|
JSE
JSE
JSE - JSE Limited - Grant and acceptance of shares (Allocation 3) under Long
Term Incentive Scheme 2010 ("LTIS 2010")
JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
ISIN: ZAE000079711
Share Code: JSE
("JSE" or "the Company")
GRANT AND ACCEPTANCE OF SHARES (ALLOCATION 3) UNDER LONG TERM INCENTIVE SCHEME
2010 ("LTIS 2010")
Members of the JSE`s executive committee, which includes the executive directors
and Company Secretary, have been granted restricted ordinary shares in the
Company as set out in this announcement, in accordance with the terms of LTIS
2010.
a) Allocation 3 Personal performance shares (formerly, Retention shares),
vesting of which is subject to:
(i) the personal work performance of an executive committee member as
assessed over the vesting term; and
(ii) an executive committee member remaining in the employ of the JSE for
the vesting term.
Executive Committee member Number of Value of Holding
JSE JSE
ordinary ordinary
shares shares
NEWTON-KING 11 800 R 928 466 Direct beneficial
EVANS 6 100 R 479 970 Direct beneficial
BURKE 7 700 R 605 864 Direct beneficial
CLARKE 5 700 R 448 497 Direct beneficial
CLEARY 4 600 R 361 945 Direct beneficial
DAVIES 6 100 R 479 970 Direct beneficial
FORSSMAN 5 000 R 393 418 Direct beneficial
FOURIE 6 800 R 535 048 Direct beneficial
PARSONS 8 200 R 645 206 Direct beneficial
SMALE 6 800 R 535 048 Direct beneficial
STURGESS 4 600 R 361 945 Direct beneficial
VAN WAMELEN 6 800 R 535 048 Direct beneficial
b) Allocation 3 Corporate performance shares, vesting of which is subject to:
(i) the JSE meeting specified corporate performance targets over the
vesting term; and
(ii) an executive committee member remaining in the employ of the JSE for
the vesting term.
Executive Committee member Number of Value of Holding
JSE JSE
ordinary ordinary
shares shares
NEWTON-KING 25 300 R 1 990 695 Direct beneficial
EVANS 6 900 R 542 917 Direct beneficial
BURKE 8 700 R 684 547 Direct beneficial
CLARKE 6 500 R 511 443 Direct beneficial
CLEARY 5 300 R 417 023 Direct beneficial
DAVIES 6 900 R 542 917 Direct beneficial
FORSSMAN 5 700 R 448 497 Direct beneficial
FOURIE 7 700 R 605 864 Direct beneficial
PARSONS 9 300 R 731 757 Direct beneficial
SMALE 7 700 R 605 864 Direct beneficial
STURGESS 5 300 R 417 023 Direct beneficial
VAN WAMELEN 7 700 R 605 864 Direct beneficial
One-half of the personal performance and corporate performance shares will vest
on 30 June 2015 and the remaining half on 30 June 2016, subject to the
applicable vesting conditions being achieved. All share awards are subject to
the LTIS 2010 Rules, as approved by shareholders at the annual general meeting
held on 22 April 2010.
Approval for the above on-market individual allocations and clearance to
transact has been granted by the Chairman of the Board.
All individual share allocations as indicated above have been accepted by the
members of the executive committee on 22 June 2012, conditional on the date of
the final purchase of the shares being 28 June 2012.
ACQUISITION OF SHARES BY JSE LTIS 2010 TRUST (the "Trust")
The Trust has acquired a total of 366,600 JSE ordinary shares in the open market
during the period 22 - 28 June 2012 in order to fulfil the Allocation 3 share
awards granted to members of the executive committee and other senior members of
JSE staff.
Shareholders have granted the following permissions in respect of the
acquisition of JSE ordinary shares:
(i) Acquisition of JSE ordinary shares in the open market granted in terms
of special resolution #1 as approved by the requisite majority of
shareholders at the Company`s AGM on 22 April 2010; and
(ii) Provision of financial assistance to the Trust in order to acquire the
shares granted in terms of special resolution #1 as approved by the
requisite majority of shareholders at an Extraordinary Meeting on 22
June 2012.
These ordinary shares are held in trust and are restricted until all vesting
conditions are fulfilled whereupon the shares vest. Should the vesting
conditions not be fulfilled the share awards are forfeited.
These JSE ordinary shares were acquired at a volume-weighted average price of
R78.6836 per ordinary share (high for the period: 7990 and low for the period:
7494) and is the deemed price attributable to the transactions above.
Sandton
29 June 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/06/2012 17:30:12 Produced by the JSE SENS Department.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
