HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED - Acceptance of options by directors in terms of the HPL&R Group Employee Option Scheme

Acceptance of options by directors in terms of the HPL&R Group Employee Option Scheme

HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: HPR
ISIN: ZAE000255907
(“HPLR” or the “Company”)

ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE HPL&R GROUP EMPLOYEE OPTION SCHEME (“SCHEME”)

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

 NAME OF DIRECTOR                             FE Meyer                         (1)
                                              ML Wilkin                        (2)

 COMPANY OF WHICH A DIRECTOR                  Hosken Passenger                 (1) – (2)
                                              Logistics and Rail Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE              Executive                        (1) – (2)

 TYPE AND CLASS OF SECURITIES                 Options to acquire               (1) – (2)
                                              ordinary shares

 NATURE OF TRANSACTION                        Acceptance of award of           (1) – (2)
                                              options to acquire ordinary
                                              shares in terms of the Scheme
                                              (off-market transaction)

 DATE OF AWARD OF OPTIONS                     31 March 2021                    (1) – (2)

 DATE OF ACCEPTANCE OF OPTIONS                6 April 2021                     (1) – (2)

 OPTION STRIKE PRICE                          272 cents                     (1) – (2)
                                              (10% discount to HPLR’s 20-day volume
                                              weighted average traded price prior to
                                              31 March 2021)
 NUMBER OF OPTIONS ACCEPTED                   589 111                         (1)
                                              369 162                         (2)

 TOTAL RAND VALUE OF OPTIONS                  R1 602 376                          (1)
                                              R1 004 117                          (2)

 VESTING DATES OF OPTIONS                     Vesting in tranches of 33.33%   (1) – (2)
                                              each on the 3rd, 4th and 5th
                                              anniversary of the option award
                                              date.

 PERIOD OF EXERCISE                           The director has a period of    (1) – (2)
                                              six months from the vesting
                                              date during which options can
                                              be exercised.
 NATURE AND EXTENT OF INTEREST IN              Direct, beneficial              (1) – (2)
 THE TRANSACTION



Clearance to accept the above share option awards was obtained in terms of paragraph 3.66
of the JSE Limited Listings Requirements.

Cape Town
6 April 2021

Sponsor
Investec Bank Limited

Date: 06-04-2021 10:50:00
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