To view the PDF file, sign up for a MySharenet subscription.

IMPERIAL HOLDINGS LIMITED - Vesting of Rights and Shares in Terms of Share Incentive Schemes which were Awarded in 2010

Release Date: 17/09/2013 16:15
Code(s): IPL     PDF:  
Wrap Text
Vesting of Rights and Shares in Terms of Share Incentive Schemes which were Awarded in 2010

Imperial Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
("Imperial")

VESTING OF RIGHTS AND SHARES IN TERMS OF SHARE INCENTIVE SCHEMES WHICH WERE
AWARDED IN 2010

In compliance with the Listings Requirements of the JSE Limited the
following information is provided:

Vesting on 16 September 2013 of Share Appreciation Rights (SAR) at a
strike price of R96.71 per SAR and vesting of no consideration matching
ordinary shares in terms of Deferred Bonus Plan (DBP) at a price of R218.60
per share.

Due to the partial fulfilment of the related performance conditions, 98.17%
of SAR vested.

DBP shares were acquired by scheme participants in 2010 on the open
market at the then ruling price with their after tax bonus. Upon vesting,
matching ordinary shares are awarded at no further consideration.


Director:                                           OS Arbee
Nature and extent of
interest in transaction:                            Direct/beneficial
Number of matching DBP shares vested:               14 719
Number of matching DBP shares to be
Delivered              :                            14 719
Total value of transaction:                         R3 217 573.40
Number of SAR vested                                55 302

Director:                                           HR Brody
Nature and extent of
interest in transaction:                            Direct/beneficial
Number of matching DBP shares vested:               19 824
Number of matching DBP shares to be
delivered (net of tax):                             11 894
Total value of transaction:                         R4 333 526.40
Number of SAR vested                                90 847

Director:                                           MP de Canha
Nature and extent of
interest in transaction:                            Direct/beneficial
Number of matching DBP shares vested:               19 374
Number of matching DBP shares to be
Delivered:                                          19 374
Total value of transaction:                         R4 235 156.40
Number of SAR vested                                59 172

Director:                                           RL Hiemstra
Nature and extent of
interest in transaction:                            Direct/beneficial
Number of matching DBP shares vested:               15 860
Number of matching DBP shares to be
delivered (net of tax):                             9 516
Total value of transaction:                         R3 466 996.00
Number of SAR vested                                55 276
Director:                                           M Swanepoel
Nature and extent of
interest in transaction:                            Direct/beneficial
Number of matching DBP shares vested:                9 912
Number of matching DBP shares to be
delivered (net of tax):                              5 947
Total value of transaction:                          R2 166 763.20
Number of SAR vested:                                52 347

Company secretary:                                  RA Venter
Nature and extent of
interest in transaction:                            Direct/beneficial
Number of matching DBP shares vested:                5 947
Number of matching DBP shares to be
delivered (net of tax):                              3 568
Total value of transaction:                          R1 300 014.20
Number of SAR vested:                                31 925


Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained. All trades were done off-market.

Company Secretary
RA Venter

Sponsor:
Merrill Lynch SA (Pty) Limited
Date:
17 September 2013

Date: 17/09/2013 04:15:00 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.

Share This Story