KAAP AGRI LIMITED - Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme

Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri”)

ACCEPTANCE OF RIGHTS GRANTED UNDER THE KAAP AGRI EQUITY SETTLED MANAGEMENT SHARE INCENTIVE SCHEME (“SCHEME”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of rights granted under the Scheme is
disclosed:

NAMES OF DIRECTORS                              S Walsh                     (1)
                                                GW Sim                      (2)
                                                DC Gempies                  (3)
                                                HJ Smit                     (4)
                                                AJ Griesel                  (5)
                                                T Sulaiman-Bray             (6)

COMPANY OF WHICH DIRECTORS                      Kaap Agri                   (1) – (2)
                                                Kaap Agri Bedryf Limited    (1) – (6)
                                                (a major subsidiary
                                                of Kaap Agri)

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive                   (1) - (6)

TYPE AND CLASS OF SECURITIES                    Rights granted under the Scheme to
                                                acquire ordinary shares     (1) - (6)

NATURE OF TRANSACTION                           Acceptance of award of rights to acquire
                                                ordinary shares in terms of the Scheme
                                                (off-market transaction)    (1) – (6)

DATE OF AWARD OF RIGHTS                         12 January 2021             (1) – (6)

DATE OF ACCEPTANCE OF RIGHTS                    29 January 2021             (1) – (6)

PRICE AT WHICH RIGHTS AWARDED                   R24.53                      (1) – (6)
                                                (being the 90-day VWAP prior to the
                                                award date)

NUMBER OF RIGHTS ACCEPTED                       150 588                     (1)
                                                 77 011                     (2)
                                                 43 572                     (3)
                                                 40 796                     (4)
                                                 39 386                     (5)
                                                 29 791                     (6)

TOTAL RAND VALUE OF RIGHTS                      R 3 694 385.60              (1)
ACCEPTED                                        R 1 889 316.08              (2)
                                                R 1 068 954.83              (3)
                                                R 1 000 851.03              (4)
                                                R 966 259.40                (5)
                                                R 730 864.62                (6)

VESTING DATES OF RIGHTS                         Vesting in tranches of 25% each on the 1st
                                                day of 2nd, 3rd, 4th and 5th financial years
                                                commencing after the award date (1) – (6)

SETTLEMENT PERIOD                               Settlement in respect of rights to occur
                                                within 120 days of the applicable vesting
                                                date                            (1) – (6)

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial              (1) – (6)
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
29 January 2021

Sponsor
PSG Capital

Date: 29-01-2021 07:05:00
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