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ALEXANDER FORBES GROUP HOLDINGS LIMITED - Acceptance of awards by the Group Chief Executive Officer

Release Date: 18/12/2018 11:29
Code(s): AFH     PDF:  
 
Wrap Text
Acceptance of awards by the Group Chief Executive Officer

Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
(“the Company” or “Alexander Forbes” or “the Group”)

ACCEPTANCE OF AWARDS BY THE GROUP CHIEF EXECUTIVE OFFICER

In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders
are advised that the Group Chief Executive Officer received allocations and accepted awards in
accordance with the Company’s long-term incentive plans namely, the group executive share plan
(“the GEC Awards”) and the forfeitable share plan (“the Forfeitable Awards”), as follows. The
allocations and their acceptances have received clearance in terms of paragraph 3.66 of the
Listings Requirements and in line with the Company’s securities dealing and information policy.


Group Chief Executive Officer       :     DJ de Villiers
Company                             :     Alexander Forbes
Date of acceptance                  :     13 December 2018

Nature of transaction               :     Off market acceptance of GEC Awards
Class of securities                 :     Conditional Awards in respect of ordinary shares
Number awarded                      :     1 950 810
Grant price                         :     Based on 3 day VWAP (R5.15)
Transaction value                   :     R10 046 671.50
Nature of interest                  :     Direct beneficial
Vesting date                        :     01 November 2022

Nature of transaction               :     Off market acceptance of Forfeitable Awards
Class of securities                 :     Forfeitable Awards in respect of ordinary shares
Number awarded                      :     1 867 510
Grant price                         :     Based on 3 day VWAP (R5.15)
Transaction value                   :     R9 617 676.50
Nature of interest                  :     Direct beneficial
Vesting date                        :     01 November 2021

Carina Wessels
Group General Counsel and Company Secretary

18 December 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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