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Exercise and Related Net-Equity Settlement of Share Options in terms of The Zeder Group Share Incentive Trust
ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/019240/06
Share code: ZED
ISIN: ZAE000088431
LEI code: 37890022AF5FD117D649
("Zeder" or "the Company")
EXERCISE AND RELATED NET-EQUITY SETTLEMENT OF SHARE OPTIONS IN TERMS
OF THE ZEDER GROUP SHARE INCENTIVE TRUST ("SIT")
Upon the exercise of the share options referred to below, Zeder elected to settle same on a
net-equity basis through the award of shares as detailed below:
NAME OF DIRECTOR JH le Roux
COMPANY OF WHICH A DIRECTOR Zeder Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
OPTION STRIKE PRICE R(1.59) (1)
R(1.47) (2)
NUMBER OF OPTIONS EXERCISED 875 862 (1)
548 234 (2)
EXERCISE DATE OF OPTIONS After close of business on
29 February 2024 (1) – (2)
PERIOD OF EXERCISE Participants have a 180-day period from
the vesting date of 28 February 2024
during which the options can be exercised
(1) – (2)
NAME OF ASSOCIATE Bakenskraal Investments Proprietary
Limited (1) – (2)
RELATIONSHIP WITH DIRECTOR Director is a director of the associate, as
well as a trustee and beneficiary of the
shareholder of the associate
NATURE OF TRANSACTION Exercise of share options by the director
at the last traded share price of R1.78 per
share on 29 February 2024, and related
after-tax net-equity settlement by way of
the award of 1 462 572 shares to the
director, with such shares to be
transferred by the director to his associate
for an amount equal to the R1.78 per
share (Off-market transaction)
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION
Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Limited
Listings Requirements.
During the current financial year, the above strike prices were adjusted pursuant to Zeder's
payment of special dividends in August 2023 and November 2023, such adjustment having
occurred in terms of clause 26 of the SIT deed, in accordance with the provisions of the
scheme.
Stellenbosch
1 March 2024
Sponsor Independent Joint Sponsor
PSG Capital Tamela Holdings
Date: 01-03-2024 12:25:00
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