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Acceptance Of Options In Terms Of The Grand Parade Share Incentive Trust
GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)
ACCEPTANCE OF OPTIONS IN TERMS OF THE GRAND PARADE SHARE INCENTIVE TRUST
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 Colin Michael Priem
COMPANY OF WHICH A DIRECTOR Grand Parade Investments 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 Grand
Parade Share Incentive Trust
(off-market transaction)
DATE OF ACCEPTANCE OF OPTIONS 4 October 2019
DATE OF AWARD OF OPTIONS 9 September 2019
OPTION STRIKE PRICE 280 cents
NUMBER OF OPTIONS ACCEPTED 803 571
TOTAL RAND VALUE OF OPTIONS R2 249 998.80
ACCEPTED
VESTING DATES OF OPTIONS The options will vest in four tranches of
25% each, on the following dates:
9 September 2021
9 September 2022
9 September 2023
9 September 2024
PERIOD OF EXERCISE Participants have a 180-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 Mohsin Tajbhai
COMPANY OF WHICH A DIRECTOR Grand Parade Investments 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 Grand
Parade Share Incentive Trust
(off-market transaction)
DATE OF ACCEPTANCE OF OPTIONS 4 October 2019
DATE OF AWARD OF OPTIONS 9 September 2019
OPTION STRIKE PRICE 280 cents
NUMBER OF OPTIONS ACCEPTED 910 714
TOTAL RAND VALUE OF OPTIONS R2 549 999.20
ACCEPTED
VESTING DATES OF OPTIONS The options will vest in four tranches of
25% each, on the following dates:
9 September 2021
9 September 2022
9 September 2023
9 September 2024
PERIOD OF EXERCISE Participants have a 180-day 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.
Cape Town
7 October 2019
Sponsor
PSG Capital
Date: 07/10/2019 04:00:00
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