EQSTRA HOLDINGS LIMITED - Dealing in securities by directors

Release Date: 27/09/2013 15:51
Code(s): EQS
 
Wrap Text
Dealing in securities by directors

EQSTRA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/011672/06)
ISIN: ZAE000117123
JSE share code: EQS
("Eqstra" or “the Company”)

DEALING IN SECURITIES BY DIRECTORS

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

On 4 September 2013 Share Appreciation Rights (SAR) with a strike
price of R5.12 per SAR vested. On 4 September 2013 the matching
ordinary shares in terms of Deferred Bonus Plan (DBP) for no
consideration at a deemed price of R6.94 per share vested.

Due to the partial fulfilment of the SAR related performance
conditions, only 73% of SAR issued vested.

DBP TRANSACTIONS:
Director of Eqstra:                                 WS Hill
Nature and extent of interest
in transaction:                                     Direct/beneficial
Class of security                                   Ordinary shares
Nature of transaction:                              Off market vesting of
                                                    DBP shares
Date of vesting:                                    4 September 2013
Number of matching   DBP shares vested at R6.94:    154 000
Number of matching   DBP shares to be delivered:    154 000
Total deemed value   of transaction:                R1 068 760
Type of trade:                                      Off-market
Clearance obtained                                  Yes

Director of Eqstra:                                 E Clarke
Nature and extent of interest
in transaction:                                     Direct/beneficial
Class of security                                   Ordinary shares
Nature of transaction:                              Off market vesting of
                                                    DBP shares
Date of vesting:                                    4 September 2013
Number of matching   DBP shares vested at R6.94:    27 000
Number of matching   DBP shares to be delivered:    27 000
Total deemed value   of transaction:                R187 380
Type of trade:                                      Off-market
Clearance obtained                                  Yes


Director of a major subsidiary:                   GD Neubert
Company:                                          Saficon Industrial
                                                  Equipment (Pty) Ltd
Nature and extent of interest
in transaction:                                   Direct/beneficial
Class of security                                 Ordinary shares
Nature of transaction:                            Off market vesting of
                                                  DBP shares
Date of vesting:                                  4 September 2013
Number of matching DBP shares vested at R6.94:    40 000
Number of matching DBP shares to be delivered:    40 000
Total deemed value of transaction:                R277 600
Type of trade:                                    Off-market
Clearance obtained                                Yes

Director of a major subsidiary:                   JV Carr
Company:                                          Eqstra Corporation
                                                  (Pty) Ltd
Nature and extent of interest
in transaction:                                   Direct/beneficial
Class of security                                 Ordinary shares
Nature of transaction:                            Off market vesting of
                                                  DBP shares
Date of vesting:                                  4 September 2013
Number of matching DBP shares vested at R6.94:    46 000
Number of matching DBP shares to be delivered:    46 000
Total deemed value of transaction:                R319 240
Type of trade:                                    Off-market
Clearance obtained                                Yes

Director of a major subsidiary:                   P Siddall
Company:                                          Eqstra Corporation (Pty)
                                                  Ltd
Nature and extent of interest
in transaction:                                   Direct/beneficial
Class of security                                 Ordinary shares
Nature of transaction:                            Off market vesting of
                                                  DBP shares
Date of vesting:                                  4 September 2013
Number of matching DBP shares vested at R6.94:    20 000
Number of matching DBP shares to be delivered:    20 000
Total deemed value of transaction:                R138 800
Type of trade:                                    Off-market
Clearance obtained                                Yes

SAR TRANSACTIONS:
Director of Eqtra:                                WS Hill
Nature and extent of
interest in transaction:                          Direct/beneficial
Class of security                                 Ordinary shares
Number of SAR vested at a strike price of R5.12:  1 151 172
Nature of transaction:                            Exercise of SAR
Number of SAR exercised:                          1 151 172
Exercise price:                                   R8.35
Number of shares to be delivered:                 445 096
Total deemed value of transaction:                R3 715 460.43
Type of trade:                                    Off-market
Clearance obtained                                Yes

Director of Eqstra:                               E Clarke
Nature and extent of interest in transaction:     Direct/beneficial
Class of security                                 Ordinary shares
Number of SAR vested at a strike price of R5.12:  541 685
Nature of transaction:                            Exercise of SAR
Number of SAR exercised:                          541 685
Exercise price:                                   R7.14
Number of shares to be delivered after PAYE:      98 201
Total deemed value of transaction:                R1 092 492.22
Value of shares transferred sold:                 R782 003.35
Type of trade:                                    On-market
Clearance obtained                                Yes

Director of a major subsidiary:                   GD Neubert
Company:                                          Saficon Industrial
                                                  Equipment (Pty) Ltd
Nature and extent of interest in transaction:     Direct/beneficial
Number of SAR vested at a strike price of R5.12:  396 499
Nature of transaction:                            Exercise of SAR
Number of SAR exercised:                          396 499
Exercise price:                                   R7.26
Number of shares to be delivered after PAYE:      74 244
Total deemed value of transaction:                R848 302.79
Value of shares transferred sold:                 R591 222.30
Type of trade:                                    On-market
Clearance obtained                                Yes

Director of a major subsidiary:                   JV Carr
Nature and extent of interest in transaction:     Direct/beneficial
Company:                                          Eqstra Corporation
                                                  (Pty) Ltd
Number of SAR vested at a strike price of R5.12:  459 142
Nature of transaction:                            Exercise of SAR
Number of SAR exercised:                          459 142
Exercise price:                                   R7.26
Number of shares to be delivered after PAYE:      85 973
Total deemed value of transaction:                R982 326.42
Value of shares transferred sold:                 R684 629.70
Type of trade:                                    On-market
Clearance obtained                                Yes

Director of a major subsidiary:                   P Siddall
Nature and extent of interest in transaction:     Direct/beneficial
Company:                                          Eqstra Corporation
                                                  (Pty) Ltd
Number of SAR vested at a strike price of R5.12:  168 770
Nature of transaction:                            Exercise of SAR
Number of SAR exercised:                          168 770
Exercise price:                                   R8.10
Number of shares to be delivered:                 62 080
Total deemed value of transaction:                R502 803.95
Type of trade:                                    Off-market
Clearance obtained                                Yes

Company secretary Eqstra:                         L Moller
Nature and extent of interest in transaction:     Direct/beneficial
Date:                                             26 September 2013
Number of SAR vested at a strike price of R5.12:  140 764
Nature of transaction:                            Exercise of SAR
Number of SAR exercised:                          140 764
Strike price per SAR:                             R5.12
Exercise price:                                   R8.10
Number of shares to be delivered:                 51 779
Total deemed value of transaction:                R419 367.75
Type of trade:                                    Off-market
Clearance obtained                                Yes

Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained.


Johannesburg
27 September 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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