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KAL : Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme:
KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("Kaap Agri")
ACCEPTANCE OF RIGHTS GRANTED UNDER THE KAAP AGRI EQUITY SETTLED MANAGEMENT SHARE INCENTIVE SCHEME ("SCHEME")
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of rights granted under the Scheme is
disclosed:
NAMES OF DIRECTORS S Walsh (1)
GW Sim (2)
DC Gempies (3)
HJ Smit (4)
AJ Griesel (5)
T Sulaiman-Bray (6)
COMPANY OF WHICH WE ARE Kaap Agri (1) - (2)
DIRECTORS Kaap Agri Bedryf Limited (1) - (6)
(a major subsidiary
of Kaap Agri)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Rights granted under the Scheme to
acquire ordinary shares
NATURE OF TRANSACTION Acceptance of award of rights to acquire
ordinary shares in terms of the Scheme
(off-market transaction) (1) - (6)
DATE OF AWARD OF RIGHTS 15 January 2020 (1) - (6)
DATE OF ACCEPTANCE OF RIGHTS 31 January 2020 (1) - (6)
PRICE AT WHICH RIGHTS AWARDED R27.31 (1) - (6)
(being the 90-day VWAP prior to the award
date)
NUMBER OF RIGHTS ACCEPTED 776 926 (1)
309 510 (2)
171 609 (3)
159 612 (4)
158 047 (5)
143 148 (6)
TOTAL RAND VALUE OF RIGHTS R21 218 811.63 (1)
ACCEPTED R8 453 099.88 (2)
R4 686 856.82 (3)
R4 359 206.13 (4)
R4 316 468.26 (5)
R3 909 556.26 (6)
VESTING DATES OF RIGHTS Vesting in tranches of 25% each on the 1st
day of 2nd, 3rd, 4th and 5th financial years
commencing after the award date (1) - (6)
SETTLEMENT PERIOD Settlement in respect of rights to occur
within 120 days of the applicable vesting
date (1) - (6)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial (1) - (6)
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Paarl
31 January 2020
Sponsor
PSG Capital
Date: 31-01-2020 10:00:00
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