HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Grant and acceptance of options to directors and officers

Release Date: 11/09/2018 07:30
Code(s): HCI
 
Wrap Text
Grant and acceptance of options to directors and officers

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)

GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements
the following information regarding the granting and acceptance of options in
terms of the HCI Employee Share Scheme is disclosed:




Director                            :    Mr J A Copelyn
Designation                         :    Chief Executive Officer
Nature of transaction               :    Grant and acceptance of option, Off
market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    28 August 2018
Date of acceptance                   :    10 September 2018
Number of options                   :    250 224
Option strike price                 :    R117.78 (10% discount to the 20 day
VWAP)
Value of transaction                :    R 29 471 383
Vesting date of options             :    28 August 2021
Expiry date of options              :    28 February 2022


Director                            :    Mr T G Govender
Designation                         :    Financial Director
Nature of transaction               :    Grant and acceptance of option, Off
market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    28 August 2018
Date of acceptance                   :    10 September 2018
Number of options                   :    83 792
Option strike price                 :    R117.78 (10% discount to the 20 day
VWAP)
Value of transaction                :    R 9 869 022
Vesting date of options             :    28 August 2021
Expiry date of options              :    28 February 2022



Director                            :    Mr Y Shaik
Designation                         :    Executive Director
Nature of transaction               :    Grant and acceptance of option, Off
market
Nature of Interest                  :    Direct, Beneficial
Class of Shares                     :    Ordinary shares
Date of grant of option             :    28 August 2018
Date of acceptance                   :    10 September 2018
Number of options                   :    110 318
Option strike price                 :    R117.78 (10% discount to the 20 day
VWAP)
Value of transaction               :    R 12 993 254
Vesting date of options            :    28 August 2021
Expiry date of options             :    28 February 2022


Clearance                           :    Clearance in terms of par. 3.66 of
the JSE Listings Requirements was obtained.


Cape Town
11 September 2018
Sponsor: Investec Bank Limited

Date: 11/09/2018 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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