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OCEANA GROUP LIMITED - Dealings in securities

Release Date: 26/11/2019 13:17
Code(s): OCE     PDF:  
Wrap Text
Dealings in securities

Oceana Group Limited
Incorporated in the Republic of South Africa
(Registration number 1939/001730/06)
JSE Share: OCE
NSX Share Code: OCG
ISIN Number: ZAE000025284


In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of
JSE Limited (“the JSE”), shareholders are advised that Oceana Group Limited
(“the Company”) has offered the following Restricted Shares (“RS”) to the
following directors of the Company, the Company Secretary and directors of
major subsidiaries of the Company (“the Participants”), as set out below.

The offers were accepted on 26 November 2019.

RS is settled after three years from the Offer Date dependent on the
participant still being in the employment of the Company.

The RS offered may be summarised as follows:

Name                        Position                       No of RS awarded is

I Soomra                    Director                          6 000
E Bosch                     Director                            900
I Velleman                  Director of a major              20 400
L De Waal                   Director of a major               4 600
S Salie                     Director of a major               1 900
S Naidoo                    Director of a major               1 600
A Fortune                   Company Secretary                14 700

The following are applicable to the above:

-      Class of underlying security to which      Ordinary shares
       rights attach
-      RS Award Price per share                   Rnil (not applicable)
-      Nature of transaction                      Off-market allocation RS
-      RS vesting period                          Third anniversary of the Offer Date
-      Nature of interest                         Direct beneficial

In accordance with section 3.66 of the Listings Requirements the necessary
clearance was obtained to offer the abovementioned RS.

Cape Town
26 November 2019

Sponsor - South Africa: The Standard Bank of South Africa Limited

Sponsor - Namibia: Old Mutual Investment Services (Namibia) Proprietary

Date: 26-11-2019 01:17:00
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