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PURPLE CAPITAL LIMITED - Directors dealing

Release Date: 23/12/2013 11:35
Code(s): PPE     PDF:  
Wrap Text
Directors dealing

Purple Capital Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000071411
(“Purple Capital” or “the Company”)

DIRECTORS DEALING

In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the
JSE Limited ("JSE"), the following information is disclosed:
Name of director:              Charles Savage
Date of transaction:           23 December 2013
Nature of transaction:         Allocation of share options
Number of securities:          7 000 000
Class of securities:           Ordinary shares
Strike price of options:       22 cents per share
Total Value:                   R1 540 000
Nature of interest:            Direct beneficial

Name of director:            Gary van Dyk
Date of transaction:         23 December 2013
Nature of transaction:       Allocation of share options
Number of securities:        7 000 000
Class of securities:         Ordinary shares
Strike price of options:     22 cents per share
Total Value:                 R1 540 000
Nature of interest:          Direct beneficial

Name of director:            Mark Barnes
Date of transaction:         23 December 2013
Nature of transaction:       Allocation of share options
Number of securities:        6 000 000
Class of securities:         Ordinary shares
Strike price of options:     22 cents per share
Total Value:                 R1 320 000
Nature of interest:          Direct beneficial

Clearance was given for the above-mentioned transactions in terms of Paragraph
3.66 of the JSE Listings Requirements.

The vesting conditions of the options granted are:
Up to 25% on or after the first anniversary date of acceptance of options;
Up to 50% on or after the second anniversary of the acceptance date;
Up to 75% on or after the third anniversary date; and
Up to 100% on or after the fourth anniversary date.
The contractual life of the options is seven years from the date of grant.
Transactions were done off market.
Johannesburg
23 December 2013
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 23/12/2013 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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