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DISTELL GROUP HOLDINGS LIMITED - Dealings by directors and the company secretary

Release Date: 24/10/2019 09:34
Code(s): DGH     PDF:  
Wrap Text
Dealings by directors and the company secretary

DISTELL GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2016/394974/06)
Share Code: DGH
ISIN: ZAE000248811
(“Distell”)

DEALINGS BY DIRECTORS AND THE COMPANY SECRETARY

Executive directors and the company secretary of Distell have accepted
shares awarded under the Conditional Share Plan Scheme (“CSP Scheme”)
17 October 2019 in respect of Distell ordinary shares at a grant price
of R136,39 per share, which is based on the 30-day volume weighted
average price of a Distell ordinary share to 16 October 2019.


              NUMBER OF   DATE OF           DEEMED VALUE OF   NATURE OF
              SHARES      ACCEPTANCE        TRANSACTION       INTEREST
DIRECTOR                                                              
LC Verwey     13 449      22 October 2019   R1 834 309.11     Direct beneficial                                                            
RM Rushton    45 756      24 October 2019   R6 240 660.84     Direct beneficial

COMPANY SECRETARY                                                             
L Malan       8 235       23 October 2019   R1 123 171.65     Direct beneficial

The purpose of the CSP Scheme is to incentivise, motivate and retain
the appropriate caliber of employees by awarding employees with shares
as remuneration and the opportunity to share in the success of Distell
through the award of Performance CSP shares.

The vesting of the shares will be subject to the satisfaction of the
Performance Conditions, the Employment Condition and the Remaining
Conditions (if any) set by the Remuneration Committee. The Performance
Conditions comprise financial measures which include revenue growth,
EBITDA growth and Return on Invested Capital.

On condition that all vesting conditions have been met, the shares will vest as follows:
  -   up to one third on or after the third anniversary of the date of grant;
  -   up to two thirds on or after the fourth anniversary of the date of grant; and
  -   all of the shares will vest on or after the fifth anniversary of the date of grant.

Clearance for the above transactions has been obtained, and all transactions were completed off-market.

Stellenbosch
24 October 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24/10/2019 09:34:00
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