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PURPLE GROUP LIMITED - Directors Dealing In Securities Granting And Acceptance Of Share Options

Release Date: 09/12/2019 15:56
Code(s): PPE     PDF:  
 
Wrap Text
Directors Dealing In Securities – Granting And Acceptance Of Share Options

Purple Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000185526
(“the Company”)

DIRECTORS DEALING IN SECURITIES – Granting and Acceptance of Share Options

In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the
JSE Limited ("Listings Requirements"), the following information is disclosed in respect of
the off-market granting and acceptance of share options in terms of The Purple Group
Limited Employee Share Option Scheme:

Name of director:             Charles Savage
Date of transaction:          06 December 2019
Nature of transaction:        Allocation of share options
Number of securities:         7 000 000
Class of securities:          Ordinary shares
Strike price of options:      31 cents per share
Total Value:                  R2 170 000
Nature of interest:           Direct beneficial

Name of director:             Gary van Dyk
Date of transaction:          06 December 2019
Nature of transaction:        Allocation of share options
Number of securities:         5 500 000
Class of securities:          Ordinary shares
Strike price of options:      31 cents per share
Total Value:                  R1 705 000
Nature of interest:           Direct beneficial

Clearance was given for the above-mentioned transactions in terms of Paragraph
3.66 of the Listings Requirements.

The vesting conditions of the options granted are:
Up to 25% on or after the first anniversary of the acceptance date (6 December 2020);
Up to 50% on or after the second anniversary of the acceptance date (6 December 2021);
Up to 75% on or after the third anniversary of the acceptance date (6 December 2022); and
Up to 100% on or after the fourth anniversary of the acceptance date (6 December 2023).
The contractual life of the options is seven years from the date of grant.

Johannesburg
09 December 2019
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 09-12-2019 03:56:00
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