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MONTAUK HOLDINGS LIMITED - Acquisition of Montauk shares by Director pursuant to the exercise and net settlement of Share Appreciation Rights

Release Date: 07/03/2019 09:00
Code(s): MNK     PDF:  
 
Wrap Text
Acquisition of Montauk shares by Director pursuant to the exercise and net settlement of Share Appreciation Rights

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("Montauk" or "the Company")

ACQUISITION OF MONTAUK SHARES BY DIRECTOR PURSUANT TO THE EXERCISE AND
NET SETTLEMENT OF SHARE APPRECIATION RIGHTS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing
Requirements the following information regarding the off-market
acquisition of Montauk shares by directors pursuant to the exercise
and net settlement of share appreciation rights previously granted in
terms of the Montauk Holdings Limited Share Appreciation Rights
Scheme for US Affiliates is disclosed:


Director:                        Mr M L Ryan
Designation:                     Chief executive officer
Nature of transaction:           Off market acquisition of Montauk
                                 shares pursuant to the exercise and
                                 net settlement of Montauk share
                                 appreciation rights previously
                                 granted
Class of securities:             Ordinary shares
Nature of interest:              Direct beneficial
Date of acquisition:             05 March 2019
Number of shares:                83 651
Purchase price per share:        R51.99
Total value of transaction:      R4 349 015.49


Clearance in respect of par 3.66 of the JSE Listings Requirements was
obtained.


Cape Town
07 March 2019

Sponsor: Investec Bank Limited

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