Wrap Text
Exercise of Share Appreciation Rights by a Director and Directors of a Major Subsidiary
WORKFORCE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/018145/06)
Share code: WKF ISIN: ZAE000087847
EXERCISE OF SHARE APPRECIATION RIGHTS BY A DIRECTOR AND DIRECTORS
OF A MAJOR SUBSIDIARY
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:
Name of director: Willem Van Wyk
Company: Workforce Holdings Limited
Nature of transaction: Off market exercise of 400 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 8 148 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 8 148
Total value of shares awarded: R10 185.00
Clearance to deal obtained: Yes
Name of director: Evelyn Vanassche
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Holdings Limited
Nature of transaction: Off market exercise of 200 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between average traded price over the three month
period preceding the vesting date (R1.35) and the strike price
(R1.20), settled by the Scheme through the award of shares at
the volume weighted average price at which the Scheme was
able to purchase shares on the market on the director’s behalf
(“Market price”), to the value of the net after tax gain realised,
amounting to 4 074 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 4 074
Total value of shares awarded: R5 092.00
Clearance to deal obtained: Yes
Name of director: Mohamed Valoria
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Holdings Limited
Nature of transaction: Off market exercise of 100 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 2 185 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price R1.25
Number of securities awarded: 2 185
Total value of shares awarded: R2 731.25
Clearance to deal obtained: Yes
Name of director: Carol Knoetze
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Holdings Limited
Nature of transaction: Off market exercise of 150 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 3 056 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 3 056
Total value of shares awarded: R3 820.00
Clearance to deal obtained: Yes
Name of director: Frieda Hall
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 100 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 2 185 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 2 185
Total value of shares awarded: R2 731.25
Clearance to deal obtained: Yes
Name of director: Johanna Nagel
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 25 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 546 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 546
Total value of shares awarded: R682.50
Clearance to deal obtained: Yes
Name of director: Dermot Byrne
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 100 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 2 037 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 2 037
Total value of shares awarded: R2 546.25
Clearance to deal obtained: Yes
Name of director: Steven Herscovitz
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 500 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 10 185 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 10 185
Total value of shares awarded: R12 731.25
Clearance to deal obtained: Yes
Name of director: Duan Nortje
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 75 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 1 528 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 1 528
Total value of shares awarded: R1 910.00
Clearance to deal obtained: Yes
Name of director: Sean Momberg
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 500 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 10 185 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 10 185
Total value of shares awarded: R12 731.25
Clearance to deal obtained: Yes
Name of director: Preshene Batohi
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 50 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 1 093 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 1 093
Total value of shares awarded: R1 366.25
Clearance to deal obtained: Yes
Name of director: Rachel Hough
Company: The Workforce Group Proprietary Limited, a major subsidiary
of Workforce Limited
Nature of transaction: Off market exercise of 100 000 share appreciation rights in
respect of the employee share appreciation rights scheme
(“Scheme”). The benefit attributable to the director is the
difference between the average traded price over the three
month period preceding the vesting date (R1.35) and the strike
price (R1.20), settled by the Scheme through the award of
shares at the volume weighted average price at which the
Scheme was able to purchase shares on the market on the
director’s behalf (“Market price”), to the value of the net after
tax gain realised, amounting to 2 037 shares.
Class of securities: Ordinary shares
Extent of director’s interest: Direct beneficial
Grant date: 22 June 2015
Vesting date: 30 June 2018
Exercise date: 27 June 2019
Market price: R1.25
Number of securities awarded: 2 037
Total value of shares awarded: R2 546.25
Clearance to deal obtained: Yes
Johannesburg
1 July 2019
Designated Adviser
Merchantec Capital
Date: 01/07/2019 03:35:00 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.
Sharenet Sites 
