| Tue 1 Mar 2016, 17:30 | | PSG GROUP LIMITED - Exercise And Acceptance Of Options By Directors In Terms Of The Psg Group Limited Supplementary Share IncentiveTrust |
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PSG 201603010101A
Exercise And Acceptance Of Options By Directors In Terms Of The Psg Group Limited Supplementary Share IncentiveTrust
PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE share code: PSG
ISIN number: ZAE000013017
(“PSG Group”)
EXERCISE AND ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE PSG GROUP
LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information is disclosed:
A) EXERCISE OF OPTIONS
The following share options were exercised in terms of the PSG Group
Limited Supplementary Share Incentive Trust:
1.
NAME OF DIRECTOR PJ Mouton
COMPANY OF WHICH I AM A PSG Group
DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 26 February 2016
OPTION STRIKE PRICE R39.61 (1)
R47.39 (2)
R61.50 (3)
R83.23 (4)
NUMBER OF OPTIONS EXERCISED 75 465 (1)
28 211 (2)
32 263 (3)
165 471 (4)
TOTAL RAND VALUE OF OPTIONS R2 989 168.65 (1)
R1 336 919.29 (2)
R1 984 174.50 (3)
R13 772 151.33 (4)
STRIKE DATE OF OPTIONS 26 February 2016 (1) – (4)
PERIOD OF EXERCISE Participants have a 90-day (1) – (4)
period from the strike date
during which options can be
exercised
NAME OF ASSOCIATE Jufrapi Investments
(Proprietary) Limited
RELATIONSHIP WITH DIRECTOR Director is a director of the
associate and a trustee and
beneficiary of the shareholder
of the associate
NATURE OF TRANSACTION Acquisition of shares in PSG
Group through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Indirect, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR WL Greeff
COMPANY OF WHICH I AM A PSG Group
DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 26 February 2016
OPTION STRIKE PRICE R39.61 (1)
R47.39 (2)
R61.50 (3)
R83.23 (4)
NUMBER OF OPTIONS EXERCISED 61 296 (1)
22 680 (2)
26 045 (3)
150 357 (4)
TOTAL RAND VALUE OF OPTIONS R2 427 934.56 (1)
R1 074 805.20 (2)
R1 601 767.50 (3)
R12 514 213.11 (4)
STRIKE DATE OF OPTIONS 26 February 2016 (1) – (4)
PERIOD OF EXERCISE Participants have a 90-day (1) – (4)
period from the strike date
during which options can be
exercised
NAME OF ASSOCIATE Pinot Investments (Proprietary)
Limited
RELATIONSHIP WITH DIRECTOR Director is a director of and
shareholder in the associate
and a trustee and beneficiary
of the majority shareholder of
the associate
NATURE OF TRANSACTION Acquisition of shares in PSG
Group through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Indirect, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR JA Holtzhausen
COMPANY OF WHICH I AM A PSG Group
DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 26 February 2016
OPTION STRIKE PRICE R39.61 (1)
R47.39 (2)
R61.50 (3)
R83.23 (4)
NUMBER OF OPTIONS EXERCISED 49 441 (1)
24 948 (2)
25 885 (3)
150 561 (4)
TOTAL RAND VALUE OF OPTIONS R1 958 358.01 (1)
R1 182 285.72 (2)
R1 591 927.50 (3)
R12 531 192.03 (4)
STRIKE DATE OF OPTIONS 26 February 2016 (1) – (4)
PERIOD OF EXERCISE Participants have a 90-day (1) – (4)
period from the strike date
during which options can be
exercised
NATURE OF TRANSACTION Acquisition of shares in PSG
Group through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
4.
NAME OF DIRECTOR JF Mouton
COMPANY OF WHICH I AM A PSG Group
DIRECTOR
STATUS:EXECUTIVE/NON- Non-executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 26 February 2016
OPTION STRIKE PRICE R39.61 (1)
R47.39 (2)
R61.50 (3)
R83.23 (4)
NUMBER OF OPTIONS EXERCISED 50 488 (1)
51 014 (2)
42 791 (3)
160 956 (4)
TOTAL RAND VALUE OF OPTIONS R1 999 829.68 (1)
R2 417 553.46 (2)
R2 631 646.50 (3)
R13 396 367.88 (4)
STRIKE DATE OF OPTIONS 26 February 2016 (1) – (4)
PERIOD OF EXERCISE Participants have a 90-day (1) – (4)
period from the strike date
during which options can be
exercised
NAME OF ASSOCIATE Dana Beleggings (Proprietary)
Limited
RELATIONSHIP WITH DIRECTOR Director is a director of the
associate and a trustee of the
shareholder of the associate
NATURE OF TRANSACTION Acquisition of shares in PSG
Group through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Indirect, Non-beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
5.
