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TRANSACTION CAPITAL LIMITED - Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan (CSP)

Release Date: 09/06/2017 10:21
Code(s): TCP     PDF:  
Wrap Text
Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan (“CSP”)

Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
(“Transaction Capital” or “the company”)

ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE TRANSACTION CAPITAL CONDITIONAL SHARE PLAN (“CSP”)

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby
given that the following director of the company and director of a major subsidiary of the company have
accepted a conditional award of Transaction Capital shares in terms of the CSP.

CSP awards are subject to retention and performance criteria and vest as follows:

    -   30% of award to vest in full after 3 years, subject to continued employment.
    -   70% of award to vest in equal proportions in years 2, 3 and 4 linked to predefined performance criteria.
    -   All CSP awards have a strike price of Rnil.

Clearances in terms of the JSE Limited Listing Requirements were obtained.

Name of director                                 Mark Herskovits
Name of company                                  Transaction Capital Limited
Date transaction was effected                    8 June 2017
Class of security                                CSP awards in respect of ordinary shares
Number of CSP awards                             214,988
Total value                                      R1,750,000
Nature of transaction                            Off market acceptance of allocation of CSP awards
Nature of interest                               Direct beneficial

Name of director                                 Lorenzo Cardoso
Name of company                                  SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected                    8 June 2017
Class of security                                CSP awards in respect of ordinary shares
Number of CSP awards                             128,993
Total value                                      R1,050,000
Nature of transaction                            Off market acceptance of allocation of CSP awards
Nature of interest                               Direct beneficial

Dunkeld West
9 June 2017

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 09/06/2017 10:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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