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QUANTUM FOODS HOLDINGS LIMITED - Acceptance Of Allocated Phantom Share Rights In Terms Of The Quantum Foods Share Plan

Release Date: 18/02/2019 14:35
Code(s): QFH     PDF:  
Wrap Text
Acceptance Of Allocated Phantom Share Rights In Terms Of The Quantum Foods Share Plan

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
ISIN: ZAE000193686
(“Quantum Foods” or “the Company”)

ACCEPTANCE OF ALLOCATED PHANTOM SHARE RIGHTS IN TERMS OF THE
QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN

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

1.
NAME OF DIRECTOR                                Hendrik Albertus Lourens

COMPANY OF WHICH A DIRECTOR                     Quantum Foods Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

TYPE OF SECURITIES                              Equity Settled Phantom Share Rights

CLASS OF SECURITIES                             Ordinary Shares

NATURE OF TRANSACTION                           Acceptance of Phantom Share Rights in
                                                terms of the Quantum Foods Limited
                                                Equity Settled Phantom Share Plan
                                                (off-market)

DATE OF PHANTOM SHARE RIGHTS                    11 February 2019
GRANT

DATE OF PHANTOM SHARE RIGHTS                    18 February 2019
ACCEPTANCE

PHANTOM SHARE RIGHTS STRIKE PRICE               424.5 cents

NUMBER OF PHANTOM SHARE RIGHTS                  1 912 728
ALLOCATED

VESTING DATES OF PHANTOM SHARE                  11 February 2022, and
RIGHTS                                          11 February 2023, and
                                                11 February 2024

PERIOD OF EXERCISE                              Participants have until midnight on the 12
                                                month anniversary of the relevant vesting
                                                date during which the Phantom Share
                                                Rights can be exercised

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

2.
NAME OF DIRECTOR                                Andre Hugo Muller

COMPANY OF WHICH A DIRECTOR                     Quantum Foods Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

TYPE OF SECURITIES                              Equity Settled Phantom Share Rights

CLASS OF SECURITIES                             Ordinary Shares

NATURE OF TRANSACTION                           Acceptance of Phantom Share Rights in
                                                terms of the Quantum Foods Limited
                                                Equity Settled Phantom Share Plan
                                                (off-market)

DATE OF PHANTOM SHARE RIGHTS                    11 February 2019
GRANT

DATE OF PHANTOM SHARE RIGHTS                    18 February 2019
ACCEPTANCE

PHANTOM SHARE RIGHTS STRIKE PRICE               424.5 cents

NUMBER OF PHANTOM SHARE RIGHTS                  497 266
ALLOCATED

VESTING DATES OF PHANTOM SHARE                  11 February 2022, and
RIGHTS                                          11 February 2023, and
                                                11 February 2024

PERIOD OF EXERCISE                              Participants have until midnight on the 12
                                                month anniversary of the relevant vesting
                                                date during which the Phantom Share
                                                Rights can be exercised

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

Notes:
i)         Clearance to deal in these Phantom Share Rights was obtained in accordance with
           paragraph 3.66 of the Listings Requirements of the JSE Limited.
ii)        50% of the Phantom Share Rights will vest in 3 tranches of 33.33% each on the
           vesting dates specified above.
iii)       50% of the Phantom Share Rights will vest in 3 tranches of 33.33% on the vesting
           dates specified above, subject to a formula based on the compound growth of the
           Company’s headline earnings per share from the financial year prior to the date of
           grant of the Phantom Share Rights to the financial year prior to the date of exercise.
iv)        The total number of Quantum shares that will be issued to the directors pursuant to
           the exercise of the Phantom Share Rights will be determined according to a formula
           based on the growth in the share price of Quantum from the date of grant of the
           Phantom Share Rights to the date of exercise. Accordingly, the total number of
           shares and monetary value thereof will only be determined at a future date.
v)         An additional SENS announcement will be made upon the exercise of the Phantom
           Share Rights by each director disclosing the exact number of shares issued and the
           monetary value thereof in accordance with the JSE Listings Requirements.

Wellington
18 February 2019

Sponsor
PSG Capital

Date: 18/02/2019 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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