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PPC LIMITED - Allocation of Forfeitable Shares and Share Appreciation Rights

Release Date: 01/09/2016 15:50
Code(s): PPC     PDF:  
Wrap Text
Allocation of Forfeitable Shares and Share Appreciation Rights

PPC Ltd
Incorporated in the Republic of South Africa
Registration number 1892/000667/06
JSE share code: PPC
ZSE share code: PPC
JSE ISIN: ZAE000170049
(“PPC” or the “Company”)

ALLOCATION OF FORFEITABLE SHARES AND SHARE APPRECIATION RIGHTS

In accordance with paragraph 3.63 of the JSE Listings Requirements,
shareholders are advised that the following directors and company
secretary of the Company have been awarded and accepted forfeitable
shares in terms of the company’s Forfeitable Share Plan (FSP) and
the reported share appreciation rights (“SARs”):



Name of executive director:           Darryll John Castle
Designation:                          Chief Executive Officer
Number of FSP shares awarded:         330 300 FSP shares of which
                                      206 400 are subject to
                                      performance conditions
Price at which shares were awarded:   R8.72
Value:                                R2 880 216
Date of award:                        30 August 2016
Acceptance of award:                  1 September 2016
Vesting:                              30 August 2019
Number of SARs awarded:               775 800 SARs
Grant price:                          R8.80
Lapse of SARs:                        30 August 2022
Nature of transaction:                Direct beneficial
Clearance obtained:                   Yes


Name of executive director:           Mmakeaya Magoro Tryphosa
                                      Ramano
Designation:                          Chief Financial Officer
Number of shares awarded:             201 800 FSP shares of which
                                      126 100 are subject to
                                      performance conditions
Price at which shares were awarded:   R8.72
Value:                                R1 759 696
Date of award:                        30 August 2016
Acceptance of award:                  1 September 2016
Vesting:                              30 August 2019
Number of SARs awarded:               474 000 SARs
Grant price:                          R8.80
Lapse of SARs:                        30 August 2022
Nature of transaction:                Direct beneficial
Clearance obtained:                   Yes
Name of Company Secretary:            Jacobus Hendrik De La Rey
                                      Snyman
Designation:                          Company Secretary
Number of shares awarded:             119 200 FSP shares of which 74
                                      500 are subject to performance
                                      conditions
Price at which shares were awarded:   R8.72
Value:                                R1 039 424
Date of award:                        30 August 2016
Acceptance of award:                  1 September 2016
Vesting:                              30 August 2019
Nature of transaction:                Direct beneficial
Clearance obtained:                   Yes



All the aforementioned trades were done off-market.

Sandton
1 September 2016

Sponsor:
Merrill Lynch South Africa (Pty) Limited

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za

Financial Communications Advisor:
Instinctif Partners
Morne Reinders
Mobile : +27 (0) 82 325 1810
Morne.Reinders@instinctif.com

Louise Fortuin
Mobile: +27 (0) 71 605 4294
Louise.Fortuin@instinctif.com

Date: 01/09/2016 03:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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