KAAP AGRI LIMITED - Acceptance of rights granted under share incentive scheme

Acceptance of rights granted 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”)

ACCEPTANCE OF RIGHTS GRANTED 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 acceptance of rights granted under the Scheme is
disclosed:

 NAME OF DIRECTORS                               S Walsh                    (1)
                                                 GW Sim                     (2)
                                                 DC Gempies                 (3)
                                                 HJ Smit                    (4)
                                                 AJ Griesel                 (5)
                                                 T Sulaiman-Bray            (6)

 COMPANY OF WHICH WE ARE                         Kaap Agri                  (1) – (2)
 DIRECTORS                                       Kaap Agri Bedryf Limited   (1) – (6)
                                                 (a major subsidiary
                                                 of Kaap Agri)

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Rights granted under the Scheme to
                                                 acquire ordinary shares

 NATURE OF TRANSACTION                           Acceptance of award of rights to acquire
                                                 ordinary shares in terms of the Scheme
                                                 (off-market transaction)   (1) – (6)

 DATE OF AWARD OF RIGHTS                         15 January 2019            (1) – (6)

 DATE OF ACCEPTANCE OF RIGHTS                    31 January 2019            (1) – (6)

 PRICE AT WHICH RIGHTS AWARDED                   R36.72                     (1) – (6)

 NUMBER OF SHARE RIGHTS ACCEPTED                 90 373                     (1)
                                                 42 408                     (2)
                                                 26 186                     (3)
                                                 24 346                     (4)
                                                 28 144                     (5)
                                                 4 043                      (6)

 TOTAL RAND VALUE OF RIGHTS                      R3 318 496.56              (1)
 ACCEPTED                                        R1 557 221.76              (2)
                                                 R961 549.92                (3)
                                                 R893 985.12                (4)
                                                 R1 033 447.68              (5)
                                                 R148 458.96                (6)

 VESTING DATES OF RIGHTS                        Vesting in tranches of 25% each on the 1st
                                                day of 2nd, 3rd, 4th and 5th financial years
                                                commencing after the award date (1) – (6)

 SETTLEMENT PERIOD                              Settlement in respect of rights to occur
                                                within 120 days of the applicable vesting
                                                date                        (1) – (6)

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial          (1) – (6)
 THE TRANSACTION

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

Paarl
31 January 2019

Sponsor
PSG Capital

Date: 31/01/2019 11:30:00 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.