Acceptance of rights granted under share incentive scheme KAAP AGRI LIMITED (Incorporated in the Republic of South Africa) (Registration number 2011/113185/06) ISIN: ZAE000244711 Share code: KAL (“Kaap Agri”) ACCEPTANCE OF RIGHTS GRANTED UNDER THE KAAP AGRI EQUITY SETTLED MANAGEMENT SHARE INCENTIVE SCHEME (“SCHEME”) In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of rights granted under the Scheme is disclosed: NAME OF DIRECTORS S Walsh (1) GW Sim (2) DC Gempies (3) HJ Smit (4) AJ Griesel (5) T Sulaiman-Bray (6) COMPANY OF WHICH WE ARE Kaap Agri (1) – (2) DIRECTORS Kaap Agri Bedryf Limited (1) – (6) (a major subsidiary of Kaap Agri) STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Rights granted under the Scheme to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of rights to acquire ordinary shares in terms of the Scheme (off-market transaction) (1) – (6) DATE OF AWARD OF RIGHTS 15 January 2019 (1) – (6) DATE OF ACCEPTANCE OF RIGHTS 31 January 2019 (1) – (6) PRICE AT WHICH RIGHTS AWARDED R36.72 (1) – (6) NUMBER OF SHARE RIGHTS ACCEPTED 90 373 (1) 42 408 (2) 26 186 (3) 24 346 (4) 28 144 (5) 4 043 (6) TOTAL RAND VALUE OF RIGHTS R3 318 496.56 (1) ACCEPTED R1 557 221.76 (2) R961 549.92 (3) R893 985.12 (4) R1 033 447.68 (5) R148 458.96 (6) VESTING DATES OF RIGHTS Vesting in tranches of 25% each on the 1st day of 2nd, 3rd, 4th and 5th financial years commencing after the award date (1) – (6) SETTLEMENT PERIOD Settlement in respect of rights to occur within 120 days of the applicable vesting date (1) – (6) NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1) – (6) THE TRANSACTION Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Paarl 31 January 2019 Sponsor PSG Capital Date: 31/01/2019 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
Email this JSE Sens Item to a Friend.