ALEXANDER FORBES GROUP HOLDINGS LIMITED - Acceptance of awards by the Group Chief Executive Officer

Release Date: 17/08/2018 13:14
Code(s): AFH
 
Wrap Text
Acceptance of awards by the Group Chief Executive Officer

Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
(“the Company” or “Alexander Forbes” or “the Group”)

ACCEPTANCE OF AWARDS BY THE GROUP CHIEF EXECUTIVE OFFICER

In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders
are advised that the Group Chief Executive Officer received allocations and accepted awards in
accordance with the Company’s long-term incentive plans namely, the group executive share plan
(“the GEC Awards”) and the retention share plan (“the Retention Awards”), as follows. The
allocations and their acceptances have received clearance in terms of paragraph 3.66 of the
Listings Requirements and in line with the Company’s securities dealing and information policy.

Group Chief Executive Officer       :     AA Darfoor
Company                             :     Alexander Forbes
Date of acceptance                  :     14 August 2018

Nature of transaction               :     Off market acceptance of GEC Awards
Class of securities                 :     Conditional Awards in respect of ordinary shares
Number awarded                      :     2 709 417
Grant price                         :     Based on 3 day VWAP (R4.8341)
Transaction value                   :     R13 097 592.72
Nature of interest                  :     Direct beneficial
Vesting date                        :     01 July 2022

Nature of transaction               :     Off market acceptance of Retention Awards
Class of securities                 :     Retention Awards in respect of ordinary shares
Number awarded                      :     867 013
Grant price                         :     Based on 3 day VWAP (R4.8341)
Transaction value                   :     R4 191 227.54
Nature of interest                  :     Direct beneficial
Vesting dates                       :     433 506 awards on 01 January 2019
                                          433 507 awards on 01 July 2019

Carina Wessels
Group General Counsel and Company Secretary

17 August 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/08/2018 01:14:00 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