INVICTA HOLDINGS LIMITED - Dealing in securities by an associate of a director

Release Date: 27/07/2018 17:34
Code(s): IVT IVTP
 
Wrap Text
Dealing in securities by an associate of a director

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" or “the Company”)

Dealing in securities by an associate of a director

Shareholders are referred to the long-term loan scheme announced on SENS on 23 June 2011 which
was approved by shareholders on 31 August 2011, in terms of which Invicta’s subsidiary Humulani
Marketing (Pty) Ltd granted loans to executive directors of the Company for the purpose of acquiring
Invicta shares.

The loan scheme has matured and the only remaining executive on the loan scheme, Arnold
Goldstone, has raised funding for the settlement of his loan obligations using a mix of zero-cost collar
transactions and the sale of shares as detailed below. The use of zero-cost collars further protects his
collared shares and the debt raised against it, from any type of margin call in the event of market or
share price volatility.

In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, shareholders are accordingly
advised of the following transactions by an associate of an Invicta director:

    1. Name of director:                 Arnold Goldstone (Chief Executive Officer)
        Name of associate:               Trostin (Pty) Ltd
        Relationship to director:        Mr Goldstone is a director of the associate and is a
                                         beneficiary of the trust that owns the associate
        Date of transaction:             24 July 2018
        Nature of transaction:           Zero-cost collar
        Spot price:                      R34.02
        Put strike price:                R34.02
        Call strike price:               R40.49
        Number of securities:            251 648 ordinary shares in 8 equal tranches of 31 456
                                         shares each, 1 week apart
        Expiry date:                     6 January 2020 in respect of the first tranche; 24 February
                                         2020 in respect of the last tranche
        Nature of Interest:              Indirect beneficial
        Trade:                           Off market
        Clearance obtained:              Yes




    2. Name of director:                 Arnold Goldstone (Chief Executive Officer)
        Name of associate:               Trostin (Pty) Ltd
        Relationship to director:        Mr Goldstone is a director of the associate and is a
                                         beneficiary of the trust that owns the associate
        Date of transaction:             24 July 2018
        Nature of transaction:           Zero-cost collar
   Spot price:                 R34.02
   Put strike price:           R34.02
   Call strike price:          R43.21
   Number of securities:       267 848 ordinary shares in 8 equal tranches of 33 481
                               shares each, 1 week apart
   Expiry date:                29 June 2020 in respect of the first tranche; 17 August 2020
                               in respect of the last tranche
   Nature of Interest:         Indirect beneficial
   Trade:                      Off market
   Clearance obtained:         Yes




3. Name of director:           Arnold Goldstone (Chief Executive Officer)
   Name of associate:          Trostin (Pty) Ltd
   Relationship to director:   Mr Goldstone is a director of the associate and is a
                               beneficiary of the trust that owns the associate
   Date of transaction:        24 July 2018
   Nature of transaction:      Zero-cost collar
   Spot price:                 R34.02
   Put strike price:           R34.02
   Call strike price:          R47.00
   Number of securities:       275 832 ordinary shares in 8 equal tranches of 34 479
                               shares each, 1 week apart
   Expiry date:                4 January 2021 in respect of the first tranche; 22 February
                               2021 in respect of the last tranche
   Nature of Interest:         Indirect beneficial
   Trade:                      Off market
   Clearance obtained:         Yes


4. Name of director:           Arnold Goldstone (Chief Executive Officer)
   Name of associate:          Trostin (Pty) Ltd
   Relationship to director:   Mr Goldstone is a director of the associate and is a
                               beneficiary of the trust that owns the associate
   Date of transaction:        26 July 2018
   Nature of transaction:      Sale of shares
   Number of securities:       19 505 ordinary shares
   Nature of Interest:         Indirect beneficial
   Trade:                      On market


   Price per share:            R34.0974
        Value of transaction:            R665 069.78
        Clearance obtained:              Yes



    5. Name of director:                 Arnold Goldstone (Chief Executive Officer)
        Name of associate:               Trostin (Pty) Ltd
        Relationship to director:        Mr Goldstone is a director of the associate and is a
                                         beneficiary of the trust that owns the associate
        Date of transaction:             27July 2018
        Nature of transaction:           Sale of shares
        Number of securities:            815 433 ordinary shares
        Nature of Interest:              Indirect beneficial
        Trade:                           On market
        Price per share:                 R33.0028
        Value of transaction:            R26 911 572.21
        Clearance obtained:              Yes


For information, the total number of ordinary shares held by Mr Goldstone, directly and indirectly after
the above transactions is 2 392 031.

Cape Town
27 July 2018

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 27/07/2018 05:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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