KAP INDUSTRIAL HOLDINGS LIMITED - Disposal Of Shares By Directors Of The Company And Its Major Subsidiaries Subsequent To A Vesting Of Share Rights

Disposal Of Shares By Directors Of The Company And Its Major Subsidiaries Subsequent To A Vesting Of Share Rights

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)

DEALING IN COMPANY SHARES

DISPOSAL OF SHARES BY DIRECTORS OF THE COMPANY AND ITS MAJOR
SUBSIDIARIES SUBSEQUENT TO A VESTING OF SHARE RIGHTS GRANTED IN 2015

The share rights granted to participants under the KAP Performance Share Rights Scheme
(“the KAP Share Rights Scheme”) in December 2015 vested on 1 November 2018 and a
number of executive directors of KAP and of its major subsidiaries received KAP ordinary
shares of no par value (“KAP Shares”) in an off-market transaction, as was disclosed on the
JSE Limited Stock Exchange News Service (“SENS”) on 5 November 2018.

Following the vesting, and in order to settle their income tax obligations arising from the
vesting, the below-mentioned directors each disposed of a portion of their shares in the market
between 7 to 9 November 2018, as disclosed below:

 Name of director                  Number of          Sales       Date of       Proceeds on
                                     shares           price   transaction           disposal
                                       sold      (cents per       In 2018                (R)
                                                     share)
 KJ Grove*@&                           372 552          780   7 November        2 905 905.60
 GN Chaplin*#$
 (in respect of associate
                                       518 333         780    7 November        4 042 997.40
 "Straalhoek Sawmill
 (Pty)Ltd")
 LR Pollard**@                         273 483         780    8 November        2 133 167.40
 G Victor**@                           273 483         780    8 November        2 133 167.40
 TR Nel***@                            113 868         780    7 November          888 170.40
 TR Nel***@                            203 440         780    8 November        1 586 832.00
 TR Nel***@                             18 096         780    9 November          141 148 80


* Director of KAP Industrial Holdings Ltd
** Director of KAP Diversified Industrial (Pty) Ltd
*** Director of Unitrans Holdings (Pty) Ltd
&   The vesting related to share rights granted in 2015 when the director fulfilled an executive
    role in KAP, reduced on a pro rata basis in terms of the rules of the KAP Share Rights
    Scheme upon his retirement on 1 January 2017
#   Indirect beneficial interests in the transaction
@   Direct beneficial interests in the transaction
$   A director of the associate
Clearance to deal in securities, as contemplated in Rule 3.66 of the JSE Limited Listings
Requirements, was obtained for the disposals.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
12 November 2018

Sponsor
PSG Capital

Date: 12/11/2018 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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