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WILSON BAYLY HOLMES-OVCON LIMITED - Granting of rights to participate in the 2013 WBHO share plan approved by shareholders at the Annual General Meeting

Release Date: 08/12/2016 15:26
Code(s): WBO     PDF:  
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Granting of rights to participate in the 2013 WBHO share plan approved by shareholders at the Annual General Meeting

WILSON BAYLY HOLMES - OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)


GRANTING OF RIGHTS TO PARTICIPATE IN THE 2013 WBHO SHARE PLAN APPROVED BY SHAREHOLDERS AT
THE ANNUAL GENERAL MEETING IN NOVEMBER 2014


Executive Directors, Prescribed Officers and the Company Secretary have been granted rights (off-market) to
participate in the Company’s share incentive plan as follows:


Performance share awards, which are subject to performance conditions and vest after three years.


Executive Directors:
E L Nel                    17,500 conditional awards
C V Henwood                16,000 conditional awards


Prescribed Officers:
P J Foley                  16,000 conditional awards
R M Smith                  16,000 conditional awards
E A Mashishi               10,000 conditional awards


Company Secretary:
S Vally-Kara               4,000 conditional awards


Share appreciation rights, which are subject to performance conditions and vest in equal thirds no earlier than
the third, fourth and fifth anniversaries, with a grant price of R147.47.


Executive Directors:
E L Nel                    17,500 rights
C V Henwood                16,000 rights


Prescribed Officers:
P J Foley                  16,000 rights
R M Smith                  16,000 rights
E A Mashishi               10,000 rights

                                                       
Company Secretary:
S Vally-Kara               4,000 rights




The effective date of the above transactions will be 7 December 2016, approval for the individual allocations
has been given by the Remuneration Committee.


By order of the board




Johannesburg
8 December 2016




Sponsor: Investec Bank Limited




                                                       

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