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PEREGRINE HOLDINGS LIMITED - Dealing in securities by a director of the company

Release Date: 09/01/2017 11:30
Code(s): PGR     PDF:  
Wrap Text
Dealing in securities by a director of the company

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 A DIRECTOR OF THE COMPANY


Shareholders are referred to the announcement released on SENS on 8 July 2015 wherein shareholders were
advised that Mandy Yachad, a director of the company, had entered into a zero-cost collar hedge (the “collar”),
in respect of 250 000 Peregrine shares, which collar would settle on 5 January 2017, having a put strike price of
R31.90 and a call strike price of R38.92. As the share price of Peregrine shares on 5 January 2017 was lower
than the put strike price of R31.90 and the call strike price of R38.92, the collar was automatically settled
off-market by the retention of 250 000 Peregrine shares by the relevant counterparty (which held them pursuant
to a pledge and securities loan arrangement) under the collar and payment to Mandy Yachad in cash of the put
strike price, being in aggregate R7 975 000.

9 January 2017

Joint sponsor
Java Capital

Joint sponsor
Deloitte & Touche Sponsor 
Date: 09/01/2017 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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