IMPERIAL LOGISTICS LIMITED - Vesting of Share Incentive Scheme Shares and Rights Awarded in 2016

Vesting of Share Incentive Scheme Shares and Rights Awarded in 2016

Imperial Logistics Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
ISIN: ZAE000067211
Share code: IPL
(‘Imperial’)

VESTING OF SHARE INCENTIVE SCHEME SHARES AND RIGHTS AWARDED IN 2016

In compliance with the Listings Requirements of the JSE Limited the
following information is provided in relation to the directors,
directors of major subsidiaries and the company secretary of Imperial:

Vesting on 19 September 2019 of Imperial ordinary shares in the
Deferred Bonus Plan (“DBP”) at a price of R56.55 per share. DBP shares
were acquired by scheme participants in 2016 on the open market prior
to unbundling of Motus Holdings Limited (Motus) at the then ruling
Imperial share price. In accordance with the amended Share Incentive
Schemes (SIS) approved by shareholders of Imperial on unbundling of
Motus, an equal number of matching Imperial and Motus ordinary shares
are awarded on vesting at no further cost.

Vesting on 19 September 2019 of 87.76% of Share Appreciation Rights
(“SAR”) at a strike price of R127.77 per SAR, after applying the
related peer comparison and ROIC performance conditions. In accordance
with the amendments to the SIS, the gains of participants in terms of
the SAR scheme will be determined using the combined share price of
Imperial and Motus at the time when each participant elects to
exercise the vested rights, which may be done within two years after
vesting.

Director:                                          M Akoojee
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of matching Imperial DBP shares vested:     15 184
Total value of transaction:                        R858 655.20

Number of SAR vested                               91 249

Director:                                          JG de Beer
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of SAR vested                               71 679

Director of major subsidiary:                      J Truter
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of SAR vested                               42 452
Director of major subsidiary:                      N vd Westhuizen
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of SAR vested                               102 785

Company secretary
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of matching Imperial DBP shares vested:     6 148
Total value of transaction:                        R347 669.40

Number of SAR vested                               67 642

Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained. All transactions were done off-market.



Company Secretary


RA Venter



Sponsor:


Merrill Lynch SA (Pty) Limited

25 September 2019

Date: 25/09/2019 02:22:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.