| Tue 7 Mar 2017, 11:50 | | JSE LIMITED - Dealings in securities by directors and by the company secretary |
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JSE 201703070024A
Dealings in securities by directors and by the company secretary
JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
ISIN: ZAE000079711
Share Code: JSE
("JSE" or “the Company”)
DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY
Shareholders are advised that, in respect of the financial year ended
31 December 2016, the board of directors (“Board”) of the Company has
determined that a portion of the annual discretionary cash bonus pool
will be settled in JSE shares (“Bonus Shares”).
This award of Bonus Shares does not constitute a long-term share
incentive, nor does it result in any increase in the discretionary cash
bonus pool, the quantum of which remains within the JSE’s approved
remuneration policy guidelines.
The Bonus Shares constitute issued ordinary shares in the Company and
represent restricted beneficial ownership in the JSE, as recipients are
required to hold the Bonus Shares for a period of three years. Recipients
who leave the employ of the JSE for cause prior to the end of the three
year vesting period will forfeit their Bonus Shares.
All 461 eligible employees receive the same number of Bonus Shares.
Members of the JSE’s Executive Committee, including the executive
directors and the Company Secretary, have accepted their allocation of
Bonus Shares on 6 March 2017 as reflected below.
Total Rand
Number of value of
Name Role Bonus Shares Bonus Shares
Awarded Awarded
NF Newton-King CEO & Executive Director 104 15 541.76
A Takoordeen CFO & Executive Director 104 15 541.76
JH Burke Alternate Director 104 15 541.76
LV Parsons Alternate Director 104 15 541.76
A Greenwood Prescribed Officer 104 15 541.76
Z Jacobs Prescribed Officer 104 15 541.76
D Khumalo Prescribed Officer 104 15 541.76
TJ Matsena Prescribed Officer 104 15 541.76
DM Nemer Prescribed Officer 104 15 541.76
RJ van Wamelen Prescribed Officer 104 15 541.76
GA Brookes Company Secretary 104 15 541.76
Deferred annual discretionary bonus award
The Board has determined that a portion of the CEO’s annual bonus award
for 2016 be deferred and paid in shares which vest over three years,
subject to continued employment at the JSE. Accordingly, the CEO has on
6 March 2017 accepted the following allocation of JSE ordinary shares –
Total Rand
Number of value of
restricted restricted
JSE ordinary JSE ordinary
shares shares
awarded as awarded as
Name Role part of part of
discretionary discretionary
bonus bonus
NF Newton-King CEO & Executive Director 2 007 299 926.08
All interests are direct, beneficial.
Prior written approval for the above transactions has been granted by the
Chairman of the Board.
The JSE, on behalf of all the eligible employees, has procured a total of
50 187 JSE ordinary shares in the open market on 1 March 2017 in order to
deliver the Bonus Share awards to all eligible employees and the deferred
discretionary bonus share award to the CEO. Acceptance of these awards
was effected at the market volume-weighted average price.
The JSE ordinary shares were acquired at a volume-weighted average price
of 14944 cents per ordinary share. The highest price paid was 15137
cents per share and the lowest price paid was 14850 cents per share.
Sandton
7 March 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/03/2017 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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