To view the PDF file, sign up for a MySharenet subscription.

PPC LIMITED - Allocation of Share Appreciation Rights and Forfeitable Shares

Release Date: 01/06/2015 16:27
Code(s): PPC     PDF:  
Wrap Text
Allocation of Share Appreciation Rights and Forfeitable Shares

PPC Ltd
Incorporated in the Republic of South Africa
Registration number 1892/000667/06
JSE / ZSE share code: PPC
JSE ISIN: ZAE000170049
(“PPC” or the “Company”)

ALLOCATION OF SHARE APPRECIATION RIGHTS AND FORFEITABLE SHARES

In compliance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited
Listings Requirements, the following grants and acceptances of equity settled share
appreciation rights (“SARs”) and forfeitable shares in terms of the company´s
Forfeitable Share Plan (FSP) should be noted:

Executive director:           Darryll John Castle
Designation:                  Chief Executive Officer
Date of grant:                29 May 2015
Date of acceptance:           29 May 2015
Number of SARs:               2 333 652
Grant price:                  R19.71
Vesting date:                 19 February 2018
Lapse date:                   19 February 2021
Performance criteria:         Achievement of agreed targets over three years
Extent of interest:           Direct beneficial
Clearance obtained:           Yes


Executive director:           Mmakeaya Magoro Tryphosa Ramano
Designation:                  Chief Financial Officer
Date of grant:                29 May 2015
Date of acceptance:           29 May 2015
Number of SARs:               581 300
Grant price:                  R19.71
Vesting date:                 19 February 2018
Lapse date:                   19 February 2021
Performance criteria:         Achievement of agreed targets over three years
Extent of interest:           Direct beneficial
Clearance obtained:           Yes


Company secretary:            Jacobus Hendrik De La Rey Snyman
Date of grant:                29 May 2015
Date of acceptance:           29 May 2015
Number of SARs:               114 400
Grant price:                  R19.71
Vesting date:                 19 February 2018
Lapse date:                   19 February 2021
Performance criteria:         Achievement of agreed targets over three years
Extent of interest:           Direct beneficial
Clearance obtained:           Yes


Executive director:                   Darryll John Castle
Designation:                          Chief Executive Officer
Number of FSP shares awarded:         125 150
Price at which shares were awarded:   R19.96
Value:                                R2 497 994
Date of award:                        29 May 2015
Acceptance of award:                  29 May 2015
Vesting:                              19 February 2018
Extent of interest:                   Direct beneficial
Clearance obtained:                   Yes

Executive director:                   Mmakeaya Magoro Tryphosa Ramano
Designation:                          Chief Financial Officer
Number of FSP shares awarded:         56 900
Price at which shares were awarded:   R19.96
Value:                                R1 135 724
Date of award:                        29 May 2015
Acceptance of award:                  29 May 2015
Vesting:                              31 200 vest on 19 February 2018 and
                                      25 700 vest on 17 February 2017
Extent of interest:                   Direct beneficial
Clearance obtained:                   Yes

Company Secretary:                    Jacobus Hendrik De La Rey Snyman
Number of FSP shares awarded:         18 400
Price at which shares were awarded:   R19.96
Value:                                R367 264
Date of award:                        29 May 2015
Acceptance of award:                  29 May 2015
Vesting:                              19 February 2018
Extent of interest:                   Direct beneficial
Clearance obtained:                   Yes

All the aforementioned were off-market transactions.

Sandton
1 June 2015
Sponsor: Merrill Lynch South Africa (Pty) Limited

Date: 01/06/2015 04:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story