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KAP INDUSTRIAL HOLDINGS LIMITED - Dealing In Company Shares

Release Date: 19/11/2018 15:00
Code(s): KAP     PDF:  
 
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Dealing In Company Shares

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)

DEALING IN COMPANY SHARES

DISPOSAL OF SHARES BY DIRECTORS OF THE COMPANY AND ITS MAJOR
SUBSIDIARIES SUBSEQUENT TO A VESTING OF SHARE RIGHTS GRANTED IN 2015

The share rights granted to participants under the KAP Performance Share Rights Scheme
(“the KAP Share Rights Scheme”) in December 2015 vested on 1 November 2018 and a
number of executive directors of KAP and of its major subsidiaries received KAP ordinary
shares of no par value (“KAP Shares”) in an off-market transaction, as was disclosed on the
JSE Limited Stock Exchange News Service (“SENS”) on 5 November 2018.

Following the vesting, and in order to settle their income tax obligations arising from the
vesting, the below-mentioned directors each disposed of a portion of their shares in the market
on 16 November 2018, as disclosed below:

 Name of director                             Number of        Sales price        Proceeds
                                             shares sold     (cents per share)      on disposal
                                                                                        (R)
 FH Olivier*#$
 (in respect of associate "Mashoweng              218 786                 780      1 706 530.80
 Investments (Pty) Ltd")
 SP Lunga**@                                      124 152                 780        968 385.60


* Director of KAP Industrial Holdings Ltd
** Director of KAP Diversified Industrial (Pty) Ltd
#  Indirect beneficial interests in the transaction
@  Direct beneficial interests in the transaction
$  A director of the associate

Clearance to deal in securities, as contemplated in Rule 3.66 of the JSE Limited Listings
Requirements, was obtained for the disposals.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
19 November 2018

Sponsor
PSG Capital

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