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INVICTA HOLDINGS LIMITED - Dealings in securities by an associate of director

Release Date: 19/02/2015 15:49
Code(s): IVT IVTP     PDF:  
Wrap Text
Dealings in securities by an associate of director

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
("Invicta" or “the Company)


Dealings in securities by an associate of a director

Shareholders are referred to the announcement released on SENS on 4 February 2014 wherein shareholders
were advised that an associate of Arnold Goldstone, an executive director of the Company, had entered into
a zero-cost collar hedge in respect of 200 000 ordinary shares, which zero-cost collar hedge would settle in
5 equal tranches of 40 000 ordinary shares each, each tranche 2 weeks apart, at the respective settlement
dates of the tranches being 21 January 2015 (“1st Settlement Date”), 4 February 2015 (2nd Settlement
Date”), 18 February 2015 (“3rd Settlement Date”), 4 March 2015 (“4th Settlement Date”) and 18 March
2015 (“5th Settlement Date”), with all tranches having a put strike price of R113.05 and a call strike price of
R136.85 (“Goldstone collar”).

Following the payment by the Company of the Special Dividend as announced on SENS on 9 and 16
January 2015 and the Rights Issue being undertaken by the Company as announced on SENS on 16 and 20
January 2015, the Goldstone collar has been adjusted in that the put strike price has been reset to R85.47,
the call strike price to R103.47 and the remaining number of ordinary shares in respect of the 4 remaining
tranches (2nd to 5th Settlement Dates) were adjusted to 52 906 ordinary shares per tranche.

On the 3rd Settlement Date being 18 February 2015, Arnold Goldstone on behalf of an associate, exercised
the put option by delivering 52 906 ordinary shares to the relevant counterparty under the Goldstone collar
and received payment in the amount of R4 521 875.82.

The shareholding is an indirect beneficial interest and the chairman’s approval was obtained at the time of
the entering into of the Goldstone collar.

Cape Town
19 February 2015

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 19/02/2015 03:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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