Dealings in securities by directors, the company secretary and the JSE LTIS 2018 Trust
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
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 175 820 JSE ordinary
shares in the open market on behalf of executive directors, members of
the executive committee and the Company Secretary ("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
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 clearance, at a
volume-weighted average price of R153.75 per ordinary share. The total
transaction value amounted to R27 032 325. The daily high, low and
volume-weighted average for the various transactions were –
Dates in 2018
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)
14 September 51 983 15222 15375 15149
17 September 96 176 15391 15525 15200
18 September 19 901 15582 15628 15505
19 September 7 760 15663 15670 15599
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, members of the JSE’s executive committee, which includes
the executive directors, and the Company Secretary, have on 18 September
2018 accepted grants of restricted ordinary shares in the Company, as
reflected in this announcement.
of restricted Total Rand value
JSE ordinary of restricted JSE
shares ordinary shares
awarded and awarded and Nature of
Executive Role accepted accepted interest
NF Newton-King CEO & Executive 52 040 8 001 150 Direct
A Takoordeen CFO & Executive 16 680 2 564 550 Direct
JH Burke Alternate 18 390 2 827 462 Direct
A Greenwood Prescribed 17 750 2 729 062 Direct
D Khumalo Prescribed 13 170 2 024 887 Direct
DM Nemer Prescribed 20 240 3 111 900 Direct
M Randall Prescribed 13 900 2 137 125 Direct
ZA Jacobs Prescribed 15 920 2 447 700 Direct
GA Brookes Group Company 7 730 1 188 487 Direct
The restricted shares will vest in two tranches, one-half on 31 August
2021 and the remaining half on 31 August 2022, 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.
20 September 2018
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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