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MURRAY & ROBERTS HOLDINGS LIMITED - Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Forfeitable Share Plan (FSP)

Release Date: 07/11/2016 12:40
Code(s): MUR     PDF:  
Wrap Text
Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Forfeitable Share Plan (“FSP”)

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
(“Murray & Roberts” or “Company”)

Allocation of forfeitable shares in terms of the Murray & Roberts Holdings Forfeitable
Share Plan (“FSP”)

Shareholders are advised of the award of forfeitable shares in terms of the FSP to executive
directors and the company secretary of Murray & Roberts and to executive directors of
subsidiary company Murray & Roberts Limited. In terms of the rules of the FSP, the
forfeitable shares will be held in escrow until the vesting date. The forfeitable shares
allocated under the FSP are subject to performance conditions based on Return on Invested
Capital Employed, Relative Total Shareholder Return and Free Cash-flow per Share. The
vesting period is three years from award date and vesting is subject to the performance
conditions and continued employment by the executives.

The required shares will be bought on market. The nature of interest of each award to
participants of the FSP is direct and beneficial. Clearance to deal in these securities has
been obtained in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited.
The following executives have been allocated forfeitable shares on 2 November 2016 at
R13.97 per ordinary share:

Name of director:                   HJ Laas
Company:                            Murray & Roberts Holdings Limited
Forfeitable shares awarded:         842 500 ordinary shares
Value of transaction:               R 11 769 725

Name of director:                   AJ Bester
Company:                            Murray & Roberts Holdings Limited
Forfeitable shares awarded:         476 500 ordinary shares
Value of transaction:               R 6 656 705

Name of company secretary:          L Kok
Company:                            Murray & Roberts Holdings Limited
Forfeitable shares awarded:         47 500 ordinary shares
Value of transaction:               R 663 575

Name of subsidiary director:        O Fenn
Subsidiary company:                 Murray & Roberts Limited
Forfeitable shares awarded:         366 000 ordinary shares
Value of transaction:               R 5 113 020
Name of subsidiary director:       ST Harrison
Subsidiary company:                Murray & Roberts Limited
Forfeitable shares awarded:        248 000 ordinary shares
Value of transaction:              R 3 464 560

Name of subsidiary director:       IW Henstock
Subsidiary company:                Murray & Roberts Limited
Forfeitable shares awarded:        291 000 ordinary shares
Value of transaction:              R 4 065 270

Name of subsidiary director:       WT Mdluli
Subsidiary company:                Murray & Roberts Limited
Forfeitable shares awarded:        161 500 ordinary shares
Value of transaction:              R 2 256 155

Bedfordview
7 November 2016

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 07/11/2016 12:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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