COMBINED MOTOR HOLDINGS LIMITED - Dealing in securities through share appreciation

Release Date: 06/06/2018 10:30
Code(s): CMH
 
Wrap Text
Dealing in securities through share appreciation

Combined Motor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
Share code: CMH     ISIN: ZAE000088050
(“the Company”)

DEALING IN SECURITIES THROUGH SHARE APPRECIATION RIGHTS
In compliance with the requirements of paragraphs 3.63 to 3.74
of the JSE Limited Listings Requirements, the following grants
and acceptances of equity-settled share appreciation rights
(“SARs”) in terms of the Company´s Share Appreciation Rights
Scheme 2010, should be noted:

Executive director:          Bruce William John Barritt
Date of grant:               1 June 2018
Date of acceptance:          6 June 2018
Number of SARs:              100 000
Grant price:                 R33.00
Vesting date:                1/3 - 1 June 2021
                             1/3 - 1 June 2022
                             1/3 - 1 June 2023
Lapse date:                  6 months after vesting
Performance criteria:        Achievement of agreed earnings
                             per share targets over the
                             vesting period
Extent of interest:          Direct beneficial
Clearance obtained:          Yes

Company secretary:           Kerrianne Fonseca
Date of grant:               1 June 2018
Date of acceptance:          6 June 2018
Number of SARs:              40 000
Grant price:                 R33.00
Vesting date:                1/3 - 1 June 2021
                             1/3 - 1 June 2022
                             1/3 - 1 June 2023
Lapse date:                  6 months after vesting
Performance criteria:        Achievement of agreed earnings
                             per share targets over the
                             vesting period
Extent of interest:          Direct beneficial
Clearance obtained:          Yes

Name of major subsidiary:     Kempster Sedgwick Proprietary
                              Limited
Director of major subsidiary: Steven Leslie Atkinson
Date of grant:                1 June 2018
Date of acceptance:           6 June 2018
Number of SARs:               100 000
Grant price:                  R33.00
Vesting date:                 1/3 - 1 June 2021
                             1/3 - 1 June 2022
                             1/3 - 1 June 2023
Lapse date:                  6 months after vesting
Performance criteria:        Achievement of agreed earnings
                             per share targets over the
                             vesting period
Extent of interest:          Direct beneficial
Clearance obtained:          Yes


A value cannot be attributed to the SARS until the vesting
dates.

All the aforementioned were off-market transactions.

Durban
6 June 2018

Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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