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KAAP AGRI LIMITED - Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme

Release Date: 31/01/2020 10:00
Code(s): KAL     PDF:  
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Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri”)

ACCEPTANCE OF RIGHTS GRANTED UNDER THE KAAP AGRI EQUITY SETTLED MANAGEMENT SHARE INCENTIVE SCHEME (“SCHEME”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of rights granted under the Scheme is
disclosed:

NAMES OF DIRECTORS                               S Walsh                    (1)
                                                 GW Sim                     (2)
                                                 DC Gempies                 (3)
                                                 HJ Smit                    (4)
                                                 AJ Griesel                 (5)
                                                 T Sulaiman-Bray            (6)

COMPANY OF WHICH WE ARE                          Kaap Agri                  (1) – (2)
DIRECTORS                                        Kaap Agri Bedryf Limited   (1) – (6)
                                                 (a major subsidiary
                                                 of Kaap Agri)

STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive

TYPE AND CLASS OF SECURITIES                     Rights granted under the Scheme to
                                                 acquire ordinary shares

NATURE OF TRANSACTION                            Acceptance of award of rights to acquire
                                                 ordinary shares in terms of the Scheme
                                                 (off-market transaction)   (1) – (6)

DATE OF AWARD OF RIGHTS                          15 January 2020            (1) – (6)

DATE OF ACCEPTANCE OF RIGHTS                     31 January 2020            (1) – (6)

PRICE AT WHICH RIGHTS AWARDED                    R27.31                     (1) – (6)
                                                 (being the 90-day VWAP prior to the award
                                                 date)

NUMBER OF RIGHTS ACCEPTED                        776 926                    (1)
                                                 309 510                    (2)
                                                 171 609                    (3)
                                                 159 612                    (4)
                                                 158 047                    (5)
                                                 143 148                    (6)

TOTAL RAND VALUE OF RIGHTS                       R21 218 811.63             (1)
ACCEPTED                                         R8 453 099.88              (2)
                                                 R4 686 856.82              (3)
                                                 R4 359 206.13              (4)
                                                 R4 316 468.26              (5)
                                                 R3 909 556.26              (6)

VESTING DATES OF RIGHTS                          Vesting in tranches of 25% each on the 1st
                                                 day of 2nd, 3rd, 4th and 5th financial years
                                                 commencing after the award date   (1) – (6)

SETTLEMENT PERIOD                                Settlement in respect of rights to occur
                                                 within 120 days of the applicable vesting
                                                 date                       (1) – (6)

NATURE AND EXTENT OF INTEREST IN                 Direct, beneficial         (1) – (6)
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
31 January 2020

Sponsor
PSG Capital

Date: 31-01-2020 10:00:00
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