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TONGAAT HULETT LIMITED - Share Scheme Transactions

Release Date: 26/01/2018 15:36
Code(s): TON     PDF:  
Wrap Text
Share Scheme Transactions

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

TONGAAT HULETT: SHARE SCHEME TRANSACTIONS

In accordance with the JSE Listings Requirements, the following is
disclosed in respect of an executive director - the Chief Executive
Officer and share scheme transactions:


SHARE APPRECIATION RIGHTS – these relate to rights that will expire
shortly and which were granted in 2011 with a grant price of R90,42.
The requisite performance conditions were fully met in 2014. An
election has been made to exercise rights, pay tax and retain
shares. 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:                              P H Staude
NUMBER OF RIGHTS EXERCISED:                      87,397
NUMBER OF SHARES DELIVERED:                      20,894
TOTAL VALUE(RANDS):                              R2,445,434
NUMBER OF SHARES SUBSEQUENTLY SOLD TO PAY TAX:   9,611
NUMBER OF SHARES RETAINED:                       11,283
PRICE PER SHARE:                                 R117.04
CLASS OF SECURITIES: Ordinary shares
DATE: 26 January 2018
EXTENT OF INTERESTS: Direct and beneficial
CLEARANCE TO TRANSACT: Yes
PURCHASED/SOLD ON MARKET: Yes


Tongaat
26 January 2018


Sponsor: Investec Bank Limited

Date: 26/01/2018 03:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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