Dealings in Securities Motus Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 201/:451730/06 ISIN: ZAE000261913 Share code: MTH (‘Motus’ or "Company") AWARD OF RIGHTS IN TERMS OF MOTUS SHARE INCENTIVE SCHEMES In compliance with the Listings Requirements of the JSE Limited the following information is provided: Motus has awarded Conditional Share Plan (CSP) rights to its executive directors as set out in the table below. CSP rights will vest in September 2022 and entitle the participant to receive Motus shares subject to the achievement of performance conditions determined by the board of directors of the Company. The number of CSP’s awarded to each executive director is determined using an Expected Value, which is determined based on a valuation methodology taking into account the award price of R72.05 (an average VWAP of the two days before the date of award), and the estimated achievement of related performance conditions. The actual gains from CSP instruments upon vesting in 2022 will depend on the extent to which performance conditions are achieved and the share price at the time of vesting. Name of Number of CSP’s Total Face Value Total Expected Director on award date Value on award date OS Arbee 205 968 R14 839 994 R11 130 000 OJ Janse van 107 333 R7 733 343 R5 800 000 Rensburg KA Cassel 90 678 R6 533 350 R4 900 000 The Company also awarded 53 752 Share Appreciation Rights (SAR) to the Company Secretary, with a total expected value on award date of R 770 000. SAR rights are conditional rights to receive Motus shares equal to the difference between the exercise price and the grant price. Vesting of rights are subject to performance conditions being met and participants remaining employed with the group for the vesting period. All CSP and SAR awards were done on Wednesday, 4 September 2019 and the Motus share price used to calculate the total Face Value of the awards is an average VWAP for the two days before the award date of R72.05 per share. Prior written approval in terms of paragraph 3.66 of the Listing Requirements was obtained. Company Secretary JK Jefferies 10 September 2019 BEDFORDVIEW Sponsor: The Standard Bank of South Africa Limited Date: 10/09/2019 11:00:00 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.