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HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Grant and acceptance of options to directors and officers

Release Date: 15/12/2021 11:29
Code(s): HCI     PDF:  
Wrap Text
Grant and acceptance of options to directors and officers

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)

GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements
the following information regarding the granting and acceptance of options in
terms of the HCI Employee Share Scheme is disclosed:


Director                    :    Mr J A Copelyn
Designation                 :    Chief Executive Officer
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    13 December 2021
Date of acceptance          :    15 December 2021
Number of options           :    290 379
Option strike price         :    R69.44 (10% discount to the 20 day
VWAP)
Value of transaction        :    R20 162 488
Vesting date of options     :    13 December 2024, 2025 and 2026 in equal
parts
Expiry date of options      :    13 June 2025, 2026 and 2027 in equal parts


Director                    :    Mr J R Nicolella
Designation                 :    Financial Director
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    13 December 2021
Date of acceptance          :    15 December 2021
Number of options           :    150 925
Option strike price         :    R69.44 (10% discount to the 20 day
VWAP)
Value of transaction        :    R10 479 498
Vesting date of options     :    13 December 2024, 2025 and 2026 in equal
parts
Expiry date of options      :    13 June 2025, 2026 and 2027 in equal parts


Director                    :    Mr T G Govender
Designation                 :    Executive Director
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    13 December 2021
Date of acceptance          :    15 December 2021
Number of options           :    125 970
Option strike price         :    R69.44 (10% discount to the 20 day
VWAP)
Value of transaction        :    R8 746 765
Vesting date of options     :    13 December 2024, 2025 and 2026 in equal
parts
Expiry date of options      :    13 June 2025, 2026 and 2027 in equal parts


Director                    :    Mr Y Shaik
Designation                 :    Executive Director
Nature of transaction       :    Grant and acceptance of option, Off market
Nature of Interest          :    Direct, Beneficial
Class of Shares             :    Ordinary shares
Date of grant of option     :    13 December 2021
Date of acceptance          :    15 December 2021
Number of options           :    125 026
Option strike price         :    R69.44 (10% discount to the 20 day
VWAP)
Value of transaction        :    R8 681 227
Vesting date of options     :    13 December 2024, 2025 and 2026 in equal
parts
Expiry date of options      :    13 June 2025, 2026 and 2027 in equal parts


Clearance                   :    Clearance in terms of par. 3.66 of the JSE
Listings Requirements was obtained.


Cape Town
15 December 2021
Sponsor: Investec Bank Limited

Date: 15-12-2021 11:29:00
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