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SYGNIA LIMITED - Dealing in securities by a director

Release Date: 20/02/2017 17:23
Code(s): SYG     PDF:  
Wrap Text
Dealing in securities by a director

SYGNIA LIMITED
Incorporated in the Republic of South Africa)
Registration number 2007/025416/06)
Share code on the JSE: SYG ISIN: ZAE000208815
("Sygnia")

DEALING IN SECURITIES BY A DIRECTOR

In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements,
the following information, relating to the dealing in securities, is disclosed:

Name:                                Michael Buckham
Designation:                         Financial Director
Type and Class of securities:        Share options to acquire ordinary shares
Date of award and acceptance:        20 February 2017
Option strike price:                 R15.85 (Sygnia’s 30-day volume weighted
                                     average trade price as at 17 February
                                     2017)
Number of share options awarded:     315 493
Total rand value of options:         R5,000,000
Exercise periods:                    20% after the 3rd anniversary date
                                     30% after the 4th anniversary date
                                     50% after the 5th anniversary date
Nature of transaction:               Grant and acceptance of share options in
                                     terms of the Sygnia Limited Employee
                                     Share Option Scheme (off market)
Extent of interest:                  Direct beneficial
Clearance obtained:                  Yes

20 February 2017

Sponsor
Nedbank Corporate and Investment Banking

Date: 20/02/2017 05:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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