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JASCO ELECTRONICS HOLDINGS LIMITED - Director dealing in securities

Release Date: 14/06/2016 17:42
Code(s): JSC     PDF:  
Wrap Text
Director dealing in securities

JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
("Jasco" or “the Group”)



DIRECTOR DEALING IN SECURITIES


In compliance with the requirements of rules 3.63 to 3.74 of the
JSE Limited Listings Requirements (“Listings Requirements”), the
board approved the dealings in securities by directors and
accordingly the following information is disclosed:

Name of company         : Jasco Electronics Holdings Limited
Name of director        : AMF Da Silva, an executive director of
                          Jasco
Class of securities     : Jasco ordinary shares
Date of transaction     : 13 June 2016
Nature of transaction   : Grant of shares
Nature of interest      : Direct beneficial
No of shares            : 1 328 818
Share strike price      : 81 cents per share
Share strike date       : 27 May 2016
Period of exercise
and/or vesting          : - after 2 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than fifty percent of the
                             shares which are the subject of that
                             share;

                          - after 3 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than seventy five percent of
                             the shares which are the subject of that
                             share; and

                          -  after 4 years have elapsed from the date
                             on which the share is granted, in respect
                             of all the shares which are the subject
                             of that share.
Value of transaction    : R1 076 343

Name of company         : Jasco Electronics Holdings Limited
Name of director        : Warren Prinsloo, an executive director
                          of Jasco
Class of securities     : Jasco ordinary shares
Date of transaction     : 13 June 2016
Nature of transaction   : Grant of shares
Nature of interest      : Direct beneficial
No of shares            : 834 881
Share strike price      : 81 cents per share
Share strike date       : 27 May 2016
Period of exercise
and/or vesting          : - after 2 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than fifty percent of the
                             shares which are the subject of that
                             share;

                          - after 3 years have elapsed from the date
                             on which the share is granted, in respect
                             of not more than seventy five percent of
                             the shares which are the subject of that
                             share; and

                          -  after 4 years have elapsed from the date
                             on which the share is granted, in respect
                             of all the shares which are the subject
                             of that share.
Value of transaction    : R676 254


Clearance to for all the transactions have been obtained in
terms of section 3.66 of the Listings Requirements.
Johannesburg

14 June 2016

Sponsor: Grindrod Bank Limited

Date: 14/06/2016 05:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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