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OCEANA GROUP LIMITED - 2013 Share Plan: Dealings in Securities

Release Date: 21/05/2019 09:00
Code(s): OCE     PDF:  
 
Wrap Text
2013 Share Plan: Dealings in Securities

OCEANA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1939/001730/06)
JSE share code: OCE
NSX share code: OCG
ISIN: ZAE000025284
(“Oceana” or the “Company”)


OCEANA GROUP LIMITED 2013 SHARE PLAN: DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 – 3.74 of the Listings
Requirements of JSE Limited (“the JSE”), shareholders are
advised that Oceana has offered the following Restricted Shares
(“Restricted Shares”) to the following directors of the Company,
the Company Secretary and directors of major subsidiaries of the
Company (“the Participants”), as set out below.

Restricted Shares are settled after three years from the offer
date subject to the Participant still being in the employment
of the Company. The offers were accepted on 20 May 2019.

The Restricted Shares offered may be summarised as follows:

Name                  Position               No of Restricted
                                             Shares awarded

I Soomra              Director                     72 623
L De Waal             Director of a major
                      subsidiary                   18 170
S Salie               Director of a major          19 650
                      subsidiary
P Freese              Director of a major
                      subsidiary                    7 329
S Naidoo              Director of a major
                      subsidiary                   1 500
JM Marais             Company Secretary            16 839

The following are applicable to the above:

Class of underlying security
to which rights attach           Ordinary shares
Restricted Share award price
per share                        Rnil (not applicable)
Nature of transaction            Off-market allocation of
                                 Restricted Shares
Restricted Shares vesting        Third anniversary of the
period                           offer date
Nature of interest               Direct beneficial
In accordance with section 3.66 of the Listings Requirements of
the JSE, the necessary clearance was obtained to accept the
above-mentioned Restricted Shares.


21 May 2019
Cape Town


Sponsor - South Africa: The Standard Bank of South Africa
Limited

Sponsor - Namibia: Old Mutual Investment Services (Namibia)
Proprietary Limited

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