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BID CORPORATION LIMITED - Granting of Conditional Share Awards in Terms of the 2016 BidCorp Conditional Share Plan

Release Date: 25/06/2025 16:47
Code(s): BID     PDF:  
Wrap Text
Granting of Conditional Share Awards in Terms of the 2016 BidCorp Conditional Share Plan

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE 000216537
("Bidcorp" or "the company")


GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2016 BIDCORP CONDITIONAL
SHARE PLAN ("CSP")

Executive directors of the company have been awarded Conditional Share Awards in terms of the 2016
Bidcorp Conditional Share Plan, approved by shareholders at the general meeting in April 2016.

Conditional Share Awards for executive directors are subject to performance conditions as set out in
the 2024 Bidcorp Remuneration Report approved by shareholders on October 31st 2024, which if
achieved, will vest in September 2027 and September 2028.

The remuneration committee has given approval for the following individual allocations which have
been accepted by the participants on Friday, June 20th 2025.

    •   B L Berson                                     170 000 conditional share awards
        Nature of interest                             Direct beneficial
        Price per award @ COB on June 20th 2025        R458,43
        Deemed total value of transaction              R77,933,100


    •   D E Cleasby                                    80 000 conditional share awards
        Nature of interest                             Direct beneficial
        Price per award @ COB on June 20th 2025        R458,43
        Deemed total value of transaction              R36,674,400

The above transactions were all performed off market and the necessary approvals were obtained.


Date: June 25th 2025
Johannesburg

Sponsor: The Standard Bank of South Africa Limited

Date: 25-06-2025 04:47:00
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