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KAP INTERNATIONAL HOLDINGS LIMITED - Dealings in Company Shares

Release Date: 11/12/2012 16:33
Code(s): KAP
Wrap Text
Dealings in Company Shares

KAP INTERNATIONAL HOLDINGS LTD
(Incorporated in the Republic of South Africa)
Registration number: 1978/000181/06
Share Code: KAP
ISIN: ZAE 000059564
(“KAP” or “the Company”)

DEALINGS IN COMPANY SHARES

1.   Vesting of Share Appreciation Rights allocated in 2009
     The 2009 allocation of share appreciation rights issued under
     the KAP Performance Share Plan (“the KAP PSP”) vested with
     effect from 1 December 2012. Pursuant to this vesting, the
     following director of KAP received ordinary shares of no par
     value in KAP in accordance with the provisions of the KAP
     PSP:



     NAME OF DIRECTOR               JP Haveman

     COMPANY                        KAP International Holdings
                                    Limited
     STATUS                         Executive Director
     TYPE OF SECURITIES             Ordinary shares of no par
                                    value
     DATE OF TRANSACTION            1 December 2012
     NATURE OF TRANSACTION          Vesting of share
                                    appreciation rights (off-
                                    market)
     CENTS PER SHARE                315*
     NUMBER OF SECURITIES           592 454
     TOTAL RAND VALUE OF            R 1 866 230.10
     SECURITIES
     NATURE AND EXTENT OF           Direct beneficial
     DIRECTOR’S INTEREST IN THE
     TRANSACTION


* Based on closing price of KAP shares as at 30 November 2012.

Prior clearance to deal in the Company’s shares was obtained in
compliance with paragraph 3.66 of the listings requirements of
the JSE Limited.
2.   Sale of KAP shares by director to satisfy taxation
     obligations and associated costs pursuant to the vesting of
     share appreciation rights under the KAP PSP.

Pursuant to    the receipt of the shares disclosed at paragraph 1
above, the    following shares were sold to satisfy the taxation
obligations    arising from the receipt of the said shares, and
associated    costs:


     NAME OF DIRECTOR              JP Haveman
     COMPANY                       KAP    International   Holdings
                                   Limited
     STATUS                        Executive Director
     TYPE OF SECURITIES            Ordinary shares of no par value

     DATE OF TRANSACTION           10 December 2012
     CENTS PER SHARE               315
     NUMBER OF SECURITIES          260 500
     TRANSACTED
     TOTAL RAND VALUE OF           R820 575.00
     SECURITIES
     NATURE OF TRANSACTION         Sale
     NATURE AND EXTENT OF          Direct beneficial
     DIRECTOR’S INTEREST IN THE
     TRANSACTION
     CONFIRMATION THAT CLEARANCE   Yes
     HAS BEEN GIVEN IN TERMS OF
     PARAGRAPH 3.66
     DATE OF CONFIRMATION          10 December 2012




The above transaction was undertaken off-market and prior
clearance to deal in the Company’s shares was obtained in
compliance with KAP’s policy on insider trading and paragraph
3.66 of the listings requirements of the JSE Limited.

3.   Grant of share rights under the new KAP Performance Share
     Rights Scheme (“the 2012 Scheme”).

At the annual general meeting held on 14 November 2012,
shareholders approved the adoption of the 2012 Scheme, details of
which were contained in the notice to shareholders of the annual
general meeting .
Off-market grants of share rights over ordinary shares of no par
value in KAP at R0.20 (twenty cents) per share were made on 10
December 2012 to senior executives.    These share rights, which
are held directly and beneficially, shall mature on or about the
third anniversary of the grant date. Vesting will however be
subject to the relevant performance criteria being met.
Directors of the Company and of major subsidiaries were granted
the following number of rights:

3.1   NAME OF DIRECTOR           KJ Grové
      COMPANY                    KAP international Holdings
                                 Limited
      STATUS                     Executive Director
      CENTS PER SHARE            20
      NUMBER OF SECURITIES       2 377 036

      TOTAL RAND VALUE           R475 407.20


3.2   NAME OF DIRECTOR           JP Haveman
      COMPANY                    KAP International Holdings
                                 Limited
      STATUS                     Executive Director
      CENTS PER SHARE            20
      NUMBER OF SECURITIES       841 373

