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Exercise of Share Appreciation Rights and Sale Of Shares by Directors of Major Subsidiaries
WORKFORCE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
(“Workforce” or “the Company”)
EXERCISE OF SHARE APPRECIATION RIGHTS AND SALE OF SHARES BY DIRECTORS OF MAJOR SUBSIDIARIES
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: Frieda Hall
Company: The Workforce Group Proprietary Limited
Nature of transaction: On market sale of ordinary shares following the off market
exercise of 250 000 share appreciation rights in respect of the
Scheme. The benefit attributable to the director is the
difference between the market price (R1.26), calculated as the
average traded price over the three month period preceding
the vesting date, and the strike price (R0.50) per share, settled
by the Scheme through the award of shares at market price to
the value of the net after tax gain realised, amounting to 88
969 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Indirect beneficial
Grant date: 5 December 2012
Vesting date: 31 December 2015
Exercise date: 8 June 2016
Share appreciation right strike price: 50 cents
Share price at exercise date: R1.26
Number of securities awarded: 88 969
Total value of shares awarded: R112 100.94
Date of sale: 8 June 2016
Selling price per security: R1.26
Total value of sale: R112 100.94
Clearance to deal obtained: Yes
Name of director: Sean Momberg
Company: The Workforce Group Proprietary Limited
Nature of transaction: Off market exercise of 500 000 share appreciation rights in
respect of the Scheme. The benefit attributable to the director
is the difference between the market price (R1.26), calculated
as the average traded price over the three month period
preceding the vesting date, and the strike price (R0.50) per
share, settled by the Scheme through the award of shares at
market price to the value of the net after tax gain realised,
amounting to 177 400 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Indirect beneficial
Grant date: 5 December 2012
Vesting date: 31 December 2015
Exercise date: 8 June 2016
Share appreciation right strike price: 50 cents
Share price at exercise date: R1.26
Number of securities awarded: 177 400
Total value of shares awarded: R223 524.00
Clearance to deal obtained: Yes
Name of director: Carol Knoetze
Company: The Workforce Group Proprietary Limited
Nature of transaction: Off market exercise of 250 000 share appreciation rights in
respect of the Scheme. The benefit attributable to the director
is the difference between the market price (R1.26), calculated
as the average traded price over the three month period
preceding the vesting date, and the strike price (R0.50) per
share, settled by the Scheme through the award of shares at
market price to the value of the net after tax gain realised,
amounting to 88 655 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Indirect beneficial
Grant date: 5 December 2012
Vesting date: 31 December 2015
Exercise date: 8 June 2016
Share appreciation right strike price: 50 cents
Share price at exercise date: R1.26
Number of securities awarded: 88 655
Total value of shares awarded: R111 705.30
Clearance to deal obtained: Yes
Name of director: Preshene Batohi
Company: The Workforce Group Proprietary Limited
Nature of transaction: On market sale of ordinary shares following the off market
exercise of 50 000 share appreciation rights in respect of the
Scheme. The benefit attributable to the director is the
difference between the market price (R1.26), calculated as the
average traded price over the three month period preceding
the vesting date, and the strike price (R0.50) per share, settled
by the Scheme through the award of shares at market price to
the value of the net after tax gain realised, amounting to
17 794 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Indirect beneficial
Grant date: 5 December 2012
Vesting date: 31 December 2015
Exercise date: 8 June 2016
Share appreciation right strike price: 50 cents
Share price at exercise date: R1.26
Number of securities awarded: 17 794
Total value of shares awarded: R22 420.44
Clearance to deal obtained: Yes
Name of director: Evelyn Vanassche
Company: The Workforce Group Proprietary Limited
Nature of transaction: On market sale of ordinary shares following the off market
exercise of 500 000 share appreciation rights in respect of the
Scheme. The benefit attributable to the director is the
difference between the market price (R1.26), calculated as the
average traded price over the three month period preceding
the vesting date, and the strike price (R0.50) per share, settled
by the Scheme through the award of shares at market price to
the value of the net after tax gain realised, amounting to
177 937 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Indirect beneficial
Grant date: 5 December 2012
Vesting date: 31 December 2015
Exercise date: 8 June 2016
Share appreciation right strike price: 50 cents
Share price at exercise date: R1.26
Number of securities awarded: 177 937
Total value of shares awarded: R224 200.62
Date of sale: 8 June 2016
Selling price per security: R1.26
Total value of sale: R224 200.62
Clearance to deal obtained: Yes
Name of director: Steven Herscovitz
Company: Training Force Proprietary Limited
Nature of transaction: Off market exercise of 250 000 share appreciation rights in
respect of the Scheme. The benefit attributable to the director
is the difference between the market price (R1.26), calculated
as the average traded price over the three month period
preceding the vesting date, and the strike price (R0.50) per
share, settled by the Scheme through the award of shares at
market price to the value of the net after tax gain realised,
amounting to 88 655 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Indirect beneficial
Grant date: 5 December 2012
Vesting date: 31 December 2015
Exercise date: 8 June 2016
Share appreciation right strike price: 50 cents
Share price at exercise date: R1.26
Number of securities awarded: 88 655
Total value of shares awarded: R111 705.30
Clearance to deal obtained: Yes
Johannesburg
13 June 2016
Designated Adviser
Merchantec Capital
Date: 13/06/2016 04:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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