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

KAAP AGRI LIMITED - Settlement of share rights under share incentive scheme

Release Date: 29/01/2019 13:30
Code(s): KAL     PDF:  
Wrap Text
Settlement of share rights under share incentive scheme

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri”)

SETTLEMENT OF SHARE RIGHTS UNDER THE KAAP AGRI EQUITY SETTLED 
MANAGEMENT SHARE INCENTIVE SCHEME (“SCHEME”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the settlement of share rights granted under the Scheme is
disclosed:

 NAMES OF DIRECTORS                              S Walsh                       (1)
                                                 GW Sim                        (2)
                                                 DC Gempies                    (3)
                                                 HJ Smit                       (4)
                                                 AJ Griesel                    (5)

 COMPANY OF WHICH WE ARE                         Kaap Agri                     (1) – (2)
 DIRECTORS                                       Kaap Agri Bedryf Limited      (1) – (5)
                                                 (a major subsidiary
                                                 of Kaap Agri)

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Settlement of                 (1) – (5)
                                                 share rights, resulting
                                                 in the delivery of ordinary
                                                 shares to participants
                                                 under the Scheme
                                                 (off-market transaction)

 TRANSACTION DATE (SETTLEMENT                    29 January 2019               (1) – (5)
 DATE)
                                                 (Settlement to occur
                                                 within 120 days of the
                                                 applicable vesting date
                                                 of 1 October 2018)

 VESTING PRICE                                   R42.32                        (1) – (5)

 GRANT PRICE                                     R23.88                        (1) – (5)

 ORDINARY SHARES DELIVERED TO                    27 130                        (1)
 PARTICIPANTS ON THE SETTLEMENT OF               12 410                        (2)
 SHARE RIGHTS                                    7 873                         (3)
                                                 7 351                         (4)
                                                 5 566                         (5)

 TOTAL VALUE OF SHARE RIGHTS                    R 1 148 156                    (1)
 SETTLED                                        R 525 199                      (2)
                                                R 333 180                      (3)
                                                R 311 110                      (4)
                                                R 235 541                      (5)

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial             (1) – (5)
 THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
29 January 2019

Sponsor
PSG Capital

Date: 29/01/2019 01:30:00 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