JSE LIMITED - Dealings in securities by JSE LTIS 2018 Trust

Release Date: 25/09/2018 17:05
Code(s): JSE
Wrap Text
Dealings in securities by 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”)


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
beneficial basis.

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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