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RAUBEX GROUP LIMITED - Acceptance of Long-Term Incentive Performance Share Awards to Directors and Executives

Release Date: 29/08/2018 17:00
Code(s): RBX     PDF:  
Wrap Text
Acceptance of Long-Term Incentive Performance Share Awards to Directors and Executives

Raubex Group Limited
(Incorporated in the Republic of South Africa)
Registration number 2006/023666/06
Share Code: RBX
ISIN Code: ZAE000093183
(“Raubex” or the “Group”)


ACCEPTANCE OF LONG-TERM INCENTIVE PERFORMANCE SHARE AWARDS TO
DIRECTORS AND EXECUTIVES

In compliance with par 3.63 to 3.65 of the JSE Limited Listings Requirements, the following
information is disclosed in relation to the acceptance of performance share awards under the
Raubex Group Limited Long-Term Incentive Scheme.

Executive director              :        RJ Fourie
Name of Company                 :        Raubex Group Limited
Date of acceptance              :        29 August 2018
Nature of transaction           :        Off-market acceptance of long-term incentive
                                         conditional performance share awards of which 50%
                                         will vest in August 2021 and 50% in August 2022,
                                         subject to the achievement of agreed performance
                                         and employment conditions
Class of securities             :        Ordinary shares
Number of performance shares    :        395 149
Award price                     :        R 20.95
Total value of award            :        R 8 278 371.55
Nature of interest              :        Direct beneficial
Clearance obtained              :        Yes


Executive director              :        JF Gibson
Name of Company                 :        Raubex Group Limited
Date of acceptance              :        29 August 2018
Nature of transaction           :        Off-market acceptance of long-term incentive
                                         conditional performance share awards of which 50%
                                         will vest in August 2021 and 50% in August 2022,
                                         subject to the achievement of agreed performance
                                         and employment conditions
Class of securities          :           Ordinary shares
Number of performance shares :           273 142
Award price                  :           R 20.95
Total value of award         :           R 5 722 324.90
Nature of interest           :           Direct beneficial
Clearance obtained           :           Yes


Executive director           :           NF Msiza
Name of Company              :           Raubex Group Limited
Date of acceptance           :           29 August 2018
Nature of transaction        :           Off-market acceptance of long-term incentive
                                         conditional performance share awards of which 50%
                                         will vest in August 2021 and 50% in August 2022,
                                         subject to the achievement of agreed performance
                                         and employment conditions
Class of securities          :           Ordinary shares
Number of performance shares :           139 816
Award price                  :           R 20.95
Total value of award         :           R 2 929 145.20
Nature of interest           :           Direct beneficial
Clearance obtained           :           Yes


Executive committee member   :           LJ Raubenheimer
Name of Company              :           Raubex Group Limited
Date of acceptance           :           29 August 2018
Nature of transaction        :           Off-market acceptance of long-term incentive
                                         conditional performance share awards of which 50%
                                         will vest in August 2021 and 50% in August 2022,
                                         subject to the achievement of agreed performance
                                         and employment conditions
Class of securities          :           Ordinary shares
Number of performance shares :           291 315
Award price                  :           R 20.95
Total value of award         :           R 6 103 049.25
Nature of interest           :           Direct beneficial
Clearance obtained           :           Yes


Executive committee member   :   DC Lourens
Name of Company              :   Raubex Group Limited
Date of acceptance           :   29 August 2018
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards of which 50%
                                 will vest in August 2021 and 50% in August 2022,
                                 subject to the achievement of agreed performance
                                 and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   189 319
Award price                  :   R 20.95
Total value of award         :   R 3 966 233.05
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


Executive committee member   :   IJM Van Niekerk
Name of Company              :   Raubex Group Limited
Date of acceptance           :   29 August 2018
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards of which 50%
                                 will vest in August 2021 and 50% in August 2022,
                                 subject to the achievement of agreed performance
                                 and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   205 431
Award price                  :   R 20.95
Total value of award         :   R 4 303 779.45
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


Executive committee member   :   RL Shedlock
Name of Company              :   Raubex Group Limited
Date of acceptance           :   29 August 2018
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards of which 50%
                                 will vest in August 2021 and 50% in August 2022,
                                 subject to the achievement of agreed performance
                                 and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   212 737
Award price                  :   R 20.95
Total value of award         :   R 4 456 840.15
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


Executive committee member   :   JA Louw
Name of Company              :   Raubex Group Limited
Date of acceptance           :   29 August 2018
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards of which 50%
                                 will vest in August 2021 and 50% in August 2022,
                                 subject to the achievement of agreed performance
                                 and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   95 466
Award price                  :   R 20.95
Total value of award         :   R 2 000 012.70
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


Company secretary            :   GM Chemaly
Name of Company              :   Raubex Group Limited
Date of acceptance           :   29 August 2018
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards of which 50%
                                 will vest in August 2021 and 50% in August 2022,
                                 subject to the achievement of agreed performance
                                 and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   20 000
Award price                  :   R 20.95
Total value of award         :   R 419 000
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


Centurion
29 August 2018

Sponsor
Investec Bank Limited

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