MONTAUK HOLDINGS LIMITED - MNK : Acquisition of Montauk shares by Company Secretary pursuant to the exercise and net settlement of SAR's
MNK : Acquisition of Montauk shares by Company Secretary pursuant to the exercise and net settlement of SAR's:
MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNKI & ISIN: ZAE000197455)
("Montauk" or "the Company")
ACQUISITION OF MONTAUK SHARES BY COMPANY SECRETARY OF A MAJOR
SUBSIDIARY PURSUANT TO THE EXERCISE AND NET SETTLEMENT OF SHARE
APPRECIATION RIGHTS
In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing
Requirements the following information regarding the off-market
acquisition of Montauk shares by the company secretary of a major
subsidiary pursuant to the exercise and net settlement of share
appreciation rights (SARs) previously granted in terms of the Montauk
Holdings Limited Share Appreciation Rights Scheme for US Affiliates
is disclosed:
Name: Mr J W Wallace
Designation: Vice President and Company Secretary
of a major subsidiary
Nature of transaction: Off market acquisition of Montauk
shares pursuant to the exercise and
net settlement of Montauk SARs
previously granted
Class of securities: Ordinary shares
Nature of interest: Direct beneficial
Date of exercise and acquisition: 20 December 2019
Number of SARs exercised: 83 334
Strike price of SARs exercised: R18.50
Number of shares acquired: 38 648
Purchase price per share: R34.50
Total value of transaction: R1 333 356
Clearance in respect of par 3.66 of the JSE Listings Requirements was
obtained.
Cape Town
23 December 2019
Sponsor: Investec Bank Limited
Date: 23-12-2019 07:30:00
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