MONTAUK HOLDINGS LIMITED - Grant and acceptance of Share Appreciation Rights to Directors and Officers
Grant and acceptance of Share Appreciation Rights to Directors and Officers
MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNKI & ISIN: ZAE000197455)
("MNK" or "the company")
GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS TO DIRECTORS AND OFFICERS
In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information
regarding the granting and acceptance of share appreciation rights (“SAR’s”) in terms of the Montauk
Holdings Limited Employee Share Appreciation Rights Scheme for U.S. Affiliates is disclosed:
Director : KA Van Asdalan
Designation : Chief Financial Officer
Nature of transaction : Off market grant and acceptance of SAR’s
Nature of Interest : Direct, Beneficial
Class of shares : Ordinary shares
Date of grant of SAR : 26 August 2020
Date of acceptance : 01 September 2020
Number of SAR’s : 99 757
SAR strike price : R35.50
Value of transaction : R3 541 373.50
Vesting date of SAR’s : 26 August 2023
Expiry date of SAR’s : 26 November 2023
Clearance : Clearance in respect of par 3.66 of the JSE
Listings Requirements was obtained
Cape Town
03 September 2020
Sponsor: Investec Bank Limited
Date: 03-09-2020 03:53:00
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