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ITALTILE LIMITED - Dealings in Securities by a Director

Release Date: 02/09/2015 14:35
Code(s): ITE     PDF:  
Wrap Text
Dealings in Securities by a Director

ITALTILE LIMITED
Incorporated in the Republic of South Africa
(Registration number 1955/000558/06)
Share code: ITE ISIN: ZAE000099123

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:

Name of director:                        Brandon Wood
Company:                                 Italtile Limited
Class of securities:                     Ordinary shares
Nature of transaction:                   Off market grant and acceptance of share appreciation rights (“SARs”)
                                         under the Share Appreciation Rights Scheme
Date of transaction:                     1 September 2015
Grant price:                             R11.43
Number of securities:                    1 000 000
Extent of director’s interest:           Direct beneficial
Clearance to deal obtained:              Yes
Period of exercise:                      The vesting dates of the SARs are: 25% on 31 August 2018 and 75%
                                         on 31 August 2020

Name of director:                        Brandon Wood
Company:                                 Italtile Limited
Class of securities:                     Ordinary shares
Nature of transaction:                   Off market award of shares under the Executive Retention Plan
Date of transaction:                     1 September 2015
Price per security:                      R11.82
Number of securities:                    500 000
Total value:                             R5 910 000
Extent of director’s interest:           Direct beneficial
Clearance to deal obtained:              Yes
Period of exercise:                      The shares are subject to a three-year lock-in period from transaction
                                         date

Name of director:                        Brandon Wood
Company:                                 Italtile Limited
Class of securities:                     Ordinary shares
Nature of transaction:                   Sale of shares on market
Date of transaction:                     28 August 2015
Number of securities:                    89 762
Highest selling price per security:      R11.55
Lowest selling price per security:       R11.50
VWAP per security:                       R11.50143
Total value of securities sold:          R1 032 391
Extent of director’s interest:           Direct beneficial
Clearance to deal obtained:              Yes

Johannesburg
2 September 2015

Sponsor
Merchantec Capital

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