To view the PDF file, sign up for a MySharenet subscription.

TONGAAT HULETT LIMITED - Share Scheme Transactions: Executive Directors And Company Secretary

Release Date: 27/06/2017 12:00
Code(s): TON     PDF:  
Wrap Text
Share Scheme Transactions: Executive Directors And Company Secretary

Tongaat Hulett Limited
Registration number 1892/000610/06
Share code: TON
ISIN ZAE000096541

TONGAAT HULETT: SHARE SCHEME TRANSACTIONS: EXECUTIVE DIRECTORS AND
COMPANY SECRETARY

VESTING OF AWARDS IN TERMS OF THE DEFERRED BONUS PLAN - Matching awards have vested in
respect of the deferred bonus plan shares acquired by the executive directors using their annual bonuses in 2014
and which they continue to hold. This results in a number of matching shares being acquired and delivered to
the following executive directors:

EXECUTIVE DIRECTOR:                                                          PH STAUDE
NUMBER OF SHARES DELIVERED:                                                  17 451
TOTAL VALUE (RANDS):                                                         R2 071 259
NUMBER OF SHARES SUBSEQUENTLY SOLD:                                          17 451
PRICE PER SHARE:                                                             R118.69

EXECUTIVE DIRECTOR:                                                          MH MUNRO
NUMBER OF SHARES DELIVERED:                                                  5 539
TOTAL VALUE (RANDS):                                                         R657 424
NUMBER OF SHARES SUBSEQUENTLY SOLD:                                          2 548
NUMBER OF SHARES RETAINED:                                                   2 991
PRICE PER SHARE:                                                             R118.69

TRANSACTION DATE:                                                            23 JUNE 2017


SHARE APPRECIATION RIGHTS - these relate to rights that are expiring and which were granted in 2010
with a grant price of R97,49. The requisite performance conditions were met in 2013. An election has been
made to exercise these rights. This results in a calculated (i.e. in respect of the appreciation above the grant
price) number of shares being acquired and delivered, as follows:

EXECUTIVE DIRECTOR:                                                          PH STAUDE
NUMBER OF RIGHTS EXERCISED:                                                  74 289
NUMBER OF SHARES DELIVERED:                                                  15 574
TOTAL VALUE (RANDS):                                                         R1 848 478
NUMBER OF SHARES SUBSEQUENTLY SOLD:                                          15 574
PRICE PER SHARE:                                                             R118.69


EXECUTIVE DIRECTOR:                                                          MH MUNRO
NUMBER OF RIGHTS EXERCISED:                                                  23 638
NUMBER OF SHARES DELIVERED:                                                  4 955
TOTAL VALUE (RANDS):                                                         R588 109
NUMBER OF SHARES SUBSEQUENTLY SOLD:                                          2 279
NUMBER OF SHARES RETAINED:                                                   2 676
PRICE PER SHARE:                                                             R118.69

TRANSACTION DATE:                                                           23 JUNE 2017

VESTING OF AWARDS IN TERMS OF THE LONG TERM INCENTIVE PLAN - Taking into account the
extent to which the performance conditions were met, 37,5% of instruments granted under the Long Term
Incentive Plan in 2014 have vested. This results in a number of shares being acquired on market and delivered
to the following executive directors and company secretary:

EXECUTIVE DIRECTOR:                                                       PH STAUDE
NUMBER OF SHARES DELIVERED:                                               18 429
TOTAL VALUE (RANDS):                                                      R2 187 338
NUMBER OF SHARES SUBSEQUENTLY SOLD:                                       18 429
PRICE PER SHARE:                                                          R118.69

EXECUTIVE DIRECTOR:                                                       MH MUNRO
NUMBER OF SHARES DELIVERED:                                               7 658
TOTAL VALUE (RANDS):                                                      R908 928
NUMBER OF SHARES SUBSEQUENTLY SOLD:                                       7 658
PRICE PER SHARE:                                                          R118.69

COMPANY SECRETARY:                                                        M A C MAHLARI
NUMBER OF SHARES DELIVERED:                                               1 747
TOTAL VALUE (RANDS):                                                      R207 351
NUMBER OF SHARES SUBSEQUENTLY SOLD:                                       1 747
PRICE PER SHARE:                                                          R118.69

TRANSACTION DATE:                                                        23 JUNE 2017


CLASS OF SECURITIES: Ordinary shares
EXTENT OF INTERESTS: Direct and beneficial
CLEARANCE TO TRANSACT: Yes
PURCHASED/SOLD ON MARKET: Yes


Tongaat
27 JUNE 2017

Sponsor: Investec Bank limited

Date: 27/06/2017 12:00:00 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.

Share This Story