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CURRO HOLDINGS LIMITED - Acceptance of Options in Terms of the Curro Holdings Limited Executive Long Term Share Incentive Scheme

Release Date: 27/03/2023 08:15
Code(s): COH     PDF:  
Wrap Text
Acceptance of Options in Terms of the Curro Holdings Limited Executive Long Term Share Incentive Scheme

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
LEI: 378900E237CB40F0BF96
(“Curro” or “the Company”)

ACCEPTANCE OF OPTIONS IN TERMS OF THE CURRO HOLDINGS LIMITED
EXECUTIVE LONG TERM SHARE INCENTIVE SCHEME

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed regarding the acceptance by directors of the Company of
options awarded in terms of the Curro Holdings Limited Executive Long Term Share Incentive
Scheme (“Scheme”):

1.
 NAME OF DIRECTOR                              JP Loubser

 COMPANY OF WHICH A DIRECTOR                   Curro Holdings Limited

 STATUS: EXECUTIVE / NON-EXECUTIVE             Executive

 TYPE AND CLASS OF SECURITIES                  Options to acquire ordinary shares

 NATURE OF TRANSACTION                         Acceptance of award of options to acquire
                                               ordinary shares in terms of the Scheme (off-
                                               market transaction)

 DATE OF AWARD OF OPTIONS                      16 March 2023

 DATE OF ACCEPTANCE OF OPTIONS                 24 March 2023

 OPTION STRIKE PRICE                           R Nil

 NUMBER OF OPTIONS ACCEPTED                    920 861

 TOTAL RAND VALUE OF OPTIONS                   R7 099 838.31
 ACCEPTED                                      Based on the share price at closing on the
                                               date of acceptance of the options of R7.71

 VESTING DATES OF OPTIONS                      The options are subject to performance
                                               conditions and will vest in 4 tranches of 25%
                                               each, on the following dates:
                                               31 March 2025
                                               31 March 2026
                                               31 March 2027
                                               31 March 2028

 PERIOD OF EXERCISE                            Participants have a 6-month period from
                                               the vesting date during which options can
                                               be exercised

 NATURE AND EXTENT OF INTEREST IN              Direct, beneficial
 THE TRANSACTION


2.
 NAME OF DIRECTOR                               M Lategan

 COMPANY OF WHICH A DIRECTOR                    Curro Holdings Limited

 STATUS: EXECUTIVE / NON-EXECUTIVE              Executive

 TYPE AND CLASS OF SECURITIES                   Options to acquire ordinary shares

 NATURE OF TRANSACTION                          Acceptance of award of options to acquire
                                                ordinary shares in terms of the Scheme (off-
                                                market transaction)

 DATE OF AWARD OF OPTIONS                       16 March 2023

 DATE OF ACCEPTANCE OF OPTIONS                  24 March 2023

 OPTION STRIKE PRICE                            R Nil

 NUMBER OF OPTIONS ACCEPTED                     736 689

 TOTAL RAND VALUE OF OPTIONS                    R5 679 872.19
 ACCEPTED                                       Based on the share price at closing on the
                                                date of acceptance of the options of R7.71

 VESTING DATES OF OPTIONS                       The options are subject to performance
                                                conditions and will vest in 4 tranches of 25%
                                                each, on the following dates:
                                                31 March 2025
                                                31 March 2026
                                                31 March 2027
                                                31 March 2028

 PERIOD OF EXERCISE                             Participants have a 6-month period from
                                                the vesting date during which options can
                                                be exercised

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION


3.
 NAME OF DIRECTOR                               BC September

 COMPANY OF WHICH A DIRECTOR                    Curro Holdings Limited

 STATUS: EXECUTIVE / NON-EXECUTIVE              Executive

 TYPE AND CLASS OF SECURITIES                   Options to acquire ordinary shares
 NATURE OF TRANSACTION                          Acceptance of award of options to acquire
                                                ordinary shares in terms of the Scheme (off-
                                                market transaction)

 DATE OF AWARD OF OPTIONS                       16 March 2023

 DATE OF ACCEPTANCE OF OPTIONS                  24 March 2023

 OPTION STRIKE PRICE                            R Nil

 NUMBER OF OPTIONS ACCEPTED                     414 387

 TOTAL RAND VALUE OF OPTIONS                    R3 194 923.77
 ACCEPTED                                       Based on the share price at closing on the
                                                date of acceptance of the options of R7.71

 VESTING DATES OF OPTIONS                       The options are subject to performance
                                                conditions and will vest in 4 tranches of 25%
                                                each, on the following dates:
                                                31 March 2025
                                                31 March 2026
                                                31 March 2027
                                                31 March 2028

 PERIOD OF EXERCISE                             Participants have a 6-month period from
                                                the vesting date during which options can
                                                be exercised

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Durbanville
27 March 2023

Sponsor
PSG Capital

Date: 27-03-2023 08:15:00
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