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JASCO ELECTRONICS HOLDINGS LIMITED - Prescribed officer dealing in securities

Release Date: 14/10/2016 13:15
Code(s): JSC     PDF:  
Wrap Text
Prescribed officer 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”)


PRESCRIBED OFFICER DEALING IN SECURITIES


In compliance with the requirements of rules 3.63 to 3.74 of the
JSE Limited Listings Requirements (“Listings Requirements”), the
following information is disclosed:

Name of company            : Jasco Electronics Holdings Limited

Name of prescribed officer: TS Petje, director of Jasco Trading
                             (Pty) Limited, a major subsidiary of
                             Jasco
Class of securities        : Options in Jasco ordinary shares
Date of transaction        : 13 October 2016
Nature of transaction      : Grant of Options
Nature of interest         : Direct beneficial
No of options              : 465 702
Option strike price        : 93 cents per share
Option strike date         : 3 October 2016
Period of exercise
and/or vesting            : - after 2 years have elapsed from the
                              date on which the option is granted,
                              in respect of not more than fifty
                              percent of the options which are the
                              subject of that option;
                            - after 3 years have elapsed from the
                              date on which the option is granted,
                              in respect of not more than seventy-
                              five percent of the options which
                              are the subject of that option; and
                            - after 4 years have elapsed from the
                              date on which the option is granted,
                              in respect of all the options which
                              are the subject of that option.
Value of transaction       : R433 103

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

Johannesburg
14 October 2016
Sponsor: Grindrod Bank Limited

Date: 14/10/2016 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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