INVICTA HOLDINGS LIMITED - Grant and acceptance of Long-Term Bonus and Share Incentive Rights (LBSIRs)

Grant and acceptance of Long-Term Bonus and Share Incentive Rights (“LBSIRs”)

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN: ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
(“Invicta” or “the Company”)


Grant and acceptance of Long-Term Bonus and Share Incentive Rights (“LBSIRs”)


The following information is disclosed in terms of the Listing Requirements of the JSE Limited in respect of
the grant of LBSIRs to the following executive directors:

 1.   Name of director:            C Barnard
      Company:                     Invicta Holdings Limited
      Nature of transaction:       Grant and acceptance of LBSIRs in terms of the Invicta LBSIR
                                   scheme. The participant will be paid for each LBSIR granted by
                                   the growth in value of the LBSIR as calculated from the grant date
                                   and grant price until the exercise date. The LBSIR payment will
                                   be made in Invicta ordinary shares.
      Number of LBSIRs:            343 000
      Class of securities:         LBSIRs in respect of ordinary Invicta shares
      Grant date:                  17 February 2021
      Acceptance date:             18 February 2021
      Grant price per LBSIR:       R17.93
      Value per LBSIR:             R7.60
      Value of transaction:        R2 606 800
      Vesting period:              LBSIRs will vest after 3 years, subject to performance conditions
      Nature of interest:          Direct Beneficial
      Trade:                       Off-market
      Clearance obtained:          Yes



 2.   Name of director:            SB Joffe
      Company:                     Invicta Holdings Limited
      Nature of transaction:       Grant and acceptance of LBSIRs in terms of the Invicta LBSIR
                                   scheme. The participant will be paid for each LBSIR granted by
                                   the growth in value of the LBSIR as calculated from the grant date
                                   and grant price until the exercise date. The LBSIR payment will
                                   be made in Invicta ordinary shares.
      Number of LBSIRs:            985 000
      Class of securities:         LBSIRs in respect of ordinary Invicta shares
      Grant date:                  17 February 2021
     Acceptance date:         18 February 2021
     Grant price per LBSIR:   R17.93
     Value per LBSIR:         R7.60
     Value of transaction:    R7 486 000
     Vesting period:          LBSIRs will vest after 3 years, subject to performance conditions
     Nature of interest:      Direct Beneficial
     Trade:                   Off-market
     Clearance obtained:      Yes



3.   Name of director:        GM Pelser
     Company:                 Invicta Holdings Limited
     Nature of transaction:   Grant and acceptance of LBSIRs in terms of the Invicta LBSIR
                              scheme. The participant will be paid for each LBSIR granted by
                              the growth in value of the LBSIR as calculated from the grant date
                              and grant price until the exercise date. The LBSIR payment will
                              be made in Invicta ordinary shares.
     Number of LBSIRs:        501 000
     Class of securities:     LBSIRs in respect of ordinary Invicta shares
     Grant date:              17 February 2021
     Acceptance date:         19 February 2021
     Grant price per LBSIR:   R17.93
     Value per LBSIR:         R7.60
     Value of transaction:    R3 807 600
     Vesting period:          LBSIRs will vest after 3 years, subject to performance conditions
     Nature of interest:      Direct Beneficial
     Trade:                   Off-market
     Clearance obtained:      Yes



4.   Name of director:        N Rajmohamed
     Company:                 Invicta Holdings Limited
     Nature of transaction:   Grant and acceptance of LBSIRs in terms of the Invicta LBSIR
                              scheme. The participant will be paid for each LBSIR granted by
                              the growth in value of the LBSIR as calculated from the grant date
                              and grant price until the exercise date. The LBSIR payment will
                              be made in Invicta ordinary shares.
     Number of LBSIRs:        314 000
     Class of securities:     LBSIRs in respect of ordinary Invicta shares
     Grant date:              17 February 2021
     Acceptance date:         18 February 2021
     Grant price per LBSIR:   R17.93
     Value per LBSIR:         R7.60
     Value of transaction:    R2 386 400
     Vesting period:          LBSIRs will vest after 3 years, subject to performance conditions
     Nature of interest:      Direct Beneficial
     Trade:                   Off-market
     Clearance obtained:      Yes



5.   Name of director:        AM Sinclair
     Company:                 Invicta Holdings Limited
     Nature of transaction:   Grant and acceptance of LBSIRs in terms of the Invicta LBSIR sche
                              The participant will be paid for each LBSIR granted by the growth in
                              of the LBSIR as calculated from the grant date and grant price until t
                              exercise date. The LBSIR payment will be made in Invicta ordinary
                              shares.
     Number of LBSIRs:        368 000
     Class of securities:     LBSIRs in respect of ordinary Invicta shares
     Grant date:              17 February 2021
     Acceptance date:         19 February 2021
     Grant price per LBSIR:   R17.93
     Value per LBSIR:         R7.60
     Value of transaction:    R2 796 800
     Vesting period:          LBSIRs will vest after 3 years, subject to performance conditions
     Nature of interest:      Direct Beneficial
     Trade:                   Off-market
     Clearance obtained:      Yes



6.   Name of director:        SB Joffe
     Company:                 Invicta Holdings Limited
     Nature of transaction:   Grant and acceptance of LBSIRs in terms of the director’s
                              employment contract and the Invicta LBSIR scheme. The
                              participant will be paid for each LBSIR granted by the growth in
                              value of the LBSIR as calculated from the grant date and grant
                              price until the exercise date. The LBSIR payment will be made in
                              Invicta ordinary shares.
     Number of LBSIRs:        600 000 (granted in terms of the director’s employment contract)
     Class of securities:     LBSIRs in respect of ordinary Invicta shares
     Grant date:              17 February 2021
     Acceptance date:         18 February 2021
     Grant price per LBSIR:      R17.93
     Value per LBSIR:            R7.06
     Value of transaction:       R4 236 000
     Vesting period:             LBSIRs will vest after 2 years
     Nature of interest:         Direct Beneficial
     Trade:                      Off-market
     Clearance obtained:         Yes



Johannesburg
19 February 2021

Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 19-02-2021 12:30:00
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