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HUGE GROUP LIMITED - Dealing in securities by an associate of a director

Release Date: 01/03/2021 17:39
Code(s): HUG     PDF:  
Wrap Text
Dealing in securities by an associate of a director

(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company” or “the Group”)

Dealing in securities by an associate of a director

In terms of paragraphs 3.63 - 3.66 of the JSE Limited Listings Requirements, the following
information, relating to the dealing in securities, is disclosed:

Name of associate:                    MA Herbst
Name of director:                     JC Herbst
Class of securities:                  Ordinary shares which are the subject of a written
                                      call option
Date of transactions:                 26 February 2021

Number of shares:                     575 000
Exercise price per share:             R7.25
Maximum settlement amount:            R4 168 750

Number of shares:                     3 000 000
Exercise price per share:             30-day VWAP in cents on the day the exercise
                                      notice is given
Settlement amount:                    To be determined on the day the exercise notice
                                      is given

Call option period:                   18 months from 26 February 2021
Nature of the transaction:            Call Option Agreements entered into by Pacific
                                      Breeze Trading 417 Proprietary Limited (a
                                      company of a wholly-owned associate company
                                      of MA Herbst), granting options to third parties to
                                      acquire ordinary shares of the Company (off
Extent of interest of director:       Indirect beneficial
Extent of interest of associate:      Direct beneficial
Clearance to deal:                    Yes

1 March 2021

Nedbank Corporate and Investment Banking

Date: 01-03-2021 05:39:00
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