PSG GROUP LIMITED - Exercise Of Share Options In Terms Of The PSG Group Limited Supplementary Share Incentive Trust

Release Date: 02/08/2018 17:35
Code(s): PSG
 
Wrap Text
Exercise Of Share Options In Terms Of The PSG Group Limited Supplementary Share Incentive Trust

PSG GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1970/008484/06)
Share code: PSG
ISIN: ZAE000013017
(“PSG Group”)


EXERCISE OF SHARE OPTIONS IN TERMS OF THE PSG GROUP LIMITED
SUPPLEMENTARY SHARE INCENTIVE TRUST (“SIT”)

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

A) EXERCISE OF SHARE OPTIONS PREVIOUSLY GRANTED IN TERMS OF THE SIT

     NAME OF DIRECTOR                            JF Mouton

     COMPANY OF WHICH I AM A                     PSG Group Limited
     DIRECTOR

     STATUS: EXECUTIVE/NON-                      Non-executive
     EXECUTIVE

     TYPE OF SECURITIES                          Shares

     CLASS OF SECURITIES                         Ordinary

     OPTION STRIKE PRICE                         R61.50                               (1)
                                                 R83.23                               (2)
                                                 R136.84                              (3)

     NUMBER OF OPTIONS EXERCISED                 42 791                               (1)
                                                 160 956                              (2)
                                                 23 734                               (3)

     TOTAL RAND VALUE OF OPTIONS                 R2 631 646.50                        (1)
                                                 R13 396 367.88                       (2)
                                                 R3 247 760.56                        (3)

     EXERCISE DATE OF OPTIONS                    31 July 2018                         (1) – (3)

     PERIOD OF EXERCISE                          Participants have a 180-day          (1) – (3)
                                                 period from the vesting date of
                                                 28 February 2018 during which
                                                 the options can be exercised

     NATURE OF TRANSACTION                       Exercise of share options by the
                                                 director, with the resulting
                                                 shares, upon their issue, to be
                                                 transferred by the director to his
                                                 associate for an amount equal to
                                                 the closing price on the exercise
                                                 date of R233.00 per share (Off-
                                                 market transaction)

      NAME OF ASSOCIATE                          My Favourite Beleggings
                                                 Proprietary Limited

      RELATIONSHIP WITH DIRECTOR                 Director is a director of the
                                                 associate and a trustee and
                                                 discretionary beneficiary of the
                                                 sole shareholder of the associate

      NATURE AND EXTENT OF                       Indirect, Beneficial
      INTEREST IN THE TRANSACTION


B) EXERCISE AND RELATED NET SETTLEMENT OF SHARE OPTIONS PREVIOUSLY
   GRANTED IN TERMS OF THE SIT

 1.
      NAME OF DIRECTOR              PJ Mouton

      COMPANY OF WHICH I AM A       PSG Group Limited
      DIRECTOR

      STATUS: EXECUTIVE/NON-        Executive
      EXECUTIVE

      TYPE OF SECURITIES            Shares

      CLASS OF SECURITIES           Ordinary

      OPTION STRIKE PRICE           R61.50                                  (1)
                                    R83.23                                  (2)
                                    R136.84                                 (3)
                                    R178.29                                 (4)

      NUMBER OF OPTIONS             32 263                                  (1)
      EXERCISED                     165 471                                 (2)
                                    18 673                                  (3)
                                    20 998                                  (4)

      TOTAL RAND VALUE OF           R1 984 174.50                           (1)
      OPTIONS                       R13 772 151.33                          (2)
                                    R2 555 213.32                           (3)
                                    R3 743 733.42                           (4)

      EXERCISE DATE OF OPTIONS      31 July 2018                            (1) – (4)

      NUMBER OF PSG GROUP           78 511                                  (1) – (4)
      SHARES TO BE RECEIVED AS
      NET SETTLEMENT

      PERIOD OF EXERCISE            Participants have a 180-day period      (1) – (4)
                                    from the vesting date of 28 February
                                    2018 during which the options can be
                                    exercised

