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CURRO HOLDINGS LIMITED - Acceptance Of Options By Directors In Terms Of The Curro Holdings Limited Share Incentive Scheme

Release Date: 02/12/2014 08:19
Code(s): COH     PDF:  
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Acceptance Of Options By Directors In Terms Of The Curro Holdings Limited Share Incentive Scheme

Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE CURRO HOLDINGS LIMITED
SHARE INCENTIVE SCHEME

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:

  1.
 NAME OF DIRECTOR                  Chris van der Merwe
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   28 November 2014
 OPTION STRIKE PRICE (CENTS)       2 558
 NUMBER OF OPTIONS ALLOCATED       134 200
 TOTAL RAND VALUE OF OPTIONS       R3 432 836.00
 STRIKE DATES OF OPTIONS           29 September 2016; 29 September
                                   2017; 29 September 2018; 29
                                   September 2019*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

  2.
 NAME OF DIRECTOR                  Andries Greyling
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   28 November 2014
 OPTION STRIKE PRICE (CENTS)       2 558
 NUMBER OF OPTIONS ALLOCATED       93 900
 TOTAL RAND VALUE OF OPTIONS       R2 401 962.00
 STRIKE DATES OF OPTIONS           29 September 2016; 29 September
                                   2017; 29 September 2018; 29
                                   September 2019*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

  3.
 NAME OF DIRECTOR                  Bernardt van der Linde
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   28 November 2014
 OPTION STRIKE PRICE (CENTS)       2 558
 NUMBER OF OPTIONS ALLOCATED       78 700
 TOTAL RAND VALUE OF OPTIONS       R2 013 146.00
 STRIKE DATES OF OPTIONS           29 September 2016; 29 September
                                   2017; 29 September 2018; 29
                                   September 2019*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

  4.
 NAME OF DIRECTOR                  Hennie Louw
 COMPANY OF WHICH I AM A
 DIRECTOR                          Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   28 November 2014
 OPTION STRIKE PRICE (CENTS)       2 558
 NUMBER OF OPTIONS ALLOCATED       63 500
 TOTAL RAND VALUE OF OPTIONS       R1 624 330.00
 STRIKE DATES OF OPTIONS           29 September 2016; 29 September
                                   2017; 29 September 2018; 29
                                   September 2019*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

  5.
 NAME OF COMPANY SECRETARY         Ronell van Rensburg
 COMPANY OF WHICH I AM A COMPANY
 SECRETARY                         Curro Holdings Limited
 STATUS:EXECUTIVE/NON-EXECUTIVE    Company Secretary
 TYPE OF SECURITIES                Options to subscribe for ordinary
                                   shares in the share capital of
                                   Curro Holdings Limited
 DATE OF SHARE OPTION ACCEPTANCE   28 November 2014
 OPTION STRIKE PRICE (CENTS)       2 558
 NUMBER OF OPTIONS ALLOCATED       96 100
 TOTAL RAND VALUE OF OPTIONS       R2 458 238.00
 STRIKE DATES OF OPTIONS           29 September 2016; 29 September
                                   2017; 29 September 2018; 29
                                   September 2019*
 PERIOD OF EXERCISE                Participants have a 30 day period
                                   from the respective strike dates
                                   during which options can be
                                   exercised
 NATURE OF TRANSACTION             Acceptance of options to subscribe
                                   for ordinary shares in terms of a
                                   share incentive scheme
                                   (off-market transaction)
 NATURE AND EXTENT OF INTEREST
 IN THE TRANSACTION                Direct beneficial
 CLEARANCE OBTAINED                Yes

*The options will vest in 4 tranches of 25% each on the strike dates
specified above.

Durbanville
2 December 2014

Sponsor
PSG Capital

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