KAP INDUSTRIAL HOLDINGS LIMITED - Exercise and related settlement of options in terms of the KAP performance share rights scheme

Exercise and related settlement of options in terms of the KAP performance share rights scheme

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
JSE alpha code: KAP
LEI code: 3789001F51BC0045FD42
(“KAP” or “the Company”)


EXERCISE AND RELATED SETTLEMENT OF OPTIONS IN TERMS OF THE KAP PERFORMANCE SHARE
RIGHTS SCHEME


In compliance with paragraphs 6.42 of the Debt Listings Requirements, the following information regarding the
exercise of options by certain executive directors of KAP and of its major subsidiaries and the related settlement
thereof, in terms of the KAP Performance Share Rights Scheme (“KAP SRS”), is disclosed.

Upon the exercise of the options referred to below, the Company and the beneficiaries elected to settle same
on an after-tax net-equity basis, through the issue of ordinary shares as detailed below:

 NAME OF DIRECTOR                                         GN Chaplin                                       (1)
                                                          FH Olivier                                       (2)
                                                          SP Lunga                                         (3)
                                                          G Victor                                         (4)
                                                          W Killian                                        (5)
                                                          JN van Niekerk                                   (6)
                                                          WC Els                                           (7)

 COMPANY OF WHICH A DIRECTOR                              KAP Industrial Holdings Ltd                    (1-3)
                                                          PG Bison (Pty) Ltd*                            (4-5)
                                                          Safripol (Pty) Ltd*                            (6-7)
                                                          * major subsidiary of the Company

 STATUS: EXECUTIVE/NON-EXECUTIVE                          Executive                                      (1-7)

 TYPE AND CLASS OF SECURITIES                             Ordinary shares                                (1-7)

 NATURE OF TRANSACTION                                    Exercise of options by the director and
                                                          related after-tax net-equity settlement
                                                          by way of the issue of ordinary shares
                                                          to the director
                                                          (off-market transaction)                       (1-7)

 VESTING DATE OF OPTIONS EXERCISED                        1 December 2022                                (1-7)

 DATE OF EXERCISE OF OPTIONS                              1 December 2022                                (1-7)

 OPTION STRIKE PRICE                                      R0.20                                          (1-7)
 NUMBER OF OPTIONS EXERCISED                              1 013 892                                      (1)
                                                            616 556                                      (2)
                                                            288 236                                      (3)
                                                            381 912                                      (4)
                                                            104 521                                      (5)
                                                            360 294                                      (6)
                                                            145 668                                      (7)

 NUMBER OF ORDINARY SHARES ISSUED                         557 640                                        (1)
                                                          339 105                                        (2)
                                                          158 529                                        (3)
                                                          210 051                                        (4)
                                                           57 486                                        (5)
                                                          198 161                                        (6)
                                                           80 117                                        (7)

 NATURE AND EXTENT OF INTEREST IN THE                  Direct, beneficial                            (1-7)
 TRANSACTION


Clearance for the above was obtained in terms of paragraph 6.45 of the Debt Listings Requirements.


Stellenbosch
2 December 2022

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 02-12-2022 03:00:00
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