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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').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
