To view the PDF file, sign up for a MySharenet subscription.

ADVTECH LIMITED - Dealings in Securities by Directors and Office Bearer of the Company

Release Date: 07/12/2016 09:40
Code(s): ADH     PDF:  
Wrap Text
Dealings in Securities by Directors and Office Bearer of the Company

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH          ISIN: ZAE000031035
("ADvTECH” or “the Company”)

DEALINGS IN SECURITIES BY DIRECTORS AND OFFICER BEARER OF THE COMPANY

In terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements the following
information relating to the award of share options to directors of the Company:

Name of Director/Office bearer                    RD Douglas:         Chief Executive Officer
and Designation:                                  JDR Oesch:          Financial Director
                                                  CC Koopman:         Company Secretary
Nature of transaction:                            Award of share options under the ADvTECH
                                                  Limited Share Incentive Scheme (“the Scheme”)
                                                  (Off-market)
Number of options awarded:                        RD Douglas:         166 600 (Direct Beneficial)
                                                  JDR Oesch:          123 300 (Direct Beneficial)
                                                  CC Koopman:          30 000 (Direct Beneficial)
Class of securities:                              Options in relation to Ordinary shares
Grant Date:                                       20 October 2016
Offer Date:                                       6 December 2016
Acceptance Date:                                  7 December 2016
Option Price:                                     R16.96
                                                  (in accordance with Scheme rules, the closing
                                                  middle market price on the day preceding the
                                                  Grant Date)
                                                                                           rd
Periods of exercise and/or vesting:               Subject to the Scheme rules, up to 33 1/3  %
                                                  after the second anniversary of the Offer Date, up
                                                           rd
                                                  to 66 2/3  % after the fourth anniversary of the
                                                  Offer Date, and up to 100% after the sixth
                                                  anniversary of the Offer Date
Total value of options granted based on Option    RD Douglas:         R2 825 536
Price:                                            JDR Oesch:          R2 091 168
                                                  CC Koopman          R 508 800
Clearance to deal obtained:                       Yes

7 December 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 07/12/2016 09:40:00 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.

Share This Story