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JSE LIMITED - Dealings in securities by directors, prescribed officers, the company secretary and the JSE LTIS 2018 Trust

Release Date: 17/03/2020 17:24
Code(s): JSE     PDF:  
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Dealings in securities by directors, prescribed officers, the company secretary and the JSE LTIS 2018 Trust

JSE LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2005/022939/06
Share Code: JSE
ISIN Code: ZAE000079711
LEI: 213800MZ1VUQEBWRFO39
("JSE")

DEALINGS IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS, THE COMPANY
SECRETARY AND THE JSE LTIS 2018 TRUST

The JSE LTIS 2018 Trust ("Trust") has acquired 494 170 JSE ordinary shares
in the open market on behalf of executive directors, members of the
executive committee, the Company Secretary and senior members of staff
("LTIS 2018 participants") to fulfil share awards granted in March 2020 to
these staff under the JSE’s Long-Term Incentive Scheme ("LTIS 2018").

These ordinary shares are held in trust and are restricted until all vesting
criteria are fulfilled whereupon the shares vest. To the extent that the
vesting criteria are not fulfilled the share awards are forfeited.

The vesting of these restricted JSE ordinary shares is subject to –

(i)  the JSE achieving specified corporate performance targets over the
     measurement period; and
(ii) a LTIS 2018 participant remaining in the employ of the JSE for the
     vesting term (collectively "the vesting criteria").

These JSE ordinary shares were acquired on-market, with prior clearance,
at a volume-weighted average price of R102.7343 per ordinary share. The
total transaction value amounted to R50 768 209.03. The daily high, low
and volume-weighted average for the various transactions were –


 Dates in 2020                   Daily VWAP of
    that JSE      Number of JSE   JSE shares    Daily high     Daily low
    ordinary        ordinary       acquired     price paid     price paid
     shares          shares       (cents per    (cents per     (cents per                 
    acquired        acquired        share)        share)         share)
                                               
                          
                                                 
 11 March            20 040        10389.56        10523         10290

 12 March           182 066        10215.35        10322          9900

 13 March           216 818        10524.00        10838         10059

 16 March            75 246         9661.02        10235          9291



The requisite approvals have been granted by shareholders at the JSE’s
annual general meeting, in respect of the acquisition of JSE ordinary shares
in the open market and in respect of specific financial assistance to the
Trust for the purpose of acquiring these shares.

ACCEPTANCE OF ALLOCATIONS OF SECURITIES TO DIRECTORS, THE COMPANY SECRETARY
AND PRESCRIBED OFFICERS

Following the acquisition of the JSE ordinary shares by the Trust as
disclosed above, the executive directors, members of the executive committee
and the Company Secretary have on 13 March 2020 accepted grants of
restricted JSE ordinary shares, as reflected in this announcement.


                                    Total number
                                    of restricted       Total Rand value
                                     JSE ordinary       of restricted JSE
                                       shares            ordinary shares  
                                     awarded and           awarded and    Nature of
  Executive       Role                accepted              accepted       interest
                                                                                                                                                             
                 Group CEO &
                 Executive                                                Direct
  L Fourie       Director             84 570               8 688 240      beneficial
                                                                                       
                 CFO & Executive                                          Direct
  A Takoordeen   Director             24 916               2 559 728      beneficial
                                                             
                 Prescribed                                               Direct
  A Greenwood    Officer              26 506               2 723 075      beneficial
                                                             
                 Prescribed                                               Direct
  D Khumalo      Officer              19 668               2 020 578      beneficial
                                                             
                 Prescribed                                               Direct
  H Kotze        Officer              22 962               2 358 985      beneficial
                                                                
                 Prescribed                                               Direct
  Z Morrison     Officer              16 060               1 649 913      beneficial
                                                              
                 Prescribed                                               Direct
  M Randall      Officer              20 754               2 132 148      beneficial
                                                              
                 Prescribed                                               Direct
  V Reddy        Officer              23 918               2 457 199      beneficial
                                                              
                 Group Company                                            Direct
  GA Brookes     Secretary            11 794               1 211 648      beneficial

                                                            
The restricted shares will vest in two tranches, one-half on 1 March 2023
and the remaining half on 1 March 2024, subject to the vesting criteria as
set out above being met.

The individual allocations (grant and acceptance) were approved by the JSE’s
Group Human Resources Committee and clearance to deal was granted by the
Chairman of the Board.


Sandton
17 March 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17-03-2020 05:24:00
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