TONGAAT HULETT LIMITED - Dealings in securities by Company Secretary
TON 201608310036A
Dealings in securities by Company Secretary
Tongaat Hulett Limited
Registration number 1892/000610/06
Share code: TON
ISIN ZAE000096541
Tongaat Hulett – Dealings in securities by Company
Secretary
The following is disclosed in respect of dealings in
securities by the company secretary, in accordance with the
JSE Listings Requirements.
In accordance with the BEE Management Share Ownership
Scheme (MSOP) approved by shareholders in 2007, the company
secretary was granted share awards on 1 August 2011. The
MSOP shares vested in the MSOP trust on 1 August 2012, and
these awards converted to ordinary shares, translating to a
converted combined benefit of 3 235 Tongaat Hulett ordinary
shares. During August 2016 these shares were released from
the 5 year restricted period and were subsequently
delivered to the company secretary, on the fifth
anniversary from the grant date in terms of the rules of
the MSOP scheme. An election has been made to sell some of
the shares to pay the associated tax and to retain the
balance, as follows:
Company Secretary: MAC MAHLARI
Number of shares delivered: 3 235
Number of shares subsequently sold to pay tax: 1 359
Price per share: R123,52
Value of transaction R167 864
Number of shares retained 1 876
Class of securities: Ordinary shares
Date: 30 August 2016
Extent of Interest: Direct and beneficial
Clearance to Transact: Yes
Purchased/Sold on Market: Yes
31 August 2016
Tongaat
Sponsor: Investec Bank limited
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