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PURPLE GROUP LIMITED - Directors dealing in securities

Release Date: 27/03/2015 13:03
Code(s): PPE     PDF:  
Wrap Text
Directors dealing in securities

Purple Group Limited
 (Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000185526
(“the Company”)

DIRECTORS DEALING IN SECURITIES

In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the
JSE Limited ("Listings Requirements"), the following information, relating to the
subscription of new shares by the Executive Directors of the Company, is disclosed:

Name of director:             Mark Barnes
Date of transaction:          27 March 2015
Nature of transaction:        Exercise of share options and subsequent allocation of
                              shares
Number of securities:         2 540 000
Class of securities:          Ordinary shares
Strike price of options:      27 cents per share
Total Value:                  R685 800
Period of vesting:            4 years
Vesting date:                 11 May 2012
Nature of interest:           Direct beneficial


Clearance was given for the above-mentioned transactions in terms of paragraph
3.66 of the Listings Requirements and were off market allocations.

The vesting conditions of the options exercised were:
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.


Johannesburg
27 March 2015
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 27/03/2015 01:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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