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TRANSACTION CAPITAL LIMITED - Acceptance of Share Appreciation Rights in terms of the Transaction Capital Limited Share Appreciation Rights Plan

Release Date: 10/12/2013 11:30
Code(s): TCP     PDF:  
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Acceptance of Share Appreciation Rights in terms of the Transaction Capital Limited Share Appreciation Rights Plan

Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
(“the company”)


ACCEPTANCE OF SHARE APPRECIATION RIGHTS IN TERMS OF THE TRANSACTION
CAPITAL LIMITED SHARE APPRECIATION RIGHTS PLAN

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby given
that the following directors of the company and directors of major subsidiaries of the company have accepted
share appreciation rights (“SARs”) in terms of the Transaction Capital Share Appreciation Rights Plan.

Subject to performance criteria, SARs vest 3 years from the date of issue, and are exercisable for a period of 1
year after vesting. The SARs were granted at R7.67 per share, being the 10 day volume weighted average price
per share at the date of issue.

Clearances in terms of the JSE Listing Requirements were obtained.


Name of director                                         David Hurwitz

Name of company                                          Transaction Capital Limited

Date transaction was effected                            6 December 2013

Class of security                                        SARs in respect of ordinary shares

Total value of securities                                R7 509 306

Number of SARs                                           979 049

Nature of transaction                                    Off market acceptance of allocation of SARs

Nature of interest                                       Direct beneficial


Name of director                                         David Spangenberg

Name of company                                          SA Taxi Finance Holdings Proprietary Limited

Date transaction was effected                            6 December 2013

Class of security                                        SARs in respect of ordinary shares

Total value of securities                                R3 588 555

Number of SARs                                           467 869

Nature of transaction                                    Off market acceptance of allocation of SARs

Nature of interest                                       Direct beneficial
Name of director                Bradley Shirras

Name of company                 SA Taxi Finance Holdings Proprietary Limited

Date transaction was effected   6 December 2013

Class of security               SARs in respect of ordinary shares

Total value of securities       R717 705

Number of SARs                  93 573

Nature of transaction           Off market acceptance of allocation of SARs

Nature of interest              Direct beneficial


Name of director                Bonisile Makubalo

Name of company                 SA Taxi Finance Holdings Proprietary Limited

Date transaction was effected   6 December 2013

Class of security               SARs in respect of ordinary shares

Total value of securities       R358 849

Number of SARs                  46 786

Nature of transaction           Off market acceptance of allocation of SARs

Nature of interest              Direct beneficial


Name of director                Lorenzo Cardoso

Name of company                 SA Taxi Finance Holdings Proprietary Limited

Date transaction was effected   6 December 2013

Class of security               SARs in respect of ordinary shares

Total value of securities       R2 153 130

Number of SARs                  280 721

Nature of transaction           Off market acceptance of allocation of SARs

Nature of interest              Direct beneficial


Name of director                Terry Kier

Name of company                 SA Taxi Finance Holdings Proprietary Limited

Date transaction was effected   6 December 2013

Class of security               SARs in respect of ordinary shares

Total value of securities       R7 509 306

Number of SARs                  979 049

Nature of transaction           Off market acceptance of allocation of SARs

Nature of interest              Direct beneficial


Sandton
10 December 2013

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 555 5004

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 10/12/2013 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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