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SANLAM LIMITED - Directors and Company Secretarys dealings in Sanlam securities

Release Date: 14/06/2016 17:00
Code(s): SLM     PDF:  
Wrap Text
Directors’ and Company Secretary’s dealings in Sanlam securities

Sanlam Limited
(Incorporated in the Republic of South Africa)
Registration number 1959/001562/06
JSE share code: SLM
NSX share code: SLA
ISIN: ZAE000070660
(“Sanlam”)

Directors’ and Company Secretary’s dealings in Sanlam securities

In compliance with paragraph 3.63 – 3.66 of the Listings
Requirements of the JSE Limited, we hereby advise the following
dealings by directors and the Company Secretary in Sanlam
securities:


Director:                          JP Möller
Category of director:              Executive Director
Date of transaction:               09 June 2016
Total number of units:             39 414
Market value per share:            R63.12
Total deemed value:                R2 487 811.68
Price paid on delivery:            Rnil
The nature and extent of the       Direct beneficial
director’s interest in the
transaction:
Class of securities:               Ordinary shares
Nature of transaction:             Sale of Sanlam ordinary shares under
                                   the Restricted Share Plan to settle
                                   income tax obligation on vesting of
                                   shares
On market/Off market trade:        On Market
Prior authority to transact        Yes
obtained:


Director:                          IM Kirk
Category of director:              Executive Director
Date of transaction:               09 June 2016
Total number of units:             1 375 000
Market value per share:            R nil (Conditional value of
                                   R86 625 000 based on closing price
                                   of R63.00 per share on 09 June 2016)
Retention and performance period   Five years and three months up to 31
                                   March 2021
The nature and extent of the       Direct beneficial
director’s interest in the
transaction:
Class of securities:               Ordinary shares
Nature of transaction:             Acceptance of a conditional
                                   undertaking under the Performance
                                   Deferred Share Plan to receive fully
                                   paid-up shares in future should
                                   certain pre-determined performance
                                   hurdles be met over the period 01
                                   January 2016 until 31 December 2020
On market/Off market trade:        Off Market
Prior authority to transact        Yes
obtained:


Director:                          IM Kirk
Category of director:              Executive Director
Date of transaction:               09 June 2016
Total number of units:             59 754
Class of securities:               Ordinary shares
Nature of interest:                Direct beneficial
Nature of transaction:             Acceptance of a conditional
                                   undertaking under the Deferred Share
                                   Plan and Performance Deferred Share
                                   Plan to receive fully paid-up shares
                                   in future should certain pre-
                                   determined performance hurdles be
                                   met
Market value per share:            R nil (Conditional value of R3 764
                                   502 based on closing price of R63.00
                                   per share on 09 June 2016)
Retention and performance period   Six years until 01 June 2022
On market/Off market trade:        Off Market
Prior authority to transact        Yes
obtained:


Director:                          T Mvusi
Category of director:              Executive Director
Date of transaction:               09 June 2016
Total number of units:             38 348
Market value per share:            R63,12
Total deemed value:                R2 420 525.76
Price paid on delivery:            Rnil
The nature and extent of the       Direct beneficial
director’s interest in the
transaction:
Class of securities:               Ordinary shares
Nature of transaction:             Delivery of Sanlam ordinary shares
                                   under Deferred and Performance Share
                                   Plans
On market/Off market trade:        Off Market
Prior authority to transact        Yes
obtained
Director:                         T Mvusi
Category of director:             Executive Director
Date of transaction:              09 June 2016
Total number of units:            16 106
Class of securities:              Ordinary shares
Nature of interest:               Direct beneficial
Nature of transaction:            Sale of Sanlam ordinary shares under
                                  Deferred and Performance Share Plans
                                  to meet income tax obligations on
                                  vesting of shares
Market value of shares            R63.12
Total transaction value:          R1 016 620.72
On market/Off market trade:       On Market
Prior authority to transact       Yes
obtained:


