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VALUE GROUP LIMITED - Directors Dealing in Securities

Release Date: 21/02/2018 15:50
Code(s): VLE     PDF:  
Wrap Text
Directors Dealing in Securities

Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN: ZAE000016507


DIRECTORS DEALING IN SECURITIES

In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the following
information is disclosed:

Company Director                     :       Mano Padiyachy
Date of grant                        :       21 February 2018
Date of acceptance                   :       21 February 2018
Nature of transaction                :       Allocation of share options
Number of securities                 :       250 000
Class of securities                  :       Ordinary shares
Strike price of options              :       419 cents per share
Total value                          :       R1,047,500.00
Nature of interest                   :       Direct beneficial

Clearance was given for the above-mentioned off market transaction in terms of
paragraph 3.66 of the JSE Listings Requirements.

The vesting conditions of the options granted are as follows:

Up to 25% after the second anniversary of acceptance date;
Up to 50% after the third anniversary of acceptance date;
Up to 75% after the fourth anniversary of acceptance date;
Up to 100% after the fifth anniversary of acceptance date.

The contractual life of the options granted is ten years from the acceptance date.




21 February 2018

Sponsor:
Investec Bank Limited

Date: 21/02/2018 03:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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