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INVICTA HOLDINGS LIMITED - Director's dealing in securities

Release Date: 21/08/2015 16:12
Code(s): IVT     PDF:  
Wrap Text
Director's dealing in securities

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
("Invicta")


Directors dealing in securities

Shareholders are referred to the announcement released on SENS on 18 February 2014 wherein
shareholders were advised that Craig Barnard, an executive director of the Company, had entered into a
zero-cost collar hedge in respect of 50 000 ordinary shares, which zero-cost collar hedge would
settle/expire on 19 August 2015 (“Settlement Date”), with a put strike price of R118.04 and a call strike
price of R136.93 (“Barnard collar”).

Following the payment by the Company of the Special Dividend as announced on SENS on 9 and 16
January 2015 and the Rights Issue as announced on SENS on 16 and 20 January 2015, the Barnard collar
has been adjusted in that the put strike price has been reset to R89.25, the call strike price to R103.53 and
the number of ordinary shares in respect of the Settlement Date were adjusted to 66 132 ordinary shares.

On the Settlement Date being 19 August 2015, Craig Barnard exercised the put option by delivering 66 132
ordinary shares to the relevant counterparty under the Barnard collar and received payment in the amount
of R5 902 281.00.

This is a direct beneficial interest, an off-market transaction and chairman’s approval was obtained at the
time of the entering into of the Barnard collar.

Cape Town
21 August 2015

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 21/08/2015 04:12:00 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.

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