DENEB INVESTMENTS LIMITED - Acceptance Of Options Granted In Terms Of The Deneb Investments Employee Share Scheme

Release Date: 19/06/2018 15:35
Code(s): DNB
 
Wrap Text
Acceptance Of Options Granted In Terms Of The Deneb Investments Employee Share Scheme

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB ISIN: ZAE000197398
(“Deneb” or the “Company”)

ACCEPTANCE OF OPTIONS GRANTED IN TERMS OF THE DENEB INVESTMENTS EMPLOYEE
SHARE SCHEME

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information
is disclosed:

 NAME OF DIRECTOR                   S A Queen
 COMPANY OF WHICH I AM A DIRECTOR   Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                 Options to subscribe for ordinary shares
 CLASS OF SECURITIES                Ordinary
 DATE OF SHARE OPTION ACCEPTANCE    18 June 2018
 OPTION STRIKE PRICE (CENTS)        201
 NUMBER OF OPTIONS ALLOCATED        1,489,586
 TOTAL RAND VALUE OF OPTIONS        R2 994 067.86
 VESTING DATES OF OPTIONS           The options will vest in 4 tranches, on the
                                    following dates:
                                    10% from 18 June 2019
                                    20% from 18 June 2020
                                    30% from 18 June 2021
                                    40% from 18 June 2022
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct Beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for ordinary
                                    shares in terms of a share incentive scheme
                                    (off-market transaction)
 CLEARANCE OBTAINED                 Yes


 NAME OF DIRECTOR                   D Duncan
 COMPANY OF WHICH I AM A DIRECTOR   Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                 Options to subscribe for ordinary shares
 CLASS OF SECURITIES                Ordinary
 DATE OF SHARE OPTION ACCEPTANCE    18 June 2018
 OPTION STRIKE PRICE (CENTS)        201
 NUMBER OF OPTIONS ALLOCATED        1,073,155
 TOTAL RAND VALUE OF OPTIONS        R2 157 041.55
 STRIKE DATES OF OPTIONS            10% from 18 June 2019
                                    20% from 18 June 2020
                                    30% from 18 June 2021
                                    40% from 18 June 2022
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct Beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for ordinary
                                    shares in terms of a share incentive scheme
                                    (off-market transaction)
 CLEARANCE OBTAINED                 Yes


 NAME OF DIRECTOR                   G D T Wege
 COMPANY OF WHICH I AM A DIRECTOR   Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                 Options to subscribe for ordinary shares
 CLASS OF SECURITIES                Ordinary
 DATE OF SHARE OPTION ACCEPTANCE    18 June 2018
 OPTION STRIKE PRICE (CENTS)        201
 NUMBER OF OPTIONS ALLOCATED        722,214
 TOTAL RAND VALUE OF OPTIONS        R1,451,650.14
 VESTING DATES OF OPTIONS           The options will vest in 4 tranches, on the
                                    following dates:
                                    10% from 18 June 2019
                                    20% from 18 June 2020
                                    30% from 18 June 2021
                                    40% from 18 June 2022
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct Beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for ordinary
                                    shares in terms of a share incentive scheme
                                    (off-market transaction)
 CLEARANCE OBTAINED                 Yes


 NAME OF DIRECTOR                   A Ntuli
 COMPANY OF WHICH I AM A DIRECTOR   Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                 Options to subscribe for ordinary shares
 CLASS OF SECURITIES                Ordinary
 DATE OF SHARE OPTION ACCEPTANCE    18 June 2018
 OPTION STRIKE PRICE (CENTS)        201
 NUMBER OF OPTIONS ALLOCATED        60,626
 TOTAL RAND VALUE OF OPTIONS        R121,858.26
 STRIKE DATES OF OPTIONS            The options will vest in 4 tranches, on the
                                    following dates:
                                    10% from 18 June 2019
                                    20% from 18 June 2020
                                    30% from 18 June 2021
                                    40% from 18 June 2022
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct Beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for ordinary
                                    shares in terms of a share incentive scheme
                                    (off-market transaction)
 CLEARANCE OBTAINED                 Yes


 NAME OF DIRECTOR                   I N Morris
 COMPANY OF WHICH I AM A DIRECTOR   Prima Toy and Leisure Trading (Pty) Ltd
 STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                 Options to subscribe for ordinary shares
 CLASS OF SECURITIES                Ordinary
 DATE OF SHARE OPTION ACCEPTANCE    18 June 2018
 OPTION STRIKE PRICE (CENTS)        201
 NUMBER OF OPTIONS ALLOCATED        535,957
 TOTAL RAND VALUE OF OPTIONS        R1,077,273.57
 VESTING DATES OF OPTIONS           The options will vest in 4 tranches, on the
                                    following dates:
                                    10% from 18 June 2019
                                    20% from 18 June 2020
                                    30% from 18 June 2021
                                    40% from 18 June 2022
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct Beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for ordinary
                                    shares in terms of a share incentive scheme
                                    (off-market transaction)
 CLEARANCE OBTAINED                 Yes


 NAME OF DIRECTOR                   F Nussbaum
 COMPANY OF WHICH I AM A DIRECTOR   Prima Toy and Leisure Trading (Pty) Ltd
 STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                 Options to subscribe for ordinary shares
 CLASS OF SECURITIES                Ordinary
 DATE OF SHARE OPTION ACCEPTANCE    18 June 2018
 OPTION STRIKE PRICE (CENTS)        201
 NUMBER OF OPTIONS ALLOCATED        565,446
 TOTAL RAND VALUE OF OPTIONS        R1,136,546.46
 VESTING DATES OF OPTIONS           The options will vest in 4 tranches, on the
                                    following dates:
                                    10% from 18 June 2019
                                    20% from 18 June 2020
                                    30% from 18 June 2021
                                    40% from 18 June 2022
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct Beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for ordinary
                                    shares in terms of a share incentive scheme
                                    (off-market transaction)
 CLEARANCE OBTAINED                 Yes



Cape Town
19 June 2018

Sponsor
PSG Capital

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