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KEH
KEH
KEH - Keaton Energy Holdings Limited - Award and acceptance of share
appreciation rights
Keaton Energy Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH ISIN: ZAE000117420
("Keaton Energy" or "the Company")
AWARD AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS
In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements,
the following information is disclosed:
Executive director: PBM Miller
Offer date: 2 December 2011
Number of notional shares: 1 752 746
Offer price per notional share: R2-81
Expected value: R4 925 216.26
Vesting conditions: Subject to a Minimum Employment
Period (three years) and certain
performance targets as noted on the
Bonus Award Certificate. To be
exercised by no later than the sixth
anniversary of the Offer date.
Extent of interest: Direct beneficial
Nature of transaction: Off market notional shares (share
appreciation rights) awarded and
accepted in terms of the Keaton
Energy Long-Term Performance
Incentive Scheme
Clearance to deal obtained: Yes
Executive director: AB Glad
Offer date: 2 December 2011
Number of notional shares: 1 017 855
Offer price per notional share: R2-81
Expected value: R2 860 172.55
Vesting conditions: Subject to a Minimum Employment
Period (three years) and certain
performance targets as noted on the
Bonus Award Certificate. To be
exercised by no later than the sixth
anniversary of the Offer date.
Extent of interest: Direct beneficial
Nature of transaction: Off market notional shares (share
appreciation rights) awarded and
accepted in terms of the Keaton
Energy Long-Term Performance
Incentive Scheme
Clearance to deal obtained: Yes
Executive director: J Rossouw
Offer date: 2 December 2011
Number of notional shares: 355 872
Offer price per notional share: R2-81
Expected value: R1 000 000.00
Vesting conditions: Subject to a Minimum Employment
Period (three years). To be exercised
by no later than the sixth
anniversary of the Offer date.
Extent of interest: Direct beneficial
Nature of transaction: Off market notional shares (share
appreciation rights) awarded and
accepted in terms of the Keaton
Energy Long-Term Performance
Incentive Scheme
Clearance to deal obtained: Yes
Bryanston
5 December 2011
Sponsor
Nedbank Capital
Date: 05/12/2011 14:00:26 Produced by the JSE SENS Department.
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