Acceptance Of Share Rights Grants In Terms Of The Pepkor Long Term Performance Share Rights Scheme PEPKOR HOLDINGS LIMITED (Previously Steinhoff Africa Retail Limited) (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: PPH ISIN: ZAE000259479 (“Pepkor” or “the Company”) ACCEPTANCE OF SHARE RIGHTS GRANTS IN TERMS OF THE PEPKOR LONG TERM PERFORMANCE SHARE RIGHTS SCHEME In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of grant of share rights is disclosed: NAME OF DIRECTORS LM Lourens (1) RG Hanekom (2) JL Hamman (3) COMPANY OF WHICH A DIRECTOR Pepkor Holdings Limited (1) – (2) Pepkor Trading Proprietary (1) – (3) Limited (a major subsidiary of the Company) STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1) – (3) CLASS OF SECURITIES Share Rights to receive ordinary shares (1) – (3) NATURE OF TRANSACTIONS Acceptance of share rights (1) – (3) in terms of the Pepkor Long Term Performance Share Rights Scheme (off-market transactions) DATE OF ACCEPTANCE OF SHARE 1 March 2019 (1) – (3) RIGHTS DATE OF GRANT OF SHARE RIGHTS 1 March 2019 (1) – (3) PRICE AT WHICH SHARE RIGHTS Zero cost (1) – (3) GRANTED NUMBER OF SHARE RIGHTS GRANTED 797 835 (1) 536 756 (2) 437 573 (3) TOTAL RAND VALUE OF SHARE RIGHTS R16 355 617.50 (1) BASED ON THE CLOSING SHARE PRICE R11 003 498.00 (2) ON 1 MARCH 2019 R8 970 246.50 (3) VESTING DATES OF SHARE RIGHTS The share rights shall vest on the third anniversary of the grant date and vesting is subject to the achievement of relevant performance criteria NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1) – (3) THE TRANSACTIONS Clearance to accept these share rights was obtained in accordance with paragraph 3.66 of the Listings Requirements of the JSE Limited. Parow 4 March 2019 Sponsor PSG Capital Date: 04/03/2019 03:30:00 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.
Email this JSE Sens Item to a Friend.