PSG GROUP LIMITED - Acceptance Of Share Options By PSG Group Directors In Terms Of The PSG Group Supplementary Share Incentive Trust

Acceptance Of Share Options By PSG Group Directors In Terms Of The PSG Group Supplementary Share Incentive Trust

PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG Group”)

ACCEPTANCE OF SHARE OPTIONS BY PSG GROUP EXECUTIVE DIRECTORS IN TERMS
OF THE PSG GROUP LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST (“SIT”)

The following share option awards were accepted in terms of the SIT:

NAMES OF DIRECTORS             PJ Mouton                         (1)
                               WL Greeff                         (2)
                               JA Holtzhausen                    (3)
COMPANY OF WHICH WE ARE        PSG Group Limited
DIRECTORS
STATUS: EXECUTIVE/NON-         Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES   Share options to acquire
                               ordinary shares
DATE OF AWARD                  28 February 2021
DATE OF ACCEPTANCE             28 February 2021
OPTION STRIKE PRICE            R67.12 (PSG Group’s 30-day
                               volume weighted average traded
                               price as at 26 February 2021)
NUMBER OF OPTIONS ACCEPTED     349 875                           (1)
                               209 756                           (2)
                               208 896                           (3)
TOTAL RAND VALUE OF OPTIONS    R23 483 610.00                    (1)
                               R14 078 822.72                    (2)
                               R14 021 099.52                    (3)
VESTING DATE OF OPTIONS        Vesting in tranches of 25% each
                               on the 2nd, 3rd, 4th and 5th
                               anniversary of the award,
                               subject to meeting, inter alia,
                               financial and non-financial
                               performance conditions
NATURE OF TRANSACTION          Acceptance of award of options
                               to acquire ordinary shares in
                               terms of a share incentive
                               scheme
NATURE AND EXTENT OF           Direct, Beneficial
INTEREST IN THE TRANSACTION

Clearance to accept these share option awards was obtained in
accordance with paragraph 3.66 of the JSE Listings Requirements.

Stellenbosch
1 March 2021

Sponsor
PSG Capital

Independent joint sponsor
UBS South Africa

Date: 01-03-2021 05:00:00
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