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Exercise Of Options And Dealings In Psg Konsult Shares By Directors and/or Their Associates
PSG Konsult Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
ISIN Code: ZAE000191417
(“PSG Konsult” or “the Company”)
EXERCISE OF OPTIONS IN TERMS OF THE PSG KONSULT GROUP SHARE INCENTIVE
TRUST AND DEALINGS IN PSG KONSULT SHARES BY DIRECTORS AND/OR THEIR
ASSOCIATES
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:
EXERCISE OF OPTIONS
The following share options were exercised in terms of the PSG Konsult
Group Share Incentive Trust:
1.
NAME OF DIRECTOR FJ Gouws
COMPANY OF WHICH I AM A PSG Konsult Ltd
DIRECTOR
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE R1.83 (1)
R2.83 (2)
R5.06 (3)
NUMBER OF OPTIONS EXERCISED 5 000 000 (1)
3 125 000 (2)
1 587 500 (3)
TOTAL RAND VALUE OF OPTIONS R9 150 000.00 (1)
R8 843 750.00 (2)
R8 032 750.00 (3)
STRIKE DATE OF OPTIONS 1 July 2012 (1)
1 March 2013 (2)
1 March 2014 (3)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(3)
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR MIF Smith
COMPANY OF WHICH I AM A PSG Konsult Limited
DIRECTOR
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE R1.54 (1)
R2.83 (2)
R5.06 (3)
NUMBER OF OPTIONS EXERCISED 158 280 (1)
250 000 (2)
450 000 (3)
TOTAL RAND VALUE OF OPTIONS R 243 751.20 (1)
R 707 500.00 (2)
R2 277 000.00 (3)
STRIKE DATE OF OPTIONS 1 March 2011 (1)
1 March 2013 (2)
1 March 2014 (3)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(3)
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise
of options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR W Theron
COMPANY OF WHICH I AM A PSG Konsult Limited
DIRECTOR
STATUS: EXECUTIVE/NON- Non-Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE R1.54 (1)
R2.83 (2)
NUMBER OF OPTIONS EXERCISED 1 450 308 (1)
750 000 (2)
TOTAL RAND VALUE OF OPTIONS R2 233 474.32 (1)
R2 122 500.00 (2)
STRIKE DATE OF OPTIONS 1 March 2011 (1)
1 March 2013 (2)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
4.
NAME OF DIRECTOR DPB Hugo
COMPANY OF WHICH I AM A PSG Wealth Financial Planning
DIRECTOR Proprietary Limited(a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE R1.54 (1)
R2.83 (2)
R5.06 (3)
NUMBER OF OPTIONS EXERCISED 389 610 (1)
1 250 000 (2)
562 500 (3)
TOTAL RAND VALUE OF OPTIONS R 599 999.40 (1)
R3 537 500.00 (2)
R2 846 250.00 (3)
STRIKE DATE OF OPTIONS 1 March 2011 (1)
1 March 2013 (2)
1 March 2014 (3)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise
of options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE
TRANSACTION
CLEARANCE OBTAINED Yes
5.
NAME OF DIRECTOR AM Ahern
COMPANY OF WHICH I AM A PSG Asset Management Holdings
DIRECTOR Proprietary Limited (a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2015
OPTION STRIKE PRICE R2.83 (1)
R5.06 (2)
NUMBER OF OPTIONS EXERCISED 750 000 (1)
500 000 (2)
TOTAL RAND VALUE OF OPTIONS R2 122 500.00 (1)
R2 530 000.00 (2)
STRIKE DATE OF OPTIONS 1 March 2013 (1)
1 March 2014 (2)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise
of options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
6.
NAME OF DIRECTOR HP Visser
COMPANY OF WHICH I AM A PSG Insure Holdings Proprietary
DIRECTOR Limited (a major subsidiary of
PSG Konsult)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE R2.83 (1)
R5.06 (2)
NUMBER OF OPTIONS EXERCISED 750 000 (1)
500 000 (2)
TOTAL RAND VALUE OF OPTIONS R2 122 500.00 (1)
R2 530 000.00 (2)
STRIKE DATE OF OPTIONS 1 March 2013 (1)
1 March 2014 (2)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
7.
NAME OF DIRECTOR NM Gudka
COMPANY OF WHICH I AM A PSG Wealth Financial Planning
DIRECTOR Proprietary Limited(a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE R2.83 (1)
R5.06 (2)
NUMBER OF OPTIONS EXERCISED 625 000 (1)
450 000 (2)
TOTAL RAND VALUE OF OPTIONS R1 768 750.00 (1)
R2 277 000.00 (2)
STRIKE DATE OF OPTIONS 1 March 2013 (1)
1 March 2014 (2)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
8.
NAME OF DIRECTOR M Lansdell
COMPANY OF WHICH I AM A PSG Life Limited (a major
DIRECTOR subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE Rnil (1)
R5.06 (2)
NUMBER OF OPTIONS EXERCISED 80 000 (1)
25 000 (2)
TOTAL RAND VALUE OF OPTIONS Rnil (1)
R126 500.00 (2)
STRIKE DATE OF OPTIONS 1 April 2014 (1)
1 March 2014 (2)
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24 (1)-(2)
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
9.
