Dealings in securities by 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 JSE LTIS 2018 TRUST
The JSE LTIS 2018 Trust (“Trust”) has acquired 203 650 JSE ordinary
shares in the open market on behalf of 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 by the LTIS 2018 participants on a direct
The share awards 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 clearance, at a
volume-weighted average price of R156.37 per ordinary share. The total
transaction value amounted to R31 844 750. 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)
19 September 40 266 15663 15670 15599
20 September 163 384 15631 15669 15585
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.
25 September 2018
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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