      TOTAL RAND VALUE           R 168 274.60


3.3   NAME OF DIRECTOR           FW Wagner
      COMPANY                    Unitrans Supply Chain
                                 Solutions Proprietary Limited
      STATUS                     Executive Director
      CENTS PER SHARE            20
      NUMBER OF SECURITIES       1 051 716

      TOTAL RAND VALUE           R 210 343.20


3.4   NAME OF DIRECTOR           T R Nel
      COMPANY                    Unitrans Supply Chain
                                 Solutions Proprietary Limited
      STATUS                     Executive Director
      CENTS PER SHARE            20
      NUMBER OF SECURITIES       637 039

      TOTAL RAND VALUE           R127 407.80
3.5   NAME OF DIRECTOR       C E Howes
      COMPANY                Unitrans Supply Chain
                             Solutions Proprietary Limited
      STATUS                 Executive Director
      CENTS PER SHARE        20
      NUMBER OF SECURITIES   690 495

      TOTAL RAND VALUE       R138 099.00


3.6   NAME OF DIRECTOR       G N Chaplin
      COMPANY                PG Bison Holdings Proprietary
                             Limited
      STATUS                 Executive Director
      CENTS PER SHARE        20
      NUMBER OF SECURITIES   1 125 336

      TOTAL RAND VALUE       R225 067.20


3.7   NAME OF DIRECTOR       FH Olivier
      COMPANY                PG Bison Holdings Proprietary
                             Limited

      STATUS                 Executive Director
      CENTS PER SHARE        20
      NUMBER OF SECURITIES   472 877

      TOTAL RAND VALUE       R94 575.40


3.8   NAME OF DIRECTOR       G Victor
      COMPANY                PG Bison Holdings Proprietary
                             limited
      STATUS                 Executive Director
      CENTS PER SHARE        20
      NUMBER OF SECURITIES   563 656

      TOTAL RAND VALUE       R112 731.20


3.9   NAME OF DIRECTOR       G W Miller
      COMPANY                PG Bison Holdings Proprietary
                             Limited
      STATUS                 Executive Director
      CENTS PER SHARE        20
      NUMBER OF SECURITIES   216 375

      TOTAL RAND VALUE       R43 275.00
3.10 NAME OF DIRECTOR      P J Roux
     COMPANY               PG Bison Holdings Proprietary
                           Limited
    STATUS                 Executive Director
    CENTS PER SHARE        20
    NUMBER OF SECURITIES   288 430

    TOTAL RAND VALUE       R57 686.00


3.11 NAME OF DIRECTOR      T Siyolo
     COMPANY               PG Bison Holdings Proprietary
                           Limited
    STATUS                 Executive Director
    CENTS PER SHARE        20
    NUMBER OF SECURITIES   377 650

    TOTAL RAND VALUE       R 75 530.00


3.12 NAME OF DIRECTOR      N Boshoff
     COMPANY               Unitrans Passenger Proprietary
                           Limited
    STATUS                 Executive Director
    CENTS PER SHARE        20
    NUMBER OF SECURITIES   1 009 647

    TOTAL RAND VALUE       R201 929.40


3.13 NAME OF DIRECTOR      V Kisten
     COMPANY               Unitrans Passenger Proprietary
                           Limited
    STATUS                 Executive Director
    CENTS PER SHARE        20
    NUMBER OF SECURITIES   384 549

    TOTAL RAND VALUE       R76 909.80


3.14 NAME OF DIRECTOR      W L Nelson
     COMPANY               Unitrans Passenger Proprietary
                           Limited
    STATUS                 Executive Director
    CENTS PER SHARE        20
    NUMBER OF SECURITIES    337 933

    TOTAL RAND VALUE       R67 586.60
3.15 NAME OF DIRECTOR               LP Engelbrecht
     COMPANY                        Unitrans Passenger
                                    Proprietary Limited
     STATUS                         Executive Director
     CENTS PER SHARE                20
     NUMBER OF SECURITIES           324 762

     TOTAL RAND VALUE               R64 952.40


Prior clearance to deal in the Company’s shares was obtained in
compliance with paragraph 3.66 of the listings requirements of the
JSE Limited.

By order of the Board
Steinhoff Africa Secretarial Services Proprietary Limited
Company Secretary
11 December 2012
Sponsor: PSG Capital Proprietary Limited.

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