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JASCO ELECTRONICS HOLDINGS LIMITED - Dealing in securities by directors

Release Date: 24/02/2014 08:00
Code(s): JSC     PDF:  
Wrap Text
Dealing in securities by directors

Jasco Electronics Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1987/003293/06
Share code: JSC
ISIN: ZAE000003794
("Jasco" or "the Company")



DEALING IN SECURITIES BY DIRECTORS



In accordance with the requirements of paragraph 3.63 to 3.74 of the
JSE Limited Listings Requirements (“Listings Requirements”), the
following dealing in securities by a director should be noted:


Name of company               :   JASCO ELECTRONICS HOLDINGS LIMITED
Name of director              :   AMF Da Silva, an executive director
                                  of Jasco
Class of securities           :   Shares in Jasco
Nature of transactions        :   Grant of shares
Nature of interests           :   Direct beneficial
Acceptance date               :   21 February 2014
No of shares                  :   720 000
Share strike price            :   72 cents per share
Share strike date             :   19 February 2014
Period of exercise and/or         * after 2 years have elapsed from
vesting                             the date on which the share is
                                    granted, in respect of not more
                                    than fifty percent of the shares
                                    which are the subject of that
                                    share;
                                  * after 3 years have elapsed from
                                    the date on which the share is
                                    granted, in respect of not more
                                    than seventy five percent of the
                                    shares which are the subject of
                                    that share; and
                                  * after 4 years have elapsed from
                                    the date on which the share is
                                    granted, in respect of all the
                                    shares which are the subject of
                                    that share.
Total value of transaction    :   R518,400.00

Name of company             :   JASCO ELECTRONICS HOLDINGS LIMITED
Name of director            :   WA Prinsloo, an executive   director
                                of Jasco
Class of securities         :   Shares in Jasco
Nature of transactions      :   Grant of shares
Nature of interests         :   Direct beneficial
Acceptance date             :   21 February 2014
No of shares                :   750 000
Share strike price          :   72 cents per share
Share strike date           :   19 February 2014
Period of exercise and/or       * after 2 years have elapsed from
vesting                           the date on which the share is
                                  granted, in respect of not more
                                  than fifty percent of the shares
                                  which are the subject of that
                                  share;
                                * after 3 years have elapsed from
                                  the date on which the share is
                                  granted, in respect of not more
                                  than seventy five percent of the
                                  shares which are the subject of
                                  that share; and
                                * after 4 years have elapsed from
                                  the date on which the share is
                                  granted, in respect of all the
                                  shares which are the subject of
                                  that share.


Value of transaction        :   R540,000.00




Name of company             :   JASCO ELECTRONICS HOLDINGS LIMITED
Name of director            :   M Janse Van Vuuren, director of
                                Jasco Enterprise (Pty) Limited a
                                major subsidiary of Jasco
Class of securities         :   Options in Jasco
Nature of transactions      :   Grant of options
Nature of interests         :   Direct beneficial
Acceptance date             :   21 February 2014
No of options               :   637 000
Option strike price         :   72 cents per share
Option strike date           :   19 February 2014
Period of exercise and/or        * after 2 years have elapsed from
vesting                            the date on which the option is
                                   granted, in respect of not more
                                   than fifty percent of the options
                                   which are the subject of that
                                   option;
                                 * after 3 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of not more
                                   than seventy five percent of the
                                   options which are the subject of
                                   that option; and
                                 * after 4 years have elapsed from
                                   the date on which the option is
                                   granted, in respect of all the
                                   options which are the subject of
                                   that option.


Value of transaction         :   R458,640.00




*    Clearance to trade has been obtained in terms of section 3.66
     of the Listings Requirements.


Johannesburg
24 February 2014

Designated Advisor:
Grindrod Bank Limited

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