NAME OF DIRECTOR C Bekker
COMPANY OF WHICH I AM A PSG Life Limited (a major
DIRECTOR subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
OPTION STRIKE PRICE R5.06
NUMBER OF OPTIONS EXERCISED 25 000
TOTAL RAND VALUE OF OPTIONS R126 500.00
STRIKE DATE OF OPTIONS 1 March 2014
PERIOD OF EXERCISE 15 April to 15 May 2016, or 24
May 2016
NATURE OF TRANSACTION Acquisition of shares in PSG
Konsult through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Direct, 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.
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR
1.
NAME OF DIRECTOR J de V du Toit
COMPANY OF WHICH I AM A PSG Konsult Limited
DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 1 000 000
TOTAL RAND VALUE OF SECURITIES R7 060 000.00
NAME OF ASSOCIATE Letoit Trust
RELATIONSHIP WITH DIRECTOR Director is a trustee and
beneficiary of the associate
NATURE OF TRANSACTION Acquisition (On-market
transaction)
NATURE AND EXTENT OF INTEREST Indirect, Non-beneficial
IN THE TRANSACTION
CLEARANCE OBTAINED Yes
DEALING IN SECURITIES BY A DIRECTOR
The disposals of PSG Konsult shares listed below were made, inter alia,
to settle share incentive scheme obligations of the directors in
question.
1.
NAME OF DIRECTOR W Theron
COMPANY OF WHICH I AM A PSG Konsult Limited
DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 2 000 000
TOTAL RAND VALUE OF SECURITIES R14 120 000.00
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST Direct, Beneficial
IN THE TRANSACTION
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR FJ Gouws
COMPANY OF WHICH I AM A PSG Konsult Limited
DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 9 712 500
TOTAL RAND VALUE OF SECURITIES R68 570 250.00
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST Direct, Beneficial
IN THE TRANSACTION
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR MIF Smith
COMPANY OF WHICH I AM A PSG Konsult Limited
DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 658 280
TOTAL RAND VALUE OF SECURITIES R4 647 456.80
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST Direct, Beneficial
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.
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
The disposals of PSG Konsult shares listed below were made, inter alia,
to settle share incentive scheme obligations of the directors in
question.
1.
NAME OF DIRECTOR DPB Hugo
COMPANY OF WHICH I AM A DIRECTOR PSG Wealth Financial Planning
Proprietary Limited (a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 1 486 493
TOTAL RAND VALUE OF SECURITIES R10 494 640.58
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR AM Ahern
COMPANY OF WHICH I AM A DIRECTOR PSG Asset Management Holdings
Proprietary Limited (a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06 (1) & (2)
NUMBER OF SECURITIES TRANSACTED 450 000 (1)
400 000 (2)
TOTAL RAND VALUE OF SECURITIES R3 177 000.00 (1)
R2 824 000.00 (2)
NATURE OF TRANSACTION Disposal (On-market transaction)
(1)
Disposal (Off-market transaction)
(2)
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR NM Gudka
COMPANY OF WHICH I AM A DIRECTOR PSG Wealth Financial Planning
Proprietary Limited (a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 650 000
TOTAL RAND VALUE OF SECURITIES R4 589 000.00
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
4.
NAME OF DIRECTOR HP Visser
COMPANY OF WHICH I AM A DIRECTOR PSG Insure Holdings Proprietary
Limited (a major subsidiary of PSG
Konsult)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 1 250 000
TOTAL RAND VALUE OF SECURITIES R8 825 000.00
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
5.
NAME OF DIRECTOR M Lansdell
COMPANY OF WHICH I AM A DIRECTOR PSG Life Limited (a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 53 622
TOTAL RAND VALUE OF SECURITIES R378 571.32
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
6.
NAME OF DIRECTOR C Bekker
COMPANY OF WHICH I AM A DIRECTOR PSG Life Limited (a major
subsidiary of PSG Konsult)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 20 822
TOTAL RAND VALUE OF SECURITIES R147 003.32
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST IN THE Direct, Beneficial
TRANSACTION
CLEARANCE OBTAINED Yes
Clearance to deal in these shares was obtained in accordance with rule
3.66 of the JSE Limited Listings Requirements.
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY
1.
NAME OF DIRECTOR HP Visser
COMPANY OF WHICH I AM A DIRECTOR PSG Insure Holdings Proprietary
Limited (a major subsidiary of PSG
Konsult)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 24 May 2016
CENTS PER SHARE R7.06
NUMBER OF SECURITIES TRANSACTED 4 000 000
TOTAL RAND VALUE OF SECURITIES R28 240 000.00
NAME OF ASSOCIATE Nikadine Trust
RELATIONSHIP WITH DIRECTOR Director is a trustee and
beneficiary of the associate
NATURE OF TRANSACTION Disposal (On-market transaction)
NATURE AND EXTENT OF INTEREST Indirect, Beneficial
CLEARANCE OBTAINED Yes
Tyger Valley
24 May 2016
JSE Sponsor: PSG Capital Proprietary Ltd
NSX Sponsor: PSG Wealth Management (Namibia) Proprietary Ltd, member of
the Namibian Stock Exchange
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