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Acceptance Of Options In Terms Of The Grand Parade Share Incentive Trust
GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)
ACCEPTANCE OF OPTIONS IN TERMS OF THE GRAND PARADE SHARE INCENTIVE TRUST
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of options is disclosed:
1.
NAME OF DIRECTOR Colin Michael Priem
COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Acceptance of award of options to acquire
ordinary shares in terms of the Grand
Parade Share Incentive Trust (off-market
transaction)
DATE OF ACCEPTANCE OF OPTIONS 24 April 2019
DATE OF AWARD OF OPTIONS 1 July 2018
OPTION STRIKE PRICE 204 cents
NUMBER OF OPTIONS ACCEPTED 1 470 588
TOTAL RAND VALUE OF OPTIONS R2 999 999.52
ACCEPTED
VESTING DATES OF OPTIONS The options will vest in four tranches of
25% each, on the following dates:
1 July 2020
1 July 2021
1 July 2022
1 July 2023
PERIOD OF EXERCISE Participants have a 180-day period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR Mohsin Tajbhai
COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Acceptance of award of options to acquire
ordinary shares in terms of the Grand
Parade Share Incentive Trust (off-market
transaction)
DATE OF ACCEPTANCE OF OPTIONS 24 April 2019
DATE OF AWARD OF OPTIONS 1 November 2018
OPTION STRIKE PRICE 226 cents
NUMBER OF OPTIONS ACCEPTED 1 504 425
TOTAL RAND VALUE OF OPTIONS R3 400 000.50
ACCEPTED
VESTING DATES OF OPTIONS The options will vest in four tranches of
25% each, on the following dates:
1 November 2020
1 November 2021
1 November 2022
1 November 2023
PERIOD OF EXERCISE Participants have a 180-day period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR Hassen Adams
COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares
NATURE OF TRANSACTION Acceptance of award of options to acquire
ordinary shares in terms of the Grand
Parade Share Incentive Trust (off-market
transaction)
DATE OF ACCEPTANCE OF OPTIONS 24 April 2019
DATE OF AWARD OF OPTIONS 27 August 2018
OPTION STRIKE PRICE 186 cents
NUMBER OF OPTIONS ACCEPTED 3 262 548
TOTAL RAND VALUE OF OPTIONS R6 068 339.28
ACCEPTED
VESTING DATES OF OPTIONS The options will vest in four tranches of
25% each, on the following dates:
27 August 2020
27 August 2021
27 August 2022
27 August 2023
PERIOD OF EXERCISE Participants have a 180-day period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
The delayed acceptance of the above award of the share options was due to the GPI
shareholder engagement towards the latter period of 2018, as well as the closed periods
during and subsequent to the date of the award.
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Cape Town
24 April 2019
Sponsor
PSG Capital
Date: 24/04/2019 02:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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