PSG KONSULT LIMITED - Acceptance Of Options By Directors In Terms Of The PSG Konsult Group Share Incentive Trust
23 April, 2018 - Posted at - 11:00:00
KST 201804230022A<BR>
Acceptance Of Options By Directors In Terms Of The PSG Konsult Group Share Incentive Trust<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<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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 3 750 000<BR>
TOTAL RAND VALUE OF OPTIONS R32 775 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 1 200 000<BR>
TOTAL RAND VALUE OF OPTIONS R10 488 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 1 200 000<BR>
TOTAL RAND VALUE OF OPTIONS R10 488 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 1 350 000<BR>
TOTAL RAND VALUE OF OPTIONS R11 799 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 1 200 000<BR>
TOTAL RAND VALUE OF OPTIONS R10 488 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 1 200 000<BR>
TOTAL RAND VALUE OF OPTIONS R10 488 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
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 Wealth 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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 1 200 000<BR>
TOTAL RAND VALUE OF OPTIONS R10 488 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
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 D Chard<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 2018<BR>
DATE OF ACCEPTANCE 20 April 2018<BR>
OPTION STRIKE PRICE R8.74 (PSG Konsult's 30-day<BR>
volume weