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PEREGRINE HOLDINGS LIMITED - Dealing In Securities By An Associate Of A Director Of The Company

Release Date: 29/09/2016 15:52
Code(s): PGR     PDF:  
Wrap Text
PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
JSE share code: PGR ISIN: ZAE000078127
('Peregrine' or 'the company')



DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY
Shareholders are referred to the announcement released on SENS on 3 July 2014 wherein shareholders were advised that PGR 2 Investments (Pty) Ltd ('PGR 2'), an associate of Sean Melnick (by virtue of his indirect holding of 100% of PGR 2), a director of the company, had entered into a zero-cost collar hedge (the 'collar'), in respect of in aggregate 1 500 000 Peregrine shares, which collar would settle in 6 equal tranches of 250 000 Peregrine shares each weekly from 21 August 2016 to 25 September 2016 (each referred to as a 'settlement date'), each option in respect thereof having a put strike price of R18.95 and a call strike price of R32.23.
The share price of Peregrine shares at the settlement date of 26 September 2016 was higher than the put price of R18.95 and lower than the call strike price of R32.23. As a result thereof neither of the options was exercised and there will be no change in the beneficial ownership in respect of the director's shareholding. 29 September 2016 Joint sponsor Java Capital Joint sponsor Deloitte & Touche Sponsor
Date: 29/09/2016 03:52:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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