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Settlement Of Share Rights Under The Kaap Agri Equity Settled Management Share Incentive Scheme
KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri”)
SETTLEMENT OF SHARE RIGHTS UNDER THE KAAP AGRI EQUITY SETTLED MANAGEMENT SHARE INCENTIVE SCHEME (“SCHEME”)
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the settlement of share rights granted under the Scheme is
disclosed:
1.
NAME OF DIRECTOR S Walsh
COMPANY OF WHICH A DIRECTOR Kaap Agri
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of (1-3)
share rights, resulting
in the delivery of ordinary
shares to a participant
under the Scheme
(off-market transaction)
TRANSACTION DATE 21 January 2022 (1-3)
(SETTLEMENT DATE)
(Settlement to occur
within 120 days of the
applicable vesting date
of 1 October 2021)
VESTING PRICE R40.20 (1-3)
(being the 90-day VWAP
prior to the vesting date)
GRANT PRICE R23.88 (1)
R36.72 (2)
R27.31 (3)
ORDINARY SHARES DELIVERED TO 25 282 (1)
PARTICIPANT ON THE SETTLEMENT OF 1 077 (2)
SHARE RIGHTS 34 259 (3)
TOTAL VALUE OF SHARE RIGHTS R1 016 447 (1)
SETTLED R 43 305 (2)
R1 377 389 (3)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1-3)
THE TRANSACTION
2.
NAME OF DIRECTOR GW Sim
COMPANY OF WHICH A DIRECTOR Kaap Agri
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of (1-3)
share rights, resulting
in the delivery of ordinary
shares to a participant
under the Scheme
(off-market transaction)
TRANSACTION DATE 21 January 2022 (1-3)
(SETTLEMENT DATE)
(Settlement to occur
within 120 days of the
applicable vesting date
of 1 October 2021)
VESTING PRICE R40.20 (1-3)
(being the 90-day VWAP
prior to the vesting date)
GRANT PRICE R23.88 (1)
R36.72 (2)
R27.31 (3)
ORDINARY SHARES DELIVERED TO 11 565 (1)
PARTICIPANT ON THE SETTLEMENT OF 505 (2)
SHARE RIGHTS 13 648 (3)
TOTAL VALUE OF SHARE RIGHTS R464 952 (1)
SETTLED R 20 321 (2)
R548 721 (3)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1-3)
THE TRANSACTION
3.
NAME OF DIRECTOR DC Gempies
COMPANY OF WHICH A DIRECTOR Kaap Agri Bedryf Limited
(a major subsidiary of Kaap Agri)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of (1-3)
share rights, resulting
in the delivery of ordinary
shares to a participant
under the Scheme
(off-market transaction)
TRANSACTION DATE 21 January 2022 (1-3)
(SETTLEMENT DATE)
(Settlement to occur
within 120 days of the
applicable vesting date
of 1 October 2021)
VESTING PRICE R40.20 (1-3)
(being the 90-day VWAP
prior to the vesting date)
GRANT PRICE R23.88 (1)
R36.72 (2)
R27.31 (3)
ORDINARY SHARES DELIVERED TO 7 336 (1)
PARTICIPANT ON THE SETTLEMENT OF 312 (2)
SHARE RIGHTS 7 567 (3)
TOTAL VALUE OF SHARE RIGHTS R294 960 (1)
SETTLED R 12 548 (2)
R304 241 (3)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1-3)
THE TRANSACTION
4.
NAME OF DIRECTOR H Smit
COMPANY OF WHICH A DIRECTOR Kaap Agri Bedryf Limited
(a major subsidiary of Kaap Agri)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of (1-3)
share rights, resulting
in the delivery of ordinary
shares to a participant
under the Scheme
(off-market transaction)
TRANSACTION DATE 21 January 2022 (1-3)
(SETTLEMENT DATE)
(Settlement to occur
within 120 days of the
applicable vesting date
of 1 October 2021)
VESTING PRICE R40.20 (1-3)
(being the 90-day VWAP
prior to the vesting date)
GRANT PRICE R23.88 (1)
R36.72 (2)
R27.31 (3)
ORDINARY SHARES DELIVERED TO 6 851 (1)
PARTICIPANT ON THE SETTLEMENT OF 290 (2)
SHARE RIGHTS 7 038 (3)
TOTAL VALUE OF SHARE RIGHTS R275 422 (1)
SETTLED R 11 666 (2)
R282 972 (3)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1-3)
THE TRANSACTION
5.
NAME OF DIRECTOR T Sulaiman-Bray
COMPANY OF WHICH A DIRECTOR Kaap Agri Bedryf Limited
(a major subsidiary of Kaap Agri)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Settlement of (1-2)
share rights, resulting
in the delivery of ordinary
shares to a participant
under the Scheme
(off-market transaction)
TRANSACTION DATE 21 January 2022 (1-2)
(SETTLEMENT DATE)
(Settlement to occur
within 120 days of the
applicable vesting date
of 1 October 2021)
VESTING PRICE R40.20 (1-2)
(being the 90-day VWAP
prior to the vesting date)
GRANT PRICE R36.72 (1)
R27.31 (2)
ORDINARY SHARES DELIVERED TO 48 (1)
PARTICIPANT ON THE SETTLEMENT OF 6 312 (2)
SHARE RIGHTS
TOTAL VALUE OF SHARE RIGHTS R 1 937 (1)
SETTLED R253 783 (2)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1-2)
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Paarl
21 January 2022
Sponsor
PSG Capital
Date: 21-01-2022 09:00:00
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