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NIVEUS INVESTMENTS LTD - Acceptance of Options by a Director of a Major Subsidiary

Release Date: 26/05/2015 15:30
Code(s): NIV     PDF:  
Wrap Text
Acceptance of Options by a Director of a Major Subsidiary

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

ACCEPTANCE OF OPTIONS BY A DIRECTOR OF A MAJOR SUBSIDIARY

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

Name:                                   Mr CB Mogiba
Company of which I am a director:       Vukani Gaming Corporation Proprietary Limited (a major
                                        subsidiary of Niveus)
Designation:                            Executive director
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:                     25 May 2015
Number of options:                      192 735
Option strike price:                    R23.64 (10% discount to the 20 business day grant date
                                        VWAP)
Value of transaction:                   R 4 556 255.40
Vesting date of options:                22 May 2018
Expiry date of options:                 22 August 2018

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

Cape Town
26 May 2015
Sponsor:
PSG Capital Proprietary Limited

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