PSG KONSULT LIMITED - Acceptance Of Options And Dealings In PSG Konsult Shares By Directors
4 May, 2016 - Posted at - 14:45:00
KST 201605040046A<BR>
Acceptance Of Options And Dealings In PSG Konsult Shares By Directors<BR>
<BR>
PSG Konsult Limited<BR>
(Incorporated in the Republic of South Africa)<BR>
Registration Number: 1993/003941/06<BR>
JSE Share Code: KST<BR>
NSX Share Code: KFS<BR>
ISIN Code: ZAE000191417<BR>
(“PSG Konsult” or “the Company”)<BR>
<BR>
ACCEPTANCE OF OPTIONS BY DIRECTORS IN TERMS OF THE PSG KONSULT GROUP SHARE<BR>
INCENTIVE TRUST AND DEALINGS IN PSG KONSULT SHARES BY DIRECTORS<BR>
<BR>
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings<BR>
Requirements, the following information is disclosed:<BR>
<BR>
ACCEPTANCE OF OPTIONS<BR>
<BR>
The following share option awards were accepted in terms of the PSG<BR>
Konsult Group Share Incentive Trust:<BR>
<BR>
<BR>
1.<BR>
NAME OF DIRECTOR FJ Gouws<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
NUMBER OF OPTIONS AWARDED 10 335 579<BR>
TOTAL RAND VALUE OF OPTIONS R70 385 292.99<BR>
<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
2.<BR>
NAME OF DIRECTOR MIF Smith<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
<BR>
NUMBER OF OPTIONS AWARDED 2 398 150<BR>
TOTAL RAND VALUE OF OPTIONS R16 331 401.50<BR>
<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
3.<BR>
NAME OF DIRECTOR NM Gudka<BR>
COMPANY OF WHICH I AM A PSG Wealth Financial Planning<BR>
DIRECTOR Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
NUMBER OF OPTIONS AWARDED 2 514 317<BR>
TOTAL RAND VALUE OF OPTIONS R17 122 498.77<BR>
<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
4.<BR>
NAME OF DIRECTOR DPB Hugo<BR>
COMPANY OF WHICH I AM A PSG Wealth Financial Planning<BR>
DIRECTOR Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
<BR>
NUMBER OF OPTIONS AWARDED 2 250 000<BR>
TOTAL RAND VALUE OF OPTIONS R15 322 500.00<BR>
<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
5.<BR>
NAME OF DIRECTOR AM Ahern<BR>
COMPANY OF WHICH I AM A PSG Asset Management Holdings<BR>
DIRECTOR Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
<BR>
NUMBER OF OPTIONS AWARDED 1 535 132<BR>
TOTAL RAND VALUE OF OPTIONS R10 454 248.92<BR>
<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
6.<BR>
NAME OF DIRECTOR HP Visser<BR>
COMPANY OF WHICH I AM A PSG Insure Holdings Proprietary<BR>
DIRECTOR Limited (a major subsidiary of<BR>
PSG Konsult)<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
NUMBER OF OPTIONS AWARDED 1 475 000<BR>
TOTAL RAND VALUE OF OPTIONS R10 044 750.00<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
7.<BR>
NAME OF DIRECTOR M Lansdell<BR>
COMPANY OF WHICH I AM A PSG Life Limited (a major<BR>
DIRECTOR subsidiary of PSG Konsult)<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
<BR>
NUMBER OF OPTIONS AWARDED 555 727<BR>
TOTAL RAND VALUE OF OPTIONS R3 784 500.87<BR>
<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
8.<BR>
NAME OF DIRECTOR C Bekker<BR>
COMPANY OF WHICH I AM A PSG Life Limited (a major<BR>
DIRECTOR subsidiary of PSG Konsult)<BR>
STATUS:EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE AND CLASS OF SECURITIES Share options to acquire<BR>
ordinary shares<BR>
DATE OF AWARD 1 April 2016<BR>
DATE OF ACCEPTANCE 03 May 2016<BR>
OPTION STRIKE PRICE R6.81 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2016)<BR>
NUMBER OF OPTIONS AWARDED 146 256<BR>
TOTAL RAND VALUE OF OPTIONS R996 003.36<BR>
<BR>
STRIKE DATE OF OPTIONS Exercisable in tranches of 25%<BR>
each on the 2nd, 3rd, 4th and 5th<BR>
anniversary of the award<BR>
NATURE OF TRANSACTION Award of options to acquire<BR>
