HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED - Acceptance Of Options By Directors In Terms Of The HPL&R Group Employee Option Scheme

Acceptance Of Options By Directors In Terms Of The HPL&R Group Employee Option Scheme

HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: HPR
ISIN: ZAE000255907
(“HPLR” or the “Company”)

ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE HPL&R GROUP EMPLOYEE OPTION SCHEME (“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:

NAME OF DIRECTOR                              FE Meyer                           (1)
                                              ML Wilkin                          (2)

COMPANY OF WHICH A DIRECTOR                   Hosken Passenger                   (1) – (2)
                                              Logistics and Rail Limited

STATUS: EXECUTIVE/NON-EXECUTIVE               Executive                          (1) – (2)

TYPE AND CLASS OF SECURITIES                  Options to acquire                 (1) – (2)
                                              ordinary shares

NATURE OF TRANSACTION                         Acceptance of award of             (1) – (2)
                                              options to acquire ordinary
                                              shares in terms of the Scheme
                                              (off-market transaction)

DATE OF AWARD OF OPTIONS                      22 March 2019                      (1) – (2)

DATE OF ACCEPTANCE OF OPTIONS                 29 March 2019                      (1) – (2)

OPTION STRIKE PRICE                           370 cents                          (1) – (2)
                                              (10% discount to HPLR’s 20-day volume
                                              weighted average traded price prior to
                                              22 March 2019)
 
NUMBER OF OPTIONS ACCEPTED                    210 900                            (1)
                                              132 240                            (2)

TOTAL RAND VALUE OF OPTIONS                   R780 330                           (1)
                                              R489 288                           (2)

VESTING DATES OF OPTIONS                      Vesting in tranches of 33.33%      (1) – (2)
                                              each on the 3rd, 4th and 5th
                                              anniversary of the option award
                                              date.

PERIOD OF EXERCISE                            The director has a period of       (1) – (2)
                                              six months from the vesting
                                              date during which options can
                                              be exercised

NATURE AND EXTENT OF INTEREST IN              Direct, beneficial                 (1) – (2)
THE TRANSACTION

Clearance to accept the above share option awards was obtained in terms of paragraph 3.66
of the JSE Limited Listings Requirements.

Cape Town
1 April 2019

Sponsor
PSG Capital

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