INVICTA HOLDINGS LIMITED - Grant and acceptance of Long Term Bonus and Share Incentive Rights (LBSIRs)

Release Date: 09/07/2018 16:39
Code(s): IVT IVTP
 
Wrap Text
Grant and acceptance of Long Term Bonus and Share Incentive Rights (“LBSIRs”)

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN ZAE000173399
(“Invicta”)

Grant and acceptance of Long Term Bonus and Share Incentive Rights (“LBSIRs”)

In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:

        Name of director:        N Rajmohamed (Financial director)
        Company:                 Invicta Holdings Limited
        Nature of transaction:   Grant and acceptance of LBSIRs in terms of the Invicta LBSIR
                                 Scheme. The participant will be paid for each LBSIR granted by the
                                 growth in value of the LBSIR as calculated from the Grant date and
                                 Grant price till the Exercise Date. The LBSIR payment will be made in
                                 Invicta ordinary shares.
        Number of LBSIRs:        75 834
        Class of securities:     Long Term Bonus and Share Incentive Rights in respect of ordinary
                                 Invicta shares
        Grant date:              6 July 2018
        Acceptance date:         6 July 2018
        Grant price per LBSIR:   R35.82
        Value per LBSIR:         R9.89
        Value of transaction:    R749 998.26
        Vesting period:          LBSIRs will vest as follows:
                                 31 March 2021 - 50%
                                 31 March 2022 - 25%
                                 31 March 2023 - 25%
        Nature of interest:      Direct beneficial
        Trade:                   Off-market
        Clearance obtained:      Yes

Cape Town
9 July 2018

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

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