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DGC
DGC
DGC - Digicore Holdings Limited - Allocation of options in terms of the Digicore
staff share incentive trust scheme
DIGICORE HOLDINGS LIMITED
Incorporated in the Republic of South Africa (Registration number:
1998/012601/06)
Share Code: DGC
ISIN Number: ZAE000016945
("DigiCore" or "the Company")
ALLOCATION OF OPTIONS IN TERMS OF THE DIGICORE STAFF SHARE INCENTIVE TRUST
SCHEME
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements,
the following information is disclosed:
1.
NAME OF DIRECTOR BC Esterhuyzen
COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
DigiCore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 2 450 000
TOTAL RAND VALUE OF OPTIONS R7 227 500
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
2.
NAME OF DIRECTOR D du Rand
COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 700 000
TOTAL RAND VALUE OF OPTIONS R2 065 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
3.
NAME OF DIRECTOR MD Rousseau
COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 1 200 000
TOTAL RAND VALUE OF OPTIONS R3 540 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
4.
NAME OF DIRECTOR FJ Schindehutte
COMPANY OF WHICH I AM A DIRECTOR DigiCore Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 800 000
TOTAL RAND VALUE OF OPTIONS R2 360 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
5.
NAME OF DIRECTOR JC Mostert
SUBSIDIARY COMPANY OF WHICH I AM A DigiCore Electronics (Pty) Ltd
DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 500 000
TOTAL RAND VALUE OF OPTIONS R1 475 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
6.
NAME OF DIRECTOR J Verster
SUBSIDIARY COMPANY OF WHICH I AM A DigiCore Electronics (Pty) Ltd
DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 1 000 000
TOTAL RAND VALUE OF OPTIONS R2 950 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
7.
NAME OF DIRECTOR HF Jordt
MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty)
AM A DIRECTOR Ltd
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 500 000
TOTAL RAND VALUE OF OPTIONS R1 475 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
8.
NAME OF DIRECTOR MW Hill
MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty)
AM A DIRECTOR Ltd
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 250 000
TOTAL RAND VALUE OF OPTIONS R737 500
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
9.
NAME OF DIRECTOR DA Nieuwoudt
MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty)
AM A DIRECTOR Ltd & C-track (SA) (Pty) Ltd
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 200 000
TOTAL RAND VALUE OF OPTIONS R590 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
10.
NAME OF DIRECTOR E Fichardt
MAJOR SUBSIDIARY COMPANY OF WHICH I C-track (SA) (Pty) Ltd
AM A DIRECTOR
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 500 000
TOTAL RAND VALUE OF OPTIONS R1 475 000
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
11.
NAME OF DIRECTOR L Nortje
MAJOR SUBSIDIARY COMPANY OF WHICH I DigiCore Fleet Management (SA) (Pty)
AM A DIRECTOR Ltd and C-track (SA) (Pty) Ltd
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary
shares in the share capital of
Digicore
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 14 March 2011
OPTION STRIKE PRICE (CENTS) 295
NUMBER OF OPTIONS ALLOCATED 50 000
TOTAL RAND VALUE OF OPTIONS R147 500
STRIKE DATES OF OPTIONS* 20% from 14 March 2012
40% from 14 March 2013
70% from 14 March 2014
100% from 14 March 2015
PERIOD OF EXERCISE Participants have a 10 year period
from the strike date during which
options can be exercised
NATURE AND EXTENT OF INTEREST IN Direct Beneficial
TRANSACTION
NATURE OF TRANSACTION Allocation and acceptance of options
to subscribe for ordinary shares in
terms of a share incentive scheme
(off-market transaction)
* Options granted under the scheme and accepted by beneficiaries will vest at
a rate of 20% on each of the first and second anniversaries of the option date
and at a rate of 30% on each of the third and fourth anniversaries of the option
date.
As a result of the fact that the trustees awarded the options to participants,
but same is not exercised, no clearance was required as contemplated in Rule
3.66 of the Listings Requirements of the JSE Limited.
15 March 2011
Sponsor
PSG Capital (Pty) Limited
Date: 16/03/2011 07:05:41 Produced by the JSE SENS Department.
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