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NIVEUS INVESTMENTS LTD - Exercise and acceptance of options by directors

Release Date: 02/04/2015 10:30
Code(s): NIV     PDF:  
Wrap Text
Exercise and acceptance of options by directors

NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
(“Niveus”)

EXERCISE AND ACCEPTANCE OF OPTIONS BY DIRECTORS

A)      EXERCISE OF OPTIONS BY DIRECTORS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements the following
information regarding the exercise of options is disclosed:

Director:                                        Mr A van der Veen
Company of which I am a director:                Niveus Investments Limited
Status: Executive/Non-executive:                 Executive
Date of transaction:                             31 March 2015
Nature of transaction:                           Exercise of options awarded by
                                                 Johnnic Holdings Management Services Limited (Off
                                                 Market)
Nature of interest:                              Direct, Beneficial
Number of shares acquired:                       252 264
Class of shares:                                 Ordinary
Price (cost price of exercise of option):        R5.63
Exercise price:                                  R24.64
Total value of transaction:                      R6 215 792.49
Period of exercise:                              Participants have a 90 day period from the strike
                                                 date during which options can be exercised



Director:                                        Ms MM Loftie-Eaton
Company of which I am a director:                Niveus Investments Limited
Status: Executive/Non-executive:                 Executive
Date of transaction:                             31 March 2015
Nature of transaction:                           Exercise of options awarded by
                                                 Johnnic Holdings Management Services Limited (Off
                                                 Market)
Nature of interest:                              Direct, Beneficial
Number of shares acquired:                       9 006
Class of shares:                                 Ordinary
Price (cost price of exercise of option):        R5.58
Exercise price:                                  R24.64
Total value of transaction:                      R221 918.99
Period of exercise:                              Participants have a 90 day period from the strike
                                                 date during which options can be exercised

Clearance obtained in terms of section 3.66 of the JSE Listings Requirements was obtained.


B)      ACCEPTANCE OF OPTIONS BY DIRECTORS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements the following
information regarding the acceptance of options is disclosed:

Director:                               Mr A van der Veen
Company of which I am a director:       Niveus Investments Limited
Status: Executive/Non-executive:        Executive
Nature of transaction:                  Acceptance of options to subscribe for ordinary shares in
                                        Niveus (Off Market)
Nature of Interest:                     Direct, Beneficial
Class of Shares:                        Ordinary shares
Date of acceptance:                     31 March 2015
Number of options:                      414 795
Option strike price:                    R22.18 (10% discount to the 20 business day grant date
                                        VWAP)
Value of transaction:                   R 9 200 153.10
Vesting date of options:                31 March 2018
Expiry date of options:                 30 June 2018

Director:                               Ms MM Loftie-Eaton
Company of which I am a director:       Niveus Investments Limited
Status: Executive/Non-executive:        Executive
Nature of transaction:                  Acceptance of options to subscribe for ordinary shares in
                                        Niveus (Off Market)
Nature of Interest:                     Direct, Beneficial
Class of Shares:                        Ordinary shares
Date of acceptance:                     31 March 2015
Number of options:                      8 671
Option strike price:                    R22.18 (10% discount to the 20 business day grant date
                                        VWAP)
Value of transaction:                   R 192 322.78
Vesting date of options:                31 March 2018
Expiry date of options:                 30 June 2018

Clearance in terms of par. 3.66 of the JSE Listings Requirements was obtained.

Cape Town
2 April 2015
Sponsor:
PSG Capital Proprietary Limited

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