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OCEANA GROUP LIMITED - Dealings in securities by a director

Release Date: 08/06/2022 15:11
Code(s): OCE     PDF:  
Wrap Text
Dealings in securities by a director

OCEANA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1939/001730/06)
JSE share code: OCE
NSX share code: OCG
ISIN: ZAE000025284
(“Oceana” or the “Company”


DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited ("JSE"), the following information is disclosed:

Name of director:                Ms Sathya Naidoo
                                 Director of a major subsidiary
Name of company:                 Oceana Group Ltd
Class of securities:             Ordinary shares
Nature of transaction:           Acceptance of Oceana shares following the
                                 vesting of these shares in terms of the
                                 rules of the 2013 Oceana Restricted Share
                                 Scheme
Date of transaction:             07 June 2022
Number of securities:            1 500
Price per security:              R 56.11
Total value of transaction:      R 84 165.00
Nature and extent of interest:   Direct beneficial
Clearance to deal obtained:      Yes

Furthermore, in compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the
JSE, shareholders are advised that Oceana has offered the following Performance Vesting
Share Appreciation Rights (“SARs”) and Deferred Bonus Shares (“DBS”) in terms of the 2022
Share Plan, to the following director of a major subsidiary of the Company (“the
Participant”), as set out below.

The offer was accepted on 07 June 2022.


Name                                                  S Naidoo
Position                                              Director of a major subsidiary
Class of underlying security to which rights attach   Ordinary shares
No of SARs allocated                                  4 800
SARs Allocation Price per share                       R54,71
Total value of SARs allocated                         R262 608
SARs vesting period                                   3 years (June 2025)
No of DBS awarded                                     8 700
DBS Award Price per share                             R54,71
Total value of DBS awarded                            R475 977
DBS vesting period                                    3 years (June 2025)
Nature of transaction                                 Off-market allocation of SARs and DBS
Nature of Interest                                    Direct beneficial

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


08 June 2022
Cape Town

JSE Sponsor: The Standard Bank of South Africa Limited
NSX Sponsor: Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 08-06-2022 03:11:00
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