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LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Dealing in securities by directors and company secretary: Acceptance of rights to participate in LTIP

Release Date: 04/07/2019 15:12
Code(s): LHC     PDF:  
 
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Dealing in securities by directors and company secretary: 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 EXECUTIVE DIRECTORS, COMPANY SECRETARY AND DIRECTORS OF A MAJOR
SUBSIDIARY: ACCEPTANCE OF RIGHTS TO PARTICIPATE IN LONG TERM INCENTIVE PLAN ("LTIP")

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

On 1 July 2019, the Executive Directors and the Company Secretary of the Company, and the directors of a major
subsidiary of the Company, accepted rights to participate in the Company’s LTIP. Conditional awards in respect of
ordinary shares in terms of the rules of the LTIP are made and accepted off market, subject to specified
performance conditions measured over a period of three years. These awards will vest if such conditions are met
at the end of the three-year performance period, with effect from 1 January 2019.


Director                                         :         AM Pyle
Company                                          :         Life Healthcare Group Proprietary Limited, a major
                                                           subsidiary of the Company
Number of conditional awards                     :         114 969
Deemed transaction value based on the 30-        :         R2 973 359
day VWAP of R25.86
Nature of interest                               :         Direct beneficial
Clearance obtained                               :         Yes


Director                                         :         CI Koekemoer
Company                                          :         Life Healthcare Group Proprietary Limited, a major
                                                           subsidiary of the Company
Number of conditional awards                     :         71 806
Deemed transaction value based on the 30-        :         R1 857 056
day VWAP of R25.86
Nature of interest                               :         Direct beneficial
Clearance obtained                               :         Yes


Director                                         :         PP Van Der Westhuizen
Company                                          :         Life Healthcare Group Holdings Limited
Number of conditional awards                     :         220 803
Deemed transaction value based on the 30-        :         R5 710 477
day VWAP of R25.86
Nature of interest                               :         Direct beneficial
Clearance obtained                               :         Yes

Director                                         :         SB Viranna
Company                                          :         Life Healthcare Group Holdings Limited
Number of conditional awards                     :         235 992
Deemed transaction value based on the 30-        :         R6 103 308
day VWAP of R25.86
Nature of interest                               :         Direct beneficial
Clearance obtained                               :         Yes


Group Company Secretary                          :         A Parboosing
Company                                          :         Life Healthcare Group Holdings Limited
Number of conditional awards                     :         34 763
Deemed transaction value based on the 30-        :         R899 056
day VWAP of R25.86
Nature of interest                               :         Direct beneficial
Clearance obtained                               :         Yes


Illovo
4 July 2019

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

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