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PEREGRINE HOLDINGS LIMITED - Dealing in securities by directors (and their associates) of Peregrine and its subsidiaries

Release Date: 18/09/2013 16:00
Code(s): PGR     PDF:  
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Dealing in securities by directors (and their associates) of Peregrine and its subsidiaries

PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
JSE code: PGR ISIN code: ZAE000078127
(“Peregrine” or “the company”)


DEALING IN SECURITIES BY DIRECTORS (AND THEIR ASSOCIATES) OF PEREGRINE AND ITS
SUBSIDIARIES


Shareholders are advised of the following information relating to –

      i.     the sale by an associate of a director of Peregrine to the Citadel Employee Share Incentive Scheme (of
             which trust two Peregrine directors, Sean Melnick and Mandy Yachad are the trustees) which share trust
             has purchased such shares in order to incentivise executives and employees within the Citadel group in
             terms of the Citadel Long Term Incentive Scheme and the allocation of certain of such shares to directors
             of the Citadel group, which shares will only vest on 31 March 2018; and
      ii.    other dealings in shares by associates of directors of Peregrine and its subsidiaries


Name of associate:                               PGR2 Investments Proprietary Limited
Name of and relationship to director:            Sean Alan Melnick, a director of PGR2 Investments Proprietary
                                                 Limited and a trustee and beneficiary of the Stellenberg Trust, which
                                                 owns 100% of PGR 2 Investments Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            10 000 000
Price per security:                              R10.65
Total value:                                     R106 500 000.00
Nature of transaction:                           Off-market sale to the Citadel Share Incentive Trust

Name of associate:                               Citadel Employee Share Incentive Scheme
Name of and relationship to director:            Sean Alan Melnick and Mandy Yachad both of whom are trustees of
                                                 the Citadel Employee Share Incentive Scheme
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            10 000 000
Price per security:                              R10.65
Total value:                                     R106 500 000.00
Nature of transaction:                           Off-market purchase

Name of director:                                Andrew Pierre Moller
Name of subsidiary:                              Citadel Holdings Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            400 000
Nature of transaction:                           Allocation of shares in terms of the Citadel Long Term Incentive
                                                 Scheme which shares will only vest, subject to the fulfilment of
                                                 certain conditions, on 31 March 2018
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Petrus Arnoldus Swart
Name of subsidiary:                              Citadel Holdings Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            400 000
Nature of transaction:                           Allocation of shares in terms of the Citadel Long Term Incentive
                                                 Scheme which shares will only vest, subject to the fulfilment of
                                                 certain conditions, on 31 March 2018
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Barend Mattheus Griesel
Name of subsidiary:                              Citadel Investment Services Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            400 000
Nature of transaction:                           Allocation of shares in terms of the Citadel Long Term Incentive
                                                 Scheme which shares will only vest, subject to the fulfilment of
                                                 certain conditions, on 31 March 2018
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Andries Willem du Toit
Name of subsidiary:                              Citadel Investment Services Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            400 000
Nature of transaction:                           Allocation of shares in terms of the Citadel Long Term Incentive
                                                 Scheme which shares will only vest, subject to the fulfilment of
                                                 certain conditions, on 31 March 2018
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Andrew Ian Finlayson
Name of subsidiary:                              Citadel Investment Services Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            200 000
Nature of transaction:                           Allocation of shares in terms of the Citadel Long Term Incentive
                                                 Scheme which shares will only vest, subject to the fulfilment of
                                                 certain conditions, on 31 March 2018
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of director:                                Marina Knox
Name of subsidiary:                              Citadel Investment Services Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            200 000
Nature of transaction:                           Allocation of shares in terms of the Citadel Long Term Incentive
                                                 Scheme which shares will only vest, subject to the fulfilment of
                                                 certain conditions, on 31 March 2018
Nature and extent of director’s interest:        Direct beneficial
Clearance to deal received:                      Yes

Name of associate:                               PGR2 Investments Proprietary Limited
Name of director:                                Sean Alan Melnick, a director of PGR2 Investments Proprietary
                                                 Limited and a trustee and beneficiary of the Stellenberg Trust, which
                                                 owns 100% of PGR 2 Investments Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            3 000 000
Nature of transaction:                           Purchase of call options (at a strike price of R14.12) and sale of put
                                                 options (at a strike price of R9.00) in respect of 3 000 000 Peregrine
                                                 shares in 15 equal tranches of 200 000 each, with weekly expiry dates
                                                 from 10 October 2013 to 16 January 2014, previously written in
                                                 terms of the zero cost collar hedge announced on SENS on 30
                                                 November 2011

Name of associate:                               PGR2 Investments Proprietary Limited
Name of director:                                Sean Alan Melnick, a director of PGR2 Investments Proprietary
                                                 Limited and a trustee and beneficiary of the Stellenberg Trust, which
                                                 owns 100% of PGR 2 Investments Proprietary Limited
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            3 000 000
Nature of transaction:                           Zero cost collar hedge over 3 000 000 Peregrine shares in 15 equal
                                                 tranches of 200 000 each with, in each case, a put strike price of
                                                 R10.90 and a call strike price of R18.77 and with weekly expiry dates
                                                 from 31 July 2015 to 6 November 2015

Name of associate:                               Hampden Capital Proprietary Limited
Name of and relationship to director:            Warren Hampden Chapman, a director of Peregrine Securities
                                                 Proprietary Limited and Hampden Capital Proprietary Limited and a
Transaction date:                                trustee and beneficiary of the San Michelle Trust, which owns 100%
                                                 of Hampden Capital Proprietary Limited
                                                 16 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            100 000
Price per security:                              R12.20
Total value:                                     R1 220 000.00
Nature of transaction:                           On market purchase

Name of associate:                               Angela Frances Chapman
Name of director:                                Warren Hampden Chapman
Name of subsidiary:                              Peregrine Securities Proprietary Limited
Relationship of associate to director:           Wife
Transaction date:                                16 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            35 000
Price per security:                              R12.20
Total value:                                     R427 000.00
Nature of transaction:                           On market purchase

Name of associate:                               The Violet Trust
Name of director:                                Pauline Goetsch, a trustee and beneficiary of the Violet Trust
Transaction date:                                18 September 2013
Class of securities:                             Ordinary shares
Number of securities:                            500 000
Price per security:                              R12.20
Total value:                                     R6 100 000.00
Nature of transaction:                           On market sale

18 September 2013

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Date: 18/09/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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