Director is trustee and
                                      beneficiary of associate
 NATURE OF TRANSACTION                Acquisition of shares in PSG
                                      Group through the exercise of
                                      options(Off-market transaction)
 NATURE AND EXTENT OF INTEREST IN     Indirect, Beneficial
 THE TRANSACTION
 CLEARANCE OBTAINED                   Yes

2.
  NAME OF DIRECTOR                    WL Greeff
  COMPANY OF WHICH I AM A DIRECTOR    PSG Group Limited
  STATUS:EXECUTIVE/NON-EXECUTIVE      Executive
  TYPE OF SECURITIES                  Shares
  CLASS OF SECURITIES                 Ordinary
  DATE OF TRANSACTION                 31 August 2012
  OPTION STRIKE PRICE                 R18.7703
  NUMBER OF OPTIONS EXERCISED         49 205
  TOTAL RAND VALUE OF OPTIONS         R923 592.61
  STRIKE DATE OF OPTIONS              28 August 2012
  PERIOD OF EXERCISE                  Participants have a 30 day
                                      period from the strike date
                                      during which options can be
                                      exercised
 NAME OF ASSOCIATE                    Wynand Greeff Trust
 RELATIONSHIP WITH DIRECTOR           Director is trustee and
                                      beneficiary of associate
 NATURE OF TRANSACTION                Acquisition of shares in PSG
                                     Group through the exercise of
                                     options(Off-market transaction)
 NATURE AND EXTENT OF INTEREST IN    Indirect, Beneficial
 THE TRANSACTION
 CLEARANCE OBTAINED                  Yes

3.
  NAME OF DIRECTOR                   JA Holtzhausen
  COMPANY OF WHICH I AM A DIRECTOR   PSG Group Limited
  STATUS:EXECUTIVE/NON-EXECUTIVE     Executive
  TYPE OF SECURITIES                 Shares
  CLASS OF SECURITIES                Ordinary
  DATE OF TRANSACTION                31 August 2012
  OPTION STRIKE PRICE                R18.7703
  NUMBER OF OPTIONS EXERCISED        42 789
  TOTAL RAND VALUE OF OPTIONS        R803 162.37
  STRIKE DATE OF OPTIONS             28 August 2012
  PERIOD OF EXERCISE                 Participants have a 30 day
                                     period from the strike date
                                     during which options can be
                                     exercised
 NATURE OF TRANSACTION               Acquisition of shares in PSG
                                     Group through the exercise of
                                     options(Off-market transaction)
 NATURE AND EXTENT OF INTEREST IN    Direct, Beneficial
 THE TRANSACTION
 CLEARANCE OBTAINED                  Yes

4.
  NAME OF DIRECTOR                   B van der Linde
  COMPANY OF WHICH I AM A DIRECTOR   Curro Holdings Limited (major
                                     subsidiary of PSG Group)
 STATUS:EXECUTIVE/NON-EXECUTIVE      Executive
 TYPE OF SECURITIES                  Shares
 CLASS OF SECURITIES                 Ordinary
 DATE OF TRANSACTION                 31 August 2012
 OPTION STRIKE PRICE                 R18.7703
 NUMBER OF OPTIONS EXERCISED         11 930
 TOTAL RAND VALUE OF OPTIONS         R223 929.68
 STRIKE DATE OF OPTIONS              28 August 2012
 PERIOD OF EXERCISE                  Participants have a 30 day
                                     period from the strike date
                                     during which options can be
                                     exercised
 NATURE OF TRANSACTION               Acquisition of shares in PSG
                                     Group through the exercise of
                                     options(Off-market transaction)
 NATURE AND EXTENT OF INTEREST IN    Direct, Beneficial
 THE TRANSACTION
 CLEARANCE OBTAINED                  Yes

Clearance to deal in these shares was obtained in accordance with rule
3.66 of the JSE Listings Requirements.

Stellenbosch
31 August 2012
Sponsor
PSG Capital

Date: 31/08/2012 01:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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