     NATURE OF TRANSACTION          Exercise of share options by the
                                    director and related net settlement,
                                    with the resulting shares, upon their
                                    issue, to be transferred by the director
                                    to his associate for an amount equal
                                    to the closing price on the exercise
                                    date of R233.00 per share (Off-market
                                    transaction)

     NAME OF ASSOCIATE              Heroldsbaai Investments Proprietary
                                    Limited

     RELATIONSHIP WITH              Director is a director of the associate
     DIRECTOR                       and a trustee and discretionary
                                    beneficiary of the sole shareholder of
                                    the associate

     NATURE AND EXTENT OF           Indirect, Beneficial
     INTEREST IN THE
     TRANSACTION


2.
     NAME OF DIRECTOR               WL Greeff

     COMPANY OF WHICH I AM A        PSG Group Limited
     DIRECTOR

     STATUS: EXECUTIVE/NON-         Executive
     EXECUTIVE

     TYPE OF SECURITIES             Shares

     CLASS OF SECURITIES            Ordinary

     OPTION STRIKE PRICE            R61.50                                     (1)
                                    R83.23                                     (2)
                                    R136.84                                    (3)
                                    R178.29                                    (4)

     NUMBER OF OPTIONS              26 044                                     (1)
     EXERCISED                      150 357                                    (2)
                                    14 352                                     (3)
                                    13 718                                     (4)

     TOTAL RAND VALUE OF            R1 601 706.00                              (1)
     OPTIONS                        R12 514 213.11                             (2)
                                    R1 963 927.68                              (3)
                                    R2 445 782.22                              (4)

     EXERCISE DATE OF OPTIONS       31 July 2018                               (1) – (4)
     NUMBER OF PSG GROUP            68 729                                     (1) – (4)
     SHARES TO BE RECEIVED AS
     NET SETTLEMENT

     PERIOD OF EXERCISE             Participants have a 180-day period         (1) – (4)
                                    from the vesting date of 28 February
                                    2018 during which the options can be
                                    exercised

     NATURE OF TRANSACTION          Exercise and related net settlement of
                                    options (Off-market transaction)

     NATURE AND EXTENT OF           Direct, Beneficial
     INTEREST IN THE
     TRANSACTION


3.
     NAME OF DIRECTOR               JA Holtzhausen

     COMPANY OF WHICH I AM A        PSG Group Limited
     DIRECTOR

     STATUS: EXECUTIVE/NON-         Executive
     EXECUTIVE

     TYPE OF SECURITIES             Shares

     CLASS OF SECURITIES            Ordinary

     OPTION STRIKE PRICE            R61.50                                   (1)
                                    R83.23                                   (2)
                                    R136.84                                  (3)
                                    R178.29                                  (4)

     NUMBER OF OPTIONS              25 883                                   (1)
     EXERCISED                      150 561                                  (2)
                                    14 747                                   (3)
                                    13 220                                   (4)

     TOTAL RAND VALUE OF            R1 591 804.50                            (1)
     OPTIONS                        R12 531 192.03                           (2)
                                    R2 017 979.48                            (3)
                                    R2 356 993.80                            (4)

     EXERCISE DATE OF OPTIONS       31 July 2018                             (1) – (4)

     NUMBER OF PSG GROUP            68 761                                   (1) – (4)
     SHARES TO BE RECEIVED AS
     NET SETTLEMENT

     PERIOD OF EXERCISE             Participants have a 180-day period       (1) – (4)
                                    from the vesting date of 28 February
                                    2018 during which the options can be
                                    exercised

     NATURE OF TRANSACTION          Exercise and related net settlement of
                                    options (Off-market transaction)

     NATURE AND EXTENT OF           Direct, Beneficial
     INTEREST IN THE
     TRANSACTION


Clearance for the above dealings was obtained in accordance with paragraph 3.66 of the
JSE Limited Listings Requirements.

Stellenbosch
2 August 2018

Sponsor
PSG Capital

Date: 02/08/2018 05:35:00 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.

Email this JSE Sens Item to a Friend.

Share This Story