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Net Cash Settlement And Directors Dealing
CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)
NET CASH SETTLEMENT AND DIRECTORS DEALING
NET CASH SETTLEMENT AND EXERCISE OF OPTIONS BY A DIRECTOR IN TERMS OF
THE COMPANY SHARE INCENTIVE SCHEME
Upon the exercise of the share options referred to below, the Company elected to settle on
a net cash settlement basis, no shares were traded and therefore there is no obligation to
report same.
Accordingly, directors did not receive Curro shares in respect of such options, but have
received only cash.
However in the interest of transparency, the following information regarding the exercise of
options is disclosed:
1.
NAME OF DIRECTOR AJF Greyling
COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R11.51 (1)
R18.24 (2)
NUMBER OF OPTIONS EXERCISED 59 298 (1)
23 475 (2)
DATE OF TRANSACTION 15 October 2018 (1)
15 October 2018 (2)
VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1)
28 September 2018 (2)
PERIOD OF EXERCISE Participants have a 30 day period from the
strike date during which options can be
exercised
NATURE OF TRANSACTION Exercise of share options by director at the
closing price on the exercise date of R26.50
per share, with settlement occurring on a net
cash settled basis
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR B van der Linde
COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R11.51 (1)
R18.24 (2)
NUMBER OF OPTIONS EXERCISED 42 982 (1)
19 675 (2)
DATE OF TRANSACTION 15 October 2018 (1)
15 October 2018 (2)
VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1)
28 September 2018 (2)
PERIOD OF EXERCISE Participants have a 30 day period from the
strike date during which options can be
exercised
NATURE OF TRANSACTION Exercise of share options by director at the
closing price on the exercise date of R26.50
per share, with settlement occurring on a net
cash settled basis
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR HG Louw
COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R11.51 (1)
R18.24 (2)
NUMBER OF OPTIONS EXERCISED 45 728 (1)
15 875 (2)
DATE OF TRANSACTION 15 October 2018 (1)
15 October 2018 (2)
VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1)
28 September 2018 (2)
PERIOD OF EXERCISE Participants have a 30 day period from the
strike date during which options can be
exercised
NATURE OF TRANSACTION Exercise of share options by director at the
closing price on the exercise date of R26.50
per share, with settlement occurring on a net
cash settled basis
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF DIRECTOR CR van der Merwe
COMPANY OF WHICH I AM A DIRECTOR Curro Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non - Executive
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R11.51 (1)
R18.24 (2)
NUMBER OF OPTIONS EXERCISED 100 393 (1)
33 550 (2)
DATE OF TRANSACTION 15 October 2018 (1)
15 October 2018 (2)
VESTING DATE OF OPTIONS EXERCISED 28 September 2018 (1)
28 September 2018 (2)
PERIOD OF EXERCISE Participants have a 30 day period from the
strike date during which options can be
exercised
NATURE OF TRANSACTION Exercise of share options by director at the
closing price on the exercise date of R26.50
per share, with settlement occurring on a net
cash settled basis
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
ACCEPTANCE OF OPTIONS BY A DIRECTOR IN TERMS OF THE COMPANY SHARE
INCENTIVE SCHEME
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 AJF Greyling
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 Company
Share Incentive Scheme (off-market
transaction)
DATE OF ACCEPTANCE OF OPTIONS 1 November 2018
DATE OF AWARD OF OPTIONS 28 September 2018
OPTION STRIKE PRICE R30.54
NUMBER OF OPTIONS ACCEPTED 109 300
VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25%
each, on the following dates:
28 September 2020
28 September 2021
28 September 2022
28 September 2023
PERIOD OF EXERCISE Participants have a 30-day 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 B van der Linde
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 Company
Share Incentive Scheme (off-market
transaction)
DATE OF ACCEPTANCE OF OPTIONS 1 November 2018
DATE OF AWARD OF OPTIONS 28 September 2018
OPTION STRIKE PRICE R30.54
NUMBER OF OPTIONS ACCEPTED 96 500
VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25%
each, on the following dates:
28 September 2020
28 September 2021
28 September 2022
28 September 2023
PERIOD OF EXERCISE Participants have a 30-day 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 HG Louw
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 Company
Share Incentive Scheme (off-market
transaction)
DATE OF ACCEPTANCE OF OPTIONS 1 November 2018
DATE OF AWARD OF OPTIONS 28 September 2018
OPTION STRIKE PRICE R30.54
NUMBER OF OPTIONS ACCEPTED 88 800
VESTING DATES OF OPTIONS The options will vest in 4 tranches of 25%
each, on the following dates:
28 September 2020
28 September 2021
28 September 2022
28 September 2023
PERIOD OF EXERCISE Participants have a 30-day period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Durbanville
2 November 2018
Sponsor
PSG Capital
Date: 02/11/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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