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SANTOVA LIMITED - Exercising of Share Options and Subsequent Sale by a Director

Release Date: 07/06/2018 16:32
Code(s): SNV
 
Wrap Text
Exercising of Share Options and Subsequent Sale by a Director

SANTOVA LIMITED
(Registration number: 1998/018118/06)
Share code: SNV
ISIN: ZAE000159711

EXERCISING OF SHARE OPTIONS AND SUBSEQUENT SALE BY A DIRECTOR

In compliance with the JSE Listings Requirements, the following information is disclosed:

Name of Director:               DC Edley
Name of Company:                Santova Limited

Nature of transaction:          Off market exercise of share options
Exercise date:                  1 June 2018
Class of securities:            Ordinary shares
Nature of interests:            Direct beneficial

(1)     Number of options:               450 000
        Option grant date:               30 November 2012
        Option Strike price:             85 cents per share
        Total value:                     R382 500

(2)     Number of options:               350 000
        Option grant date:               26 May 2014
        Option Strike price:             186 cents per share
        Total value:                     R651 000

Nature of transaction:          On-market sale of shares following the exercise of share options
Class of securities:            Ordinary shares
Nature of interests:            Direct beneficial

(1)     Number of shares:                         510 860
        Date of transaction:                      6 June 2018
        Volume weighted average price:            350 cents per share
        Highest price:                            353 cents per share
        Lowest price:                             350 cents per share
        Total value:                              R1 788 048

(2)     Number of shares:                         289 140
        Date of transaction:                      7 June 2018
        Volume weighted average price:            340 cents per share
        Highest price:                            345 cents per share
        Lowest price:                             340 cents per share
        Total value:                              R983 923



Clearance for this transaction was provided in terms of section 3.66 of the JSE Listings Requirements.

Durban
7 June 2018
Sponsor
River Group

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