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LIBERTY HOLDINGS LIMITED - Grant and Acceptance by Directors of Share Awards in terms of the Liberty Holdings Performance Reward Plan

Release Date: 01/08/2019 16:20
Code(s): LBH     PDF:  
 
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Grant and Acceptance by Directors of Share Awards in terms of the Liberty Holdings’ Performance Reward Plan

LIBERTY HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1968/002095/06
Alpha Code LBH
ISIN code: ZAE000127148
("Liberty Holdings")


GRANT AND ACCEPTANCE BY DIRECTORS OF SHARE AWARDS IN TERMS OF THE LIBERTY
HOLDINGS’ PERFORMANCE REWARD PLAN (PRP)

As disclosed in the Liberty Remuneration Report for the year ended 31 December 2018, which was
made available to shareholders on 31 March 2019, awards in respect of the PRP were made to the
executive directors with effect from 22 March 2019. Due to the consultative process, the administrative
setting up of the scheme and Liberty’s closed period, the acceptance of these awards was delayed until
1 August 2019.

Therefore, in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, Liberty
Holdings hereby announces that the following executive directors of the Company have been awarded,
and accepted, conditional awards in terms of the PRP. Awards in the PRP are settled in ordinary shares
upon vesting, subject to the outcome of the conditions imposed.

The conditional PRP units awarded are subject to retention, forfeiture and performance conditions and
vest in accordance with the rules of the PRP.

Director                                         D C Munro
Designation:                                     Chief Executive Officer of Liberty Holdings
Acceptance date                                  1 August 2019
Class of security                                Awards in respect of ordinary shares
Number of awards                                 75,651
Price per share*                                 R99.14
Vesting date                                     1 March 2023
Nature of transaction                            Off-market award and acceptance of share awards
Nature and extent of interest                    Direct beneficial
Clearance obtained                               Yes

Director                                         D C Munro
Designation:                                     Chief Executive Officer of Liberty Holdings
Acceptance date                                  1 August 2019
Class of security                                Awards in respect of ordinary shares
Number of awards                                 75,651
Price per share*                                 R99.14
Vesting date                                     1 March 2024
Nature of transaction                            Off-market award and acceptance of share awards
Nature and extent of interest                    Direct beneficial
Clearance obtained                               Yes

Director                                         Y Maharaj
Acceptance date                                  1 August 2019
Designation                                      Chief Financial officer of Liberty Holdings
Class of security                                Awards in respect of ordinary shares
Number of awards                                 40,347
Price per share*                                 R99.14
Vesting date                                     1 March 2023
Nature of transaction                            Off-market award and acceptance of share awards
Nature and extent of interest                      Direct beneficial
Clearance obtained                                 Yes

Director                                           Y Maharaj
Acceptance date                                    1 August 2019
Designation                                        Chief Financial officer of Liberty Holdings
Class of security                                  Awards in respect of ordinary shares
Number of awards                                   40,347
Price per share*                                   R99.14
Vesting date                                       1 March 2024
Nature of transaction                              Off-market award and acceptance of share awards
Nature and extent of interest                      Direct beneficial
Clearance obtained                                 Yes

* Closing Price on 22 March 2019 used to determine the number of share awards


Braamfontein
1 August 2019

Sponsor
Merrill Lynch South Africa (Pty) Limited

Date: 01/08/2019 04:20:00
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