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MONTAUK HOLDINGS LIMITED - Grant and acceptance of Share Appreciation Rights to Directors and Officers

Release Date: 05/06/2019 12:02
Code(s): MNK     PDF:  
 
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Grant and acceptance of Share Appreciation Rights to Directors and Officers

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("MNK" or "the company")

GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information
regarding the granting and acceptance of share appreciation rights (“SAR’s”) in terms of the Montauk
Holdings Limited Employee Share Appreciation Rights Scheme for U.S. Affiliates is disclosed:



Director                          :       ML Ryan
Designation                       :       Chief Executive Officer
Nature of transaction             :       Off market grant and acceptance of SAR’s
Nature of Interest                :       Direct, Beneficial
Class of shares                   :       Ordinary shares
Date of grant of SAR              :       3 June 2019
Date of acceptance                :       3 June 2019
Number of SAR’s                   :       421 798
SAR strike price                  :       R40.00
Value of transaction              :       R16 871 920
Vesting date of SAR’s             :       3 June 2022
Expiry date of SAR’s              :       3 September 2022


Clearance                         :       Clearance in respect of par 3.66 of the JSE
                                          Listings Requirements was obtained


Cape Town
05 June 2019

Sponsor: Investec Bank Limited

Date: 05/06/2019 12:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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