To view the PDF file, sign up for a MySharenet subscription.

TSOGO SUN HOTELS LIMITED - Grant and acceptance of share appreciation rights by directors

Release Date: 14/01/2022 16:30
Code(s): TGO     PDF:  
Wrap Text
Grant and acceptance of share appreciation rights by directors

Tsogo Sun Hotels Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: TGO ISIN:ZAE000272522
(“Tsogo Sun Hotels” or the “Company” or the “Group”)



GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS BY DIRECTORS




In compliance with Paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is
disclosed in relation to the granting and acceptance of Share Appreciation Rights (“SARs”) in terms of the Tsogo Sun
Hotels Share Appreciation Rights Plan (“Plan”) by directors of the Company.

 Director                              Marcel von Aulock
 Designation                           Chief Executive Officer
 Company                               Tsogo Sun Hotels Limited
 Nature of transaction                 Grant and acceptance of SARs, off market
 Nature of interest                    Direct, beneficial
 Class of shares                       Ordinary TGO shares
 Date of grant of SARs                 14 January 2022
 Date of acceptance                    14 January 2022
 Clearance to deal                     Yes
     Number of SARs  award price                 Total cost on        Vesting date of SARs        Expiry Date of SARs
            SARs                                      exercise
          9 907 897      R3.0262                   R29 983 278      1st third – 30/09/2024                 30/09/2027
                                                                    2nd third – 30/09/2025
                                                                    3rd third – 30/09/2026

 Director                               Laurelle McDonald
 Designation                            Chief Financial Officer
 Company                                Tsogo Sun Hotels Limited
 Nature of transaction                  Grant and acceptance of SARs, off market
 Nature of interest                     Direct, beneficial
 Class of shares                        Ordinary TGO shares
 Date of grant of SARs                  14 January 2022
 Date of acceptance                     14 January 2022
 Clearance to deal                      Yes
      Number of SARs  award price                 Total cost on       Vesting date of SARs        Expiry Date of SARs
            SARs                                       exercise
       4 953 948          R3.0262                   R14 991 637      1st third – 30/09/2024                30/09/2027
                                                                     2nd third – 30/09/2025
                                                                     3rd third – 30/09/2026
Fourways
14 January 2022

Sponsor
Investec Bank Limited

Date: 14-01-2022 04:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story