PEREGRINE HOLDINGS LIMITED - Dealing in securities by an associate of a director of the company
PGR 201609210016A
Dealing in securities by an associate of a director of the company
PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
JSE share code: PGR ISIN: ZAE000078127
(“Peregrine” or “the company”)
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY
Shareholders are referred to the announcement released on SENS on 3 July 2014 wherein shareholders were
advised that PGR 2 Investments (Pty) Ltd (“PGR 2”), an associate of Sean Melnick (by virtue of his indirect
holding of 100% of PGR 2), a director of the company, had entered into a zero-cost collar hedge (the “collar”),
in respect of in aggregate 1 500 000 Peregrine shares, which collar would settle in 6 equal tranches of 250 000
Peregrine shares each weekly from 21 August 2016 to 25 September 2016 (each referred to as a “settlement
date”), each option in respect thereof having a put strike price of R18.95 and a call strike price of R32.23.
The share price of Peregrine shares at the settlement date of 19 September 2016 was higher than the put price of
R18.95 and lower than the call strike price of R32.23. As a result thereof neither of the options was exercised
and there will be no change in the beneficial ownership in respect of the director’s shareholding.
21 September 2016
Joint sponsor
Java Capital
Joint sponsor
Deloitte & Touche Sponsor
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