| Mon 15 Nov 2021, 17:22 | | Dealing in company shares - KAP |
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Dealing in company shares - KAP
KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
JSE alpha code: KAP
(“KAP” or “the Company”)
DEALING IN COMPANY SHARES
1. VESTING AND EXERCISE OF SHARE RIGHTS GRANTED IN 2018
The share rights granted to participants under the KAP Performance Share Rights Scheme
(“KAP SRS”) in November 2018 have vested with effect from 2 November 2021
(“Vesting Date”), in accordance with the measurement criteria and rules of the KAP SRS.
Pursuant to this vesting, the executive directors of KAP and of its major subsidiaries in the
table below, received KAP ordinary shares of no par value (“KAP Shares”) on
15 November 2021 in an off-market transaction.
The strike price of each KAP Share is R4.72, being the closing trading price of the KAP Share
on the JSE Limited (“JSE”) on the last business day preceding the Vesting Date, namely
29 October 2021, in accordance with the provisions of the KAP SRS.
In compliance with paragraphs 6.42 to 6.53 of the Debt Listings Requirements, the following
information is disclosed:
NAMES OF DIRECTORS GN Chaplin (1)
FH Olivier (2)
G Victor (3)
W Killian (4)
SP Lunga (5)
JN van Niekerk (6)
WC Els (7)
COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Ltd (1-2)
PG Bison (Pty) Ltd# (3-4)
Unitrans Holdings (Pty) Ltd# (5)
Safripol (Pty) Ltd# (6-7)
# - a major subsidiary of the Company
STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1-7)
TYPE AND CLASS OF SECURITIES Rights in relation to (1-7)
ordinary shares
NATURE OF TRANSACTIONS Acquisition of ordinary shares (1-7)
through the exercise of rights
in terms of the KAP Performance
Share Rights Scheme
(off-market transactions)
VESTING DATE 2 November 2021 (1-7)
DATE OF EXERCISE 15 November 2021 (1-7)
OPTION STRIKE PRICE R4.72 (1-7)
NUMBER OF RIGHTS EXERCISED 789 145 (1)
479 885 (2)
297 254 (3)
92 628 (4)
198 056 (5)
108 226 (6)
113 378 (7)
TOTAL RAND VALUE OF RIGHTS R3 724 764.40 (1)
EXERCISED R2 265 057.20 (2)
R1 403 038.88 (3)
R437 204.16 (4)
R934 824.32 (5)
R510 826.72 (6)
R535 144.16 (7)
PERIOD OF EXERCISE The KAP Performance Share Rights Scheme
does not set a time limit from Vesting Date
during which participants must exercise their
rights
NAMES OF ASSOCIATES Straalhoek Sawmill (Pty) Ltd (1)
Mashoweng Investments (2)
(Pty) Ltd
RELATIONSHIP WITH DIRECTOR Director of the associate (1-2)
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1-2)
THE TRANSACTIONS Direct, beneficial (3-7)
2. DISPOSAL OF SHARES BY DIRECTORS SUBSEQUENT TO A VESTING OF SHARE
RIGHTS GRANTED IN 2018
Following the vesting of the KAP rights as set out above, and in order to settle their income
tax obligations arising from the vesting, the below-mentioned directors each disposed of a
portion of their shares, in compliance with paragraphs 6.42 to 6.53 of the Debt Listings
Requirements, in an off-market transaction on 15 November 2021, as disclosed below:
NAMES OF DIRECTORS GN Chaplin (1)
FH Olivier (2)
G Victor (3)
W Killian (4)
SP Lunga (5)
JN van Niekerk (6)
WC Els (7)
COMPANY OF WHICH A DIRECTOR KAP Industrial Holdings Ltd (1-2)
PG Bison (Pty) Ltd# (3-4)
Unitrans Holdings (Pty) Ltd# (5)
Safripol (Pty) Ltd# (6-7)
# - a major subsidiary of the Company
STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1-7)
TYPE AND CLASS OF SECURITIES Ordinary shares (1-7)
NATURE OF TRANSACTIONS Disposal of shares in off-market transactions
to settle tax obligations (1-7)
DATE OF TRANSACTIONS 15 November 2021 (1-7)
PRICE PER SECURITY R4.72 (1-7)
NUMBER OF SECURITIES 355 116 (1)
TRANSACTED 215 949 (2)
133 765 (3)
41 683 (4)
77 511 (5)
48 702 (6)
51 021 (7)
TOTAL RAND VALUE OF SECURITIES R1 676 147.52 (1)
TRANSACTED R1 019 279.28 (2)
R 631 370.80 (3)
R 196 743.76 (4)
R 365 851.92 (5)
R 229 873.44 (6)
R 240 819.12 (7)
NAMES OF ASSOCIATES Straalhoek Sawmill (Pty) Ltd (1)
Mashoweng Investments (2)
(Pty) Ltd
RELATIONSHIP WITH DIRECTOR Director of the associate (1-2)
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1-2)
THE TRANSACTIONS Direct, beneficial (3-7)
Clearance for the above was obtained in terms of paragraph 6.45 of the Debt Listings
Requirements.
By order of the Board
KAP Secretarial Services Proprietary Limited
Stellenbosch
15 November 2021
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 15-11-2021 05:22:00
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