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Director’s dealing in securities
Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
("Invicta" or “the Company)
Director’s dealing in securities
Shareholders are referred to the announcement released on SENS on 4 February 2015 wherein shareholders
were advised that Charles Walters, an executive director of the Company, had entered into a cost collar in
respect of 120 000 ordinary shares, which cost collar would settle in 3 equal tranches of 40 000 ordinary
shares each, at the respective settlement dates of the tranches being 27 January 2017 (“1st Settlement
Date”), 10 February 2017 (“2nd Settlement Date”) and 24 February 2017 (“3rd Settlement Date”), with all
tranches having a put strike price of R68.16 and a call strike price of R107.54.
On the 1st Settlement Date being 27 January 2017, the first tranche of the cost collar expired. With Invicta’s
share price closing at R63.00 a share, the put strike was exercised resulting in 40 000 Invicta shares being
delivered off market to the relevant financial institution at a price of R68.16 per share, amounting to
R2 726 400.00.
The shareholding is a direct beneficial interest and the chairman’s approval was obtained by the director at
the time of entering into the cost collar.
Invicta is currently trading under cautionary and accordingly in a prohibited/closed period. Since the 1st
Settlement Date occurred during the prohibited/closed period, it is noted that the director had no discretion
in the transaction and in terms of paragraph 3.70 of the JSE Limited Listings Requirements (“Listings
Requirements”), the Company on behalf of the director (prior to the 1st Settlement Date), applied for a
formal ruling from the JSE Limited (“JSE”) to waive compliance with paragraph 3.69 of the Listings
Requirements in so far as the cost collar expiry and exercise of the put strike price by the financial
institution, would occur in a prohibited/closed period. The waiver was granted by the JSE.
Cape Town
30 January 2017
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 30/01/2017 04:34:00 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.
