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Dealings in securities by Directors, the Company Secretary and the JSE LTIS 2018 Trust
JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
ISIN: ZAE000079711
Share Code: JSE
("JSE" or "the Company")
DEALINGS IN SECURITIES BY DIRECTORS, THE COMPANY SECRETARY AND THE JSE
LTIS 2018 TRUST
The JSE LTIS 2018 Trust ("Trust") has acquired 359 595 JSE ordinary
shares in the open market on behalf of executive directors, members of
the executive committee, the Company Secretary and senior members of
staff ("LTIS 2018 participants") to fulfil share awards granted to these
staff under the JSE’s Long-Term Incentive Scheme ("LTIS 2018").
These ordinary shares are held in trust and are restricted until all
vesting criteria are fulfilled whereupon the shares vest. To the extent
that the vesting criteria are not fulfilled the share awards are
forfeited.
The vesting of these restricted JSE ordinary shares is subject to –
(i) the JSE achieving specified corporate performance targets over the
measurement period; and
(ii) a LTIS 2018 participant remaining in the employ of the JSE for the
vesting term (collectively "the vesting criteria").
These JSE ordinary shares were acquired on-market, with prior clearance,
at a volume-weighted average price of R159.80 per ordinary share. The
total transaction value amounted to R57 464 539. The daily high, low and
volume-weighted average for the various transactions were –
Dates in 2019
that JSE Number of JSE Daily high Daily low
ordinary ordinary Daily VWAP price paid price paid
shares shares (cents per (cents per (cents per
acquired acquired share) share) share)
5 March 108 973 15948 16000 15902
6 March 250 622 15994 16000 15930
The requisite approvals have been granted by shareholders at the
Company’s annual general meeting, in respect of the acquisition of JSE
ordinary shares in the open market and in respect of specific financial
assistance to the Trust for the purpose of acquiring these shares.
ACCEPTANCE OF ALLOCATIONS OF SECURITIES TO DIRECTORS, THE COMPANY
SECRETARY AND PRESCRIBED OFFICERS
Following the acquisition of the JSE ordinary shares by the Trust as
disclosed above, the executive directors, members of the executive
committee and the Company Secretary, have on 7 March 2019 accepted grants
of restricted ordinary shares in the Company, as reflected in this
announcement.
Total number
of restricted Total Rand value
JSE ordinary of restricted JSE
shares ordinary shares
awarded and awarded and Nature of
Executive Role accepted accepted interest
CEO & Executive Direct
NF Newton-King Director 52 112 8 327 498 beneficial
CFO & Executive Direct
A Takoordeen Director 16 710 2 670 258 beneficial
Alternate Direct
JH Burke Director 18 420 2 943 516 beneficial
Prescribed Direct
A Greenwood Officer 17 776 2 840 605 beneficial
Prescribed Direct
D Khumalo Officer 13 190 2 107 762 beneficial
Prescribed Direct
H Kotze Officer 15 400 2 460 920 beneficial
Prescribed Direct
Z Morrison Officer 9 626 1 538 235 beneficial
Prescribed Direct
DM Nemer Officer 20 372 3 255 446 beneficial
Prescribed Direct
M Randall Officer 13 920 2 224 416 beneficial
Group Company Direct
GA Brookes Secretary 7 854 1 255 069 beneficial
The restricted shares will vest in two tranches, one-half on 1 March 2022
and the remaining half on 1 March 2023, subject to the vesting criteria
as set out above being met.
The individual allocations (grant and acceptance) were approved by the
JSE’s Group Human Resources Committee and clearance to deal was granted
by the Chairman of the Board.
Sandton
8 March 2019
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/03/2019 05:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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