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KAP INDUSTRIAL HOLDINGS LIMITED - Dealings In Company Shares - Grant Of Share Rights To Directors

Release Date: 01/11/2018 15:00
Code(s): KAP     PDF:  
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Dealings In Company Shares - Grant Of Share Rights To Directors

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)

DEALINGS IN COMPANY SHARES - GRANT OF SHARE RIGHTS TO DIRECTORS

In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, shareholders
are advised that off-market grants of share rights over ordinary shares of no par value in KAP
(“KAP Shares”) have been made to certain executive directors of KAP and of its major
subsidiaries in terms of the KAP Performance Share Rights Scheme (“the 2018 Grant”).

The following information is disclosed in respect of the 2018 Grant:
•     Following approval of the 2018 Grant on 14 August 2018 by the KAP Human Resources
      & Remuneration Committee, letters of grant with an effective grant date of 1 November
      2018, were issued to participants.
•     In all instances, the share rights are held in a direct beneficial capacity.
•     The share rights shall mature on the third anniversary of the grant date, i.e. on
      1 November 2021, and vesting is subject to the achievement of relevant performance
      criteria.
•     The rights are for KAP Shares and will expire after the maturity date if the rights have
      not vested.
•     The following number of share rights were granted to the below-mentioned executive
      directors at R0.20 (twenty cents) per KAP Share:

 Name of director                     Number of rights granted                        Value
                                                                                        (R)
 GN Chaplin*                                          1 578 289                  315 657.80
 FH Olivier*                                            959 770                  191 954.00
 SP Lunga**                                             396 112                   79 222.40
 LR Pollard**                                           611 494                  122 298.80
 G Victor**                                             594 508                  118 901.60
 VV Zondani**                                           243 949                   48 789.80
 RA de Beer***                                          260 815                   52 163.00
 TR Nel***                                              663 981                  132 796.20

        *       Director of KAP Industrial Holdings Ltd
        **      Director of KAP Diversified Industrial (Pty) Ltd
        ***     Director of Unitrans Holdings (Pty) Ltd

The grant of the share rights has taken place in terms of the rules of the KAP Performance
Share Rights Scheme and accordingly, no clearance as contemplated in Rule 3.66 of the
Listings Requirements, is required.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
1 November 2018

Sponsor
PSG Capital

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