To view the PDF file, sign up for a MySharenet subscription.

NAMPAK LIMITED - Awards in Terms of The Nampak Limited Performance Share Plan 2009

Release Date: 02/10/2019 08:30
Code(s): NPK     PDF:  
Wrap Text
Awards in Terms of The Nampak Limited Performance Share Plan 2009

Nampak Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1968/008070/06
Share Code: NPK
ISIN: ZAE000071676
(“Nampak” or “the Company”)


Awards in Terms of The Nampak Limited Performance Share Plan 2009

Award of Performance Shares in terms of the Nampak Limited Performance
Share Plan 2009 (“PSP”) to, and acceptance by the directors of Nampak
Limited, major subsidiaries and the Company Secretary of Nampak
Limited.

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements
of the JSE Limited, the following information is disclosed relating to
the following conditional Performance Share Awards in terms of the
rules of the PSP:

Name of director                    :    AM de Ruyter
Name of company                     :    Nampak Limited
Nature of transaction               :    Annual PSP Awards (2018)
Award date                          :    27 September 2019
Notice of award                     :    27 September 2019
Number of securities                :    623644
Class of securities                 :    Nampak ordinary shares
Deemed Price (VWAP)*                :    R9.23
Total deemed value of transaction   :    R5 756 234.12
Performance criteria                :    Achievement of agreed targets
                                         over three years
Nature and extent of
director’s interest                 :    Direct, beneficial
Prior clearance to deal             :    Obtained


Name of director                    :    GR Fullerton
Name of company                     :    Nampak Limited
Nature of transaction               :    Annual PSP Awards (2018)
Award date                          :    27 September 2019
Notice of award                     :    27 September 2019
Number of securities                :    365174
Class of securities                 :    Nampak ordinary shares
Deemed Price (VWAP)*                :    R9.23
Total deemed value of transaction   :    R3 370 556.02
Performance criteria                :    Achievement of agreed targets
                                         over three years

Nature and extent of
director’s interest                 :    Direct, beneficial
Prior clearance to deal             :    Obtained
Name of director                    :   EE Smuts
Name of company                     :   Nampak Products Limited
Nature of transaction               :   Annual PSP Awards (2018)
Award date                          :   27 September 2019
Notice of award                     :   27 September 2019
Number of securities                :   150274
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R9.23
Total deemed value of transaction   :   R1 387 029.02
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained


Name of director                    :   RG Morris
Name of company                     :   Nampak Products Limited
Nature of transaction               :   Annual PSP Awards (2018)
Award date                          :   27 September 2019
Notice of award                     :   27 September 2019
Number of securities                :   150274
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R9.23
Total deemed value of transaction   :   R1 387 029.02
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained


Name of director                    :   C Burmeister
Name of company                     :   Nampak Products Limited
Nature of transaction               :   Annual PSP Awards (2018)
Award date                          :   27 September 2019
Notice of award                     :   27 September 2019
Number of securities                :   150274
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R9.23
Total deemed value of transaction   :   R1 387 029.02
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained


Name of company secretary           :   IH van Lochem
Name of company                     :   Nampak Limited
Nature of transaction               :   Annual PSP Awards (2018)
Award date                          :   27 September 2019
Notice of award                     :   27 September 2019
Number of securities                :   93281
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R9.23
Total deemed value of transaction   :   R860 983.63
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained


Name of director                    :   AH Howie
Name of company                     :   Nampak International Limited
Nature of transaction               :   Annual PSP Awards (2018)
Award date                          :   27 September 2019
Notice of award                     :   27 September 2019
Number of securities                :   60290
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R9.23
Total deemed value of transaction   :   R556 476.70
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained


The Nominations and Remuneration Committee approved the Performance
Share Awards made and employees have accepted such Awards. All
transactions were concluded off-market. The Release of the Performance
Shares is subject to Performance Targets being satisfied over a three
year Performance Period.

*The deemed price per share indicated is the VWAP per share on the day
the award was made.


Bryanston
2 October 2019
Sponsor:
UBS South Africa (Pty) Ltd

Date: 02/10/2019 08:30:00
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.

Share This Story