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STADIO HOLDINGS LIMITED - Awarding Of Options To And Acceptance Of Options By Directors

Release Date: 06/10/2017 16:08
Code(s): SDO     PDF:  
Wrap Text
Awarding Of Options To And Acceptance Of Options By Directors

STADIO HOLDINGS LIMITED
(Previously Embury Holdings Proprietary Limited)
(Incorporated in the Republic of South Africa)
Registration number: 2016/371398/06
JSE share code: SDO
ISIN ZAE000248662
(“STADIO”)

AWARDING OF OPTIONS TO AND ACCEPTANCE OF OPTIONS BY DIRECTORS
AND A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE STADIO
GROUP SHARE INCENTIVE TRUST

In compliance with Sections 3.63 to 3.74 of the JSE Limited
Listings Requirements the following information regarding the
award and acceptance of options is disclosed:

1.
NAME OF DIRECTOR              CR van der Merwe

COMPANY OF WHICH I AM A       STADIO Holdings Limited
DIRECTOR

STATUS: EXECUTIVE/NON-        Executive
EXECUTIVE

TYPE AND CLASS OF             Options to subscribe for
SECURITIES                    ordinary shares in STADIO

NATURE OF TRANSACTION         Acceptance of options to
                              subscribe for ordinary shares
                              in STADIO in terms of the
                              STADIO Group Share Incentive
                              Trust (off-market transaction)

DATE OF TRANSACTION (DATE     3 October 2017
OF ACCEPTANCE OF OPTIONS)

DATE OPTIONS WERE AWARDED     3 October 2017

OPTION STRIKE PRICE           R2.96

NUMBER OF OPTIONS AWARDED     4 054 054
AND ACCEPTED

TOTAL RAND VALUE OF OPTIONS   R11 999 999.84
ACCEPTED

STRIKE DATE OF OPTIONS        3 October 2019,
(VESTING DATES OF OPTIONS)*   3 October 2020,
                              3 October 2021, and
                              3 October 2022

PERIOD OF EXERCISE            Participants have a 30 day
                              period from the strike date
                              during which options can be
                              exercised

NATURE AND EXTENT OF          Direct beneficial
INTEREST IN THE TRANSACTION

CLEARANCE OBTAINED IN TERMS   Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS


2.
NAME OF DIRECTOR              S Totaram

COMPANY OF WHICH I AM A       STADIO Holdings Limited
DIRECTOR

STATUS: EXECUTIVE/NON-        Executive
EXECUTIVE

TYPE AND CLASS OF             Options to subscribe for
SECURITIES                    ordinary shares in STADIO

NATURE OF TRANSACTION         Acceptance of options to
                              subscribe for ordinary shares
                              in STADIO in terms of the
                              STADIO Group Share Incentive
                              Trust (off-market transaction)

DATE OF TRANSACTION (DATE     3 October 2017
OF ACCEPTANCE OF OPTIONS)

DATE OPTIONS WERE AWARDED     3 October 2017

OPTION STRIKE PRICE           R2.96

NUMBER OF OPTIONS AWARDED     1 724 838
AND ACCEPTED

TOTAL RAND VALUE OF OPTIONS   R5 105 520.48
ACCEPTED

STRIKE DATE OF OPTIONS        3   October   2019,
(VESTING DATES OF OPTIONS)*   3   October   2020,
                              3   October   2021, and
                              3   October   2022

PERIOD OF EXERCISE            Participants have a 30 day
                              period from the strike date
                              during which options can be
                              exercised

NATURE AND EXTENT OF          Direct beneficial
INTEREST IN THE TRANSACTION

CLEARANCE OBTAINED IN TERMS   Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS


3.
NAME OF DIRECTOR              D Singh

COMPANY OF WHICH I AM A       STADIO Holdings Limited
DIRECTOR

STATUS: EXECUTIVE/NON-        Executive
EXECUTIVE

TYPE AND CLASS OF SECURITIES  Options to subscribe for
                              ordinary shares in STADIO

NATURE OF TRANSACTION         Acceptance of options to
                              subscribe for ordinary shares
                              in STADIO in terms of the
                              STADIO Group Share Incentive
                              Trust (off-market transaction)

DATE OF TRANSACTION (DATE OF  3 October 2017
ACCEPTANCE OF OPTIONS)

DATE OPTIONS WERE AWARDED     3 October 2017

OPTION STRIKE PRICE           R2.96

NUMBER OF OPTIONS ACCEPTED    1 756 757

TOTAL RAND VALUE OF OPTIONS   R5 200 000.72
ACCEPTED

STRIKE DATE OF OPTIONS        3   October   2019,
(VESTING DATES OF OPTIONS)*   3   October   2020,
                              3   October   2021, and
                              3   October   2022

PERIOD OF EXERCISE            Participants have a 30 day
                              period from the strike date
                              during which options can be
                              exercised

NATURE AND EXTENT OF          Direct beneficial
INTEREST IN THE TRANSACTION

CLEARANCE OBTAINED IN TERMS   Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS


4.
NAME OF DIRECTOR              JJ Human

COMPANY OF WHICH I AM A       Embury Institute for Higher
DIRECTOR                      Education Proprietary Limited

STATUS: EXECUTIVE/NON-        Executive
EXECUTIVE

TYPE AND CLASS OF SECURITIES  Options to subscribe for
                              ordinary shares in STADIO

NATURE OF TRANSACTION         Acceptance of options to
                              subscribe for ordinary shares
                              in STADIO in terms of the
                              STADIO Group Share Incentive
                              Trust (off-market transaction)

DATE OF TRANSACTION (DATE OF  3 October 2017
ACCEPTANCE OF OPTIONS)

DATE OPTIONS WERE AWARDED     3 October 2017

OPTION STRIKE PRICE           R2.96

NUMBER OF OPTIONS AWARDED     3 103 310
AND ACCEPTED

TOTAL RAND VALUE OF OPTIONS   R9 185 797.60
ACCEPTED

STRIKE DATE OF OPTIONS        3   October   2019,
(VESTING DATES OF OPTIONS)*   3   October   2020,
                              3   October   2021, and
                              3   October   2022

PERIOD OF EXERCISE            Participants have a 30 day
                              period from the strike date
                              during which options can be
                              exercised

NATURE AND EXTENT OF          Direct beneficial
INTEREST IN THE TRANSACTION

CLEARANCE OBTAINED IN TERMS   Yes
OF SECTION 3.66 OF THE JSE
LISTINGS REQUIREMENTS

*The options will vest in 4 tranches of 25% each on the strike
dates specified above.

Durbanville
06 October 2017

Sponsor: PSG Capital Proprietary Limited

Date: 06/10/2017 04:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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