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IPL
IPL
IPL - Imperial Holdings Limited - Vesting of rights and shares in terms
of share incentive schemes
Imperial Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
("Imperial")
VESTING OF RIGHTS AND SHARES IN TERMS OF SHARE INCENTIVE SCHEMES
In compliance with the Listings Requirements of the JSE Limited the
following information is provided:
Vesting on 15 September 2011 of Share Appreciation Rights (SAR) at a
strike price of R49.46 per SAR and vesting of no consideration matching
ordinary shares in terms of Deferred Bonus Plan (DBP) at a price of
R114.57 per share.
The SAR, which were awarded in 2008, vested upon fulfillment of the
related performance conditions.
DBP shares were acquired by scheme participants in 2008 on the open
market at the ruling price with their after tax bonus. Upon vesting,
matching ordinary shares are awarded at no further consideration.
As Imperial is currently trading under cautionary, in terms of the
scheme rules, no SAR may be exercised and the vested matching DBP shares
may not be delivered to participants before the Company is out of the
closed period as defined in the JSE Listings Requirements.
Director: OS Arbee
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 8 447
Number of matching DBP shares to be
delivered 8 447
Total value of transaction: R967 773
Number of SAR vested 369 031
Director: HR Brody
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 18 732
Number of matching DBP shares to be
delivered (net of tax) 11 239
Total value of transaction: R2 146 125
Number of SAR vested 529 904
Director: MP de Canha
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 16 253
Number of matching DBP shares to be
delivered 16 253
Total value of transaction: R1 862 106
Number of SAR vested 369 033
Director: RL Hiemstra
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 13 773
Number of matching DBP shares to be
delivered (net of tax) 8 263
Total value of transaction: R1 577 973
Number of SAR vested 369 031
Director: AH Mahomed
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 18 456
Number of matching DBP shares to be
delivered (net of tax) 11 073
Total value of transaction: R2 114 504
Number of SAR vested 506 850
Director: M Swanepoel
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 19 925
Number of matching DBP shares to be
delivered (net of tax) 11 955
Total value of transaction: R2 282 807
Number of SAR vested 369 032
Prescribed officer: P Michaux
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 4 591
Number of matching DBP shares to be
delivered (net of tax) 2 754
Total value of transaction: R525 991
Number of SAR vested 157 262
Company secretary: RA Venter
Nature and extent of
interest in transaction: Direct/beneficial
Number of matching DBP shares vested: 7 346
Number of matching DBP shares to be
delivered (net of tax) 4 407
Total value of transaction: R841 631
Number of SAR vested 156 602
Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained.
Company Secretary
RA Venter
Sponsor:
Merrill Lynch SA (Pty) Limited
Date:
16 September 2011
Date: 16/09/2011 16:57:01 Produced by the JSE SENS Department.
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