NAME OF DIRECTOR N Celliers
MAJOR SUBSIDIARY OF WHICH I Zeder Investments Limited
AM A DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 26 February 2016
OPTION STRIKE PRICE R47.39 (1)
R61.50 (2)
R83.23 (3)
NUMBER OF OPTIONS EXERCISED 7 913 (1)
6 098 (2)
2 028 (3)
TOTAL RAND VALUE OF OPTIONS R374 997.07 (1)
R375 027.00 (2)
R168 790.44 (3)
STRIKE DATE OF OPTIONS 26 February 2016 (1) – (3)
PERIOD OF EXERCISE Participants have a 90-day (1) – (3)
period from the strike date
during which options can be
exercised
NAME OF ASSOCIATE Namron Investments
(Proprietary) Limited
RELATIONSHIP WITH DIRECTOR Director is a director of the
associate and a trustee and
beneficiary of the shareholder
of the associate
NATURE OF TRANSACTION Acquisition of shares in PSG
Group through the exercise of
options (Off-market
transaction)
NATURE AND EXTENT OF Indirect, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
Clearance to deal in these shares was obtained in accordance with rule
3.66 of the JSE Limited Listings Requirements.
B) ACCEPTANCE OF OPTIONS
The following share option awards were accepted in terms of the PSG Group
Limited Supplementary Share Incentive Trust:
1.
NAME OF DIRECTOR PJ Mouton
COMPANY OF WHICH I AM A PSG Group
DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Share options to acquire
ordinary shares
DATE OF AWARD 29 February 2016
DATE OF ACCEPTANCE 29 February 2016
OPTION STRIKE PRICE R178.29 (PSG Group’s 30-day
volume weighted average traded
price at 29 February 2016)
NUMBER OF OPTIONS AWARDED 83 993
TOTAL RAND VALUE OF OPTIONS R14 975 111.97
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%
each on the 2nd, 3rd, 4th and 5th
anniversary of the award
NATURE OF TRANSACTION Award of options to acquire
ordinary shares in terms of a
share incentive scheme
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR WL Greeff
COMPANY OF WHICH I AM A PSG Group
DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Share options to acquire
ordinary shares
DATE OF AWARD 29 February 2016
DATE OF ACCEPTANCE 29 February 2016
OPTION STRIKE PRICE R178.29 (PSG Group’s 30-day
volume weighted average traded
price at 29 February 2016)
NUMBER OF OPTIONS AWARDED 54 871
TOTAL RAND VALUE OF OPTIONS R9 782 950.59
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%
each on the 2nd, 3rd, 4th and 5th
anniversary of the award
NATURE OF TRANSACTION Award of options to acquire
ordinary shares in terms of a
share incentive scheme
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR JA Holtzhausen
COMPANY OF WHICH I AM A PSG Group
DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Share options to acquire
ordinary shares
DATE OF AWARD 29 February 2016
DATE OF ACCEPTANCE 29 February 2016
OPTION STRIKE PRICE R178.29 (PSG Group’s 30-day
volume weighted average traded
price at 29 February 2016)
NUMBER OF OPTIONS AWARDED 52 880
TOTAL RAND VALUE OF OPTIONS R9 427 975.20
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%
each on the 2nd, 3rd, 4th and 5th
anniversary of the award
NATURE OF TRANSACTION Award of options to acquire
ordinary shares in terms of a
share incentive scheme
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
4.
NAME OF DIRECTOR N Celliers
MAJOR SUBSIDIARY OF WHICH I Zeder Investments Limited
AM A DIRECTOR
STATUS:EXECUTIVE/NON- Executive
EXECUTIVE
TYPE AND CLASS OF SECURITIES Share options to acquire
ordinary shares
DATE OF AWARD 29 February 2016
DATE OF ACCEPTANCE 29 February 2016
OPTION STRIKE PRICE R178.29 (PSG Group’s 30-day
volume weighted average traded
price at 29 February 2016)
NUMBER OF OPTIONS AWARDED 7 341
TOTAL RAND VALUE OF OPTIONS R1 308 826.89
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%
each on the 2nd, 3rd, 4th and 5th
anniversary of the award
NATURE OF TRANSACTION Award of options to acquire
ordinary shares in terms of a
share incentive scheme
NATURE AND EXTENT OF Direct, Beneficial
INTEREST IN THE TRANSACTION
CLEARANCE OBTAINED Yes
Clearance to accept these share option awards was obtained in accordance
with rule 3.66 of the JSE Limited Listings Requirements.
Stellenbosch
1 March 2016
Sponsor
PSG Capital
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