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

Release Date: 30/09/2015 15:15
Code(s): NIV     PDF:  
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Acceptance of Options by Directors and 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 DIRECTORS AND 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:

Director:                               Mr A van der Veen
Company of which I am a director:       Niveus Investments Limited
Status: Executive/Non-executive:        Executive
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:                     30 September 2015
Number of options:                      283 233
Option strike price:                    R24.03 (10% discount to the 20 business day grant date
                                        VWAP)
Value of transaction:                   R6 806 088.99
Vesting date of options:                23 September 2018
Expiry date of options:                 23 December 2018

Director:                               Ms MM Loftie-Eaton
Company of which I am a director:       Niveus Investments Limited
Status: Executive/Non-executive:        Executive
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:                     30 September 2015
Number of options:                      27 145
Option strike price:                    R24.03 (10% discount to the 20 business day grant date
                                        VWAP)
Value of transaction:                   R652 294.35
Vesting date of options:                23 September 2018
Expiry date of options:                 23 December 2018

Name:                                   Mr CB Mogiba
Company of which I am a director:       Vukani Gaming Corporation Proprietary Limited (a major
                                        subsidiary of Niveus)
Status: Executive/Non-executive:        Executive
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:                     28 September 2015
Number of options:                      42 780
Option strike price:                    R24.03 (10% discount to the 20 business day grant date
                                        VWAP)
Value of transaction:                   R1 028 034.40
Vesting date of options:                23 September 2018
Expiry date of options:                 23 December 2018

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

Cape Town
30 September 2015
Sponsor:
PSG Capital Proprietary Limited

Date: 30/09/2015 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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