Name of director:                 T Mvusi
Designation:                      Executive Director
Date of transaction:              09 June 2016
Class of security:                Ordinary shares
Nature of transaction:            Acceptance of a conditional
                                  undertaking under the Deferred Share
                                  Plan and Performance Deferred Share
                                  Plan to receive fully paid-up
                                  shares in future should certain pre-
                                  determined performance hurdles be
                                  met
Retention and performance         Six years up to 01 June 2022
period:
Total number of units:            28 120
Nature and extent of director’s   Direct beneficial
interest:
Total transaction value:          R nil (Conditional value based on
                                  the closing market price of a Sanlam
                                  share of R63,00 amounts to R1 771
                                  560)
On market/Off market trade:       Off Market
Prior authority to transact       Yes
obtained:


Director:                         S Bray
Category of director:             Group Company Secretary
Date of transaction:              09 June 2016
Total number of units:            18 531
Market value per share:           R63,12
Total deemed value:               R1 169 676.72
Price paid on delivery:           Rnil
The nature and extent of the      Direct beneficial
director’s interest in the
transaction:
Class of securities:              Ordinary shares
Nature of transaction:            Delivery of Sanlam ordinary shares
                                  under Deferred and Performance Share
                                  Plans
On market/Off market trade        Off Market
Prior authority to transact       Yes
obtained:


Director:                         S Bray
Category of director:             Group Company Secretary
Date of transaction:              09 June 2016
Total number of units:            18 531
Class of securities:              Ordinary shares
Nature of interest:               Direct beneficial
Nature of transaction:            Sale of Sanlam ordinary shares under
                                  Deferred and Performance Share Plans
                                  to meet income tax obligations on
                                  vesting of shares and diversify
                                  portfolio
Total transaction value:          R1 169 676.72
On market/Off market trade        On Market
Prior authority to transact       Yes
obtained:


Name of director:                 S Bray
Designation:                      Group Company Secretary
Date of transaction:              09 June 2016
Class of security:                Ordinary shares
Nature of transaction:            Acceptance of a conditional
                                  undertaking under the Deferred Share
                                  Plan and Performance Deferred Share
                                  Plan (approved long-term incentive
                                  plans) to receive fully paid-up
                                  shares in future should certain pre-
                                  determined performance hurdles be
                                  met
Retention and performance         Six years up to 01 June 2022
period:
Total number of units:            14 060
Nature and extent of director’s   Direct beneficial
interest:
Total transaction value:          R nil (Conditional value based on
                                  the closing market price of a Sanlam
                                  share of R63.00 amounts to R885 780)
On market/Off market trade        Off Market
Prior authority to transact       Yes
obtained:
Name of director:                 Y Ramiah
Designation:                      Executive Director
Date of transaction:              09 June 2016
Class of security:                Ordinary shares
Nature of transaction:            Acceptance of a conditional
                                  undertaking under the Deferred Share
                                  Plan and Performance Deferred Share
                                  Plan to receive fully paid-up shares
                                  in future should certain pre-
                                  determined performance hurdles be
                                  met
Retention and performance         Six years up to 01 June 2022
period:
Total number of units:            27 979
Nature and extent of director’s   Direct beneficial
interest:
Total transaction value:          R nil (Conditional value based on
                                  the closing market price of a Sanlam
                                  share of R63.00 amounts to R1 762
                                  677)
On market/Off market trade        Off Market
Prior authority to transact       Yes
obtained:


Director:                         Y Ramiah
Category of director:             Executive Director
Date of transaction:              09 June 2016
Total number of units:            26 932
Market value per share:           R63,12
Total deemed value:               R1 699 947.84
Price paid on delivery:           Rnil
The nature and extent of the      Direct beneficial
director’s interest in the
transaction:
Class of securities:              Ordinary shares
Nature of transaction:            Delivery of Sanlam ordinary shares
                                  under Deferred and Performance Share
                                  Plans
On market/Off market trade        Off Market
Prior authority to transact       Yes
obtained:


Director:                         Y Ramiah
Category of director:             Executive Director
Date of transaction:              09 June 2016
Total number of units:            11 311
Class of securities:              Ordinary shares
Nature of interest:               Direct beneficial
Nature of transaction:            Sale of Sanlam ordinary shares under
                                  Deferred and Performance Share Plans
                                  to meet income tax obligations on
                                  vesting of shares
Total transaction value:          R713 978.09
On market/Off market trade        On Market
Prior authority to transact       Yes
obtained:


Bellville
14 June 2016

Sponsor Deutsche Securities (SA) Proprietary Limited

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