KAAP AGRI LIMITED - Settlement of Share Rights under the Kaap Agri Equity Settled Management Share Incentive Scheme

Settlement of Share Rights under the Kaap Agri Equity Settled Management Share Incentive Scheme

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri”)

SETTLEMENT OF SHARE RIGHTS UNDER THE KAAP AGRI EQUITY SETTLED
MANAGEMENT SHARE INCENTIVE SCHEME (“SCHEME”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the settlement of share rights granted under the Scheme is
disclosed:

 NAMES OF DIRECTORS                              S Walsh                       (1)
                                                 GW Sim                        (2)
                                                 DC Gempies                    (3)
                                                 HJ Smit                       (4)
                                                 AJ Griesel                    (5)

 COMPANY OF WHICH WE ARE                         Kaap Agri                     (1) – (2)
 DIRECTORS                                       Kaap Agri Bedryf Limited      (1) – (5)
                                                 (a major subsidiary
                                                 of Kaap Agri)

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Settlement of                 (1) – (5)
                                                 share rights, resulting
                                                 in the delivery of ordinary
                                                 shares to participants
                                                 under the Scheme
                                                 (off-market transaction)

 TRANSACTION DATE (SETTLEMENT                    29 January 2020               (1) – (5)
 DATE)
                                                 (Settlement to occur
                                                 within 120 days of the
                                                 applicable vesting date
                                                 of 1 October 2019)

 VESTING PRICE                                   R32.36                        (1) – (5)
                                                 (being the 90-day VWAP prior to the
                                                 vesting date)

 GRANT PRICE                                     R23.88                        (1) – (5)

 ORDINARY SHARES DELIVERED TO                    16 313                        (1)
 PARTICIPANTS ON THE SETTLEMENT OF                7 462                        (2)
 SHARE RIGHTS                                     4 734                        (3)
                                                  4 420                        (4)
                                                  3 347                        (5)

 TOTAL VALUE OF SHARE RIGHTS                     R 527 828                     (1)
 SETTLED                                         R 241 444                     (2)
                                                 R 153 169                     (3)
                                                 R 143 023                     (4)
                                                 R 108 282                     (5)

NATURE AND EXTENT OF INTEREST IN                 Direct, beneficial            (1) – (5)
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
29 January 2020

Sponsor
PSG Capital

Date: 29-01-2020 10:00:00
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