RMB HOLDINGS LIMITED - Realisation of deferred bonus plan benefit
RMH 201409170037A
Realisation of deferred bonus plan benefit
RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005115/06)
ISIN: ZAE000024501
JSE ordinary share code: RMH
("RMH" or "the company")
REALISATION OF DEFERRED BONUS PLAN BENEFIT
In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:
In September 2012 RMH awarded Mr Peter Cooper performance related
remuneration of which R790 000 was converted to RMH shares, with
delivery of the shares deferred for two years. Further details of
the award made are set out in the company’s annual integrated
report.
Mr Cooper became entitled to the benefit under the plan on
15 September 2014, on which date the RMH share price was R56.60.
The final restrictive condition has now been complied with and the
benefits that accrue to the participant are as follows:
Director : Peter Cooper
Company : RMH
Date of transaction : 15 September 2014
Nature of transaction and : Off-market settlement of
class of securities deferred bonus award by way of
ordinary shares
Number of RMH shares delivered : 22 229
Deemed price : R56.60
Vesting date : 15 September 2014
Value of settlement : R1 258 161.40
Director’s interest : Direct beneficial
Clearance obtained : Yes
The restriction on the deferred award was lifted on 15 September
2014. Mr Cooper elected to take delivery of the total number of
shares that constitute the award and will fund the income tax
liability arising from his own resources.
Sandton
17 September 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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