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ZEDER INVESTMENTS LIMITED - Exercise And Acceptance Of Options By A Director

Release Date: 01/03/2016 17:35
Code(s): ZED     PDF:  
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Exercise And Acceptance Of Options By A Director

Zeder Investments Limited
Incorporated in the Republic of South Africa
Registration number: 2006/019240/06
JSE share code: ZED
ISIN number: ZAE000088431
(“Zeder”)

EXERCISE AND ACCEPTANCE OF OPTIONS BY A DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:

A) EXERCISE OF OPTIONS

The following share options were exercised:

NAME OF DIRECTOR               N Celliers

STATUS:EXECUTIVE/NON-          Executive
EXECUTIVE

TYPE OF SECURITIES             Shares

CLASS OF SECURITIES            Ordinary

DATE OF TRANSACTION            26 February 2016

OPTION STRIKE PRICE            R3.33                                (1)
                               R4.10                                (2)

NUMBER OF OPTIONS EXERCISED    337 838                              (1)
                               1 248 476                            (2)

TOTAL RAND VALUE OF OPTIONS    R1 125 000.54                        (1)
                               R5 118 751.60                        (2)

STRIKE DATE OF OPTIONS         26 February 2016                     (1) – (2)

PERIOD OF EXERCISE             Participants have a 90-day           (1) – (2)
                               period from the strike date
                               during which options can be
                               exercised

NAME OF ASSOCIATE              Namron Investments
                               (Proprietary) Limited

RELATIONSHIP WITH DIRECTOR     Director is a director of the
                               associate and a trustee and
                               beneficiary of the shareholder
                               of the associate

NATURE OF TRANSACTION          Acquisition of shares in Zeder
                               through the exercise of options
                               (Off-market transaction)

NATURE AND EXTENT OF           Indirect, Beneficial
INTEREST IN THE TRANSACTION

CLEARANCE OBTAINED             Yes

Clearance to deal in these shares was obtained in accordance with rule
3.66 of the JSE Limited Listings Requirements.

B) ACCEPTANCE OF OPTIONS

The following share option award was accepted:

NAME OF DIRECTOR               N Celliers

STATUS:EXECUTIVE/NON-          Executive
EXECUTIVE

TYPE AND CLASS OF SECURITIES   Share options to acquire
                               ordinary shares

DATE OF AWARD                  29 February 2016

DATE OF ACCEPTANCE             29 February 2016

OPTION STRIKE PRICE            R4.97 (Zeder’s 30-day volume
                               weighted average traded price
                               at 29 February 2016)

NUMBER OF OPTIONS AWARDED      789 990

TOTAL RAND VALUE OF OPTIONS    R3 926 250.30

STRIKE DATE OF OPTIONS         Exercisable in tranches of 25%
                               each on the 2nd, 3rd, 4th and 5th
                               anniversary of the award

NATURE OF TRANSACTION          Award of options to acquire
                               ordinary shares

NATURE AND EXTENT OF           Direct, Beneficial
INTEREST IN THE TRANSACTION

CLEARANCE OBTAINED             Yes

Clearance to accept this share option award was obtained in accordance
with rule 3.66 of the JSE Limited Listings Requirements.

Stellenbosch
1 March 2016

Sponsor
PSG Capital

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