ordinary shares in terms of a<BR>
share incentive scheme<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
Clearance to accept the above share option awards was obtained in<BR>
accordance with rule 3.66 of the JSE Limited Listings Requirements.<BR>
<BR>
DEALINGS IN PSG KONSULT SHARES BY DIRECTORS<BR>
<BR>
The following shares were acquired by directors who elected to invest a<BR>
portion of their bonus in PSG Konsult shares:<BR>
<BR>
1.<BR>
NAME OF DIRECTOR FJ Gouws<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 03 May 2016<BR>
SHARE PRICE R7.20<BR>
NUMBER OF SHARES ACQUIRED 316 610<BR>
TOTAL RAND VALUE OF SHARES R2 279 592.00<BR>
ACQUIRED<BR>
NATURE OF TRANSACTION Acquisition of shares in PSG<BR>
Konsult (On-market transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
2.<BR>
NAME OF DIRECTOR MIF Smith<BR>
COMPANY OF WHICH I AM A PSG Konsult Limited<BR>
DIRECTOR<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 03 May 2016<BR>
SHARE PRICE R7.20<BR>
NUMBER OF SHARES ACQUIRED 139 776<BR>
TOTAL RAND VALUE OF SHARES R1 006 387.20<BR>
ACQUIRED<BR>
NATURE OF TRANSACTION Acquisition of shares in<BR>
PSG Konsult (On-market<BR>
transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
3.<BR>
NAME OF DIRECTOR AM Ahern<BR>
MAJOR SUBSIDIARY OF WHICH I PSG Asset Management<BR>
AM A DIRECTOR Holdings Proprietary Limited<BR>
(a major subsidiary of PSG<BR>
Konsult)<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 03 May 2016<BR>
SHARE PRICE R6.90<BR>
NUMBER OF SHARES ACQUIRED 75 811<BR>
TOTAL RAND VALUE OF SHARES R523 095.90<BR>
ACQUIRED<BR>
NATURE OF TRANSACTION Release of shares in PSG<BR>
Konsult to director (Off-<BR>
market transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
4.<BR>
NAME OF DIRECTOR HP Visser<BR>
MAJOR SUBSIDIARY OF WHICH I PSG Insure Holdings<BR>
AM A DIRECTOR Proprietary Limited (a major<BR>
subsidiary of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 03 May 2016<BR>
SHARE PRICE R6.90<BR>
NUMBER OF SHARES ACQUIRED 69 826<BR>
TOTAL RAND VALUE OF SHARES R481 799.40<BR>
ACQUIRED<BR>
NATURE OF TRANSACTION Release of shares in PSG<BR>
Konsult to director (Off-<BR>
market transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
5.<BR>
NAME OF DIRECTOR NM Gudka<BR>
MAJOR SUBSIDIARY OF WHICH I PSG Wealth Financial<BR>
AM A DIRECTOR Planning Proprietary<BR>
Limited(a major subsidiary<BR>
of PSG Konsult)<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 03 May 2016<BR>
SHARE PRICE R6.90<BR>
NUMBER OF SHARES ACQUIRED 89 776<BR>
TOTAL RAND VALUE OF SHARES R619 454.40<BR>
ACQUIRED<BR>
NATURE OF TRANSACTION Release of shares in PSG<BR>
Konsult to director (Off-<BR>
market transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
6.<BR>
NAME OF DIRECTOR C Bekker<BR>
MAJOR SUBSIDIARY OF WHICH I PSG Life Limited(a major<BR>
AM A DIRECTOR subsidiary of PSG Konsult)<BR>
<BR>
STATUS: EXECUTIVE/NON- Executive<BR>
EXECUTIVE<BR>
TYPE OF SECURITIES Shares<BR>
CLASS OF SECURITIES Ordinary<BR>
DATE OF TRANSACTION 03 May 2016<BR>
SHARE PRICE R6.90<BR>
NUMBER OF SHARES ACQUIRED 15 960<BR>
TOTAL RAND VALUE OF SHARES R110 124.00<BR>
ACQUIRED<BR>
NATURE OF TRANSACTION Release of shares in PSG<BR>
Konsult to director (Off-<BR>
market transaction)<BR>
NATURE AND EXTENT OF Direct, Beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<BR>
<BR>
<BR>
Tyger Valley<BR>
04 May 2016<BR>
<BR>
JSE sponsor: PSG Capital Proprietary Limited<BR>
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited – member<BR>
of the Namibian Stock Exchange<BR>
<BR>
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