TRANSACTION CAPITAL LIMITED - Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan (CSP)
TCP 201706090013A
Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan (“CSP”)
Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
(“Transaction Capital” or “the company”)
ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE TRANSACTION CAPITAL CONDITIONAL SHARE PLAN (“CSP”)
In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby
given that the following director of the company and director of a major subsidiary of the company have
accepted a conditional award of Transaction Capital shares in terms of the CSP.
CSP awards are subject to retention and performance criteria and vest as follows:
- 30% of award to vest in full after 3 years, subject to continued employment.
- 70% of award to vest in equal proportions in years 2, 3 and 4 linked to predefined performance criteria.
- All CSP awards have a strike price of Rnil.
Clearances in terms of the JSE Limited Listing Requirements were obtained.
Name of director Mark Herskovits
Name of company Transaction Capital Limited
Date transaction was effected 8 June 2017
Class of security CSP awards in respect of ordinary shares
Number of CSP awards 214,988
Total value R1,750,000
Nature of transaction Off market acceptance of allocation of CSP awards
Nature of interest Direct beneficial
Name of director Lorenzo Cardoso
Name of company SA Taxi Finance Holdings Proprietary Limited
Date transaction was effected 8 June 2017
Class of security CSP awards in respect of ordinary shares
Number of CSP awards 128,993
Total value R1,050,000
Nature of transaction Off market acceptance of allocation of CSP awards
Nature of interest Direct beneficial
Dunkeld West
9 June 2017
Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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