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LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Dealing in securities by directors of a major subsidiary: Acceptance of rights to participate in LTIP

Release Date: 03/07/2019 17:49
Code(s): LHC     PDF:  
 
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Dealing in securities by directors of a major subsidiary: Acceptance of rights to participate in LTIP

LIFE HEALTHCARE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/002733/06)
ISIN: ZAE000145892
Share Code: LHC
("Life Healthcare" or "the Company")

DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY: ACCEPTANCE OF RIGHTS TO PARTICIPATE IN
LONG TERM INCENTIVE PLAN

In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:

On 27 June 2019, the directors of a major subsidiary of the Company accepted rights to participate in the
Company’s Long Term Incentive Plan. Conditional awards in respect of ordinary shares in terms of the rules of the
Long Term Incentive Plan are made and accepted off market, subject to specified performance conditions
measured over a period of three years and will vest if such conditions are met at the end of the three-year
performance period.


Director                                     :          PF Theron
Company                                      :          Life Healthcare Group Proprietary Limited, a major
                                                        subsidiary of the Company
Number of conditional awards                            48 640
Deemed transaction valued based on the       :          R1 257 933
30-day VWAP of R25.86

Nature of interest                           :          Direct Beneficial
Clearance obtained                           :          Yes


Director                                     :          KA Wylie
Company                                      :          Life Healthcare Group Proprietary Limited, a major
                                                        subsidiary of the Company
Number of conditional awards                 :          68 938
Deemed transaction valued based on the       :          R1 782 888
30-day VWAP of R25.86
Nature of interest                           :          Direct Beneficial
Clearance obtained                           :          Yes


Illovo
3 July 2019

Sponsor
RAND MERCHANT BANK (A division of First Rand Bank Limited)

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