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JASCO ELECTRONICS HOLDINGS LIMITED - Director dealing in securities

Release Date: 30/06/2015 16:35
Code(s): JSC     PDF:  
Wrap Text
Director dealing in securities

JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
("Jasco" or “the Group”)



DIRECTOR DEALING IN SECURITIES


In compliance with the requirements of rules 3.63 to 3.74 of the
JSE Limited Listings Requirements (“Listings Requirements”), the
board approved the dealings in securities by directors on 23 June
2015 and accordingly the following information is disclosed:

Name of company         : Jasco Electronics Holdings Limited
Name of director        : AMF Da Silva, an executive director of
                          Jasco
Class of securities     : Jasco ordinary shares
Date of transaction     : 2 June 2015
Nature of transaction   : Grant of shares
Nature of interest      : Direct beneficial
No of shares            : 5 892 288
Share strike price      : 55 cents per share
Share strike date       : 1 June 2015
Period of exercise
and/or vesting          : - after 2 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than fifty percent of the
                             shares which are the subject of that
                             share;
                          - after 3 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than seventy five percent of
                             the shares which are the subject of that
                             share; and
                          -  after 4 years have elapsed from the date
                             on which the share is granted, in respect
                             of all the shares which are the subject
                             of that share.
Value of transaction    : R3 240 758

Name of company         : Jasco Electronics Holdings Limited
Name of director        : Warren Prinsloo, an executive director
                          of Jasco
Class of securities     : Jasco ordinary shares
Date of transaction     : 2 June 2015
Nature of transaction   : Grant of shares
Nature of interest      : Direct beneficial
No of shares            : 3 253 830
Share strike price      : 55 cents per share
Share strike date       : 1 June 2015
Period of exercise
and/or vesting          : - after 2 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than fifty percent of the
                             shares which are the subject of that
                             share;
                          - after 3 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than seventy five percent of
                             the shares which are the subject of that
                             share; and
                          -  after 4 years have elapsed from the date
                             on which the share is granted, in respect
                             of all the shares which are the subject
                             of that share.
Value of transaction    : R1 789 606

Name of company         : Jasco Electronics Holdings Limited
Name of director        : M Janse Van Vuuren, director of Jasco
                          Enterprise (Pty) Limited a major
                          subsidiary of Jasco
Class of securities     : Options in Jasco ordinary shares
Date of transaction     : 2 June 2015
Nature of transaction   : Grant of Options
Nature of interest      : Direct beneficial
No of options           : 1 021 942
Option strike price     : 55 cents per share
Option strike date      : 1 June 2015
Period of exercise
and/or vesting          : - after 2 years have elapsed from the date
                            on which the option is granted, in
                            respect of not more than fifty percent
                            of the options which are the subject of
                            that option;
                          - after 3 years have elapsed from the date
                            on which the option is granted, in
                            respect of not more than seventy five
                            percent of the options which are the
                            subject of that option; and
                          - after 4 years have elapsed from the date
                            on which the option is granted, in
                            respect of all the options which are the
                            subject of that option.
Value of transaction    : R562 068

Clearance to for all the transactions have been obtained in
terms of section 3.66 of the Listings Requirements.
Johannesburg

30 June 2015

Sponsor: Grindrod Bank Limited

Date: 30/06/2015 04:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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