QUANTUM FOODS HOLDINGS LIMITED - Exercise Of Phantom Share Rights In Terms Of The Equity Settled Phantom Share Plan And Dealing In Company Shares

Exercise Of Phantom Share Rights In Terms Of The Equity Settled Phantom Share Plan And Dealing In Company Shares

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Code: ZAE000193686
("Quantum Foods" or "the Company")

EXERCISE OF PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS
HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN AND DEALING IN
COMPANY SHARES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the exercise of phantom share rights is disclosed:

 NAME OF DIRECTOR                                Hendrik Albertus Lourens

 COMPANY OF WHICH A DIRECTOR                     Quantum Foods Holdings Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares


 NATURE OF TRANSACTION                           Delivery of ordinary shares         (1-2)
                                                 through the exercise of
                                                 phantom share rights in terms
                                                 of the Quantum Foods Phantom
                                                 Share Plan (off-market transaction)

 DATE OF EXERCISE OF PHANTOM                     28 May 2020                         (1-2)
 SHARE RIGHTS

 VESTING DATES OF PHANTOM SHARE                  18 February 2020                    (1)
 RIGHTS                                          23 February 2020                    (2)

 PERIOD OF EXERCISE                              Participants have a 12 month        (1-2)
                                                 period from the vesting date
                                                 during which Phantom Share
                                                 Rights can be exercised

 NUMBER OF ORDINARY SHARES                       99 298                              (1)
 DELIVERED                                       262 724                             (2)

 PRICE PER ORDINARY SHARE                        R3.4885                             (1-2)
 DELIVERED

 TOTAL RAND VALUE OF ORDINARY                    R346 404.75                         (1)
 SHARES DELIVERED                                R916 522.39                         (2)

 PHANTOM SHARE RIGHTS STRIKE                     R2.660                              (1)
 PRICE                                           R3.093                              (2)
 
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial                  (1-2)
 THE TRANSACTIONS

 DEALING IN COMPANY SHARES

 NAME OF DIRECTOR                                Hendrik Albertus Lourens

 COMPANY OF WHICH A DIRECTOR                     Quantum Foods Holdings Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 DATES OF TRANSACTIONS                           28 May 2020                         (1)
                                                 29 May 2020                         (2)

 NUMBER OF SECURITIES                            162 413                             (1)
 TRANSACTED                                      16 641                              (2)

 PRICE PER ORDINARY SHARE                        High: R3.5000                       (1)
                                                 Low: R3.2500
                                                 Average: R3.3132

                                                 High: R3.5000                       (2)
                                                 Low: R3.5000
                                                 Average: R3.5000

 TOTAL RAND VALUE OF SECURITIES                  R538 106.75                         (1)
 TRANSACTED                                      R58 243.50                          (2)

 NATURE OF TRANSACTIONS                          Disposal of ordinary shares to      (1-2)
                                                 cover taxation as a result of the
                                                 exercise of the Phantom Share Rights
                                                 (on-market transactions)
  
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial                  (1-2)
 THE TRANSACTIONS

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

Wellington
2 June 2020

Sponsor
PSG Capital

Date: 02-06-2020 09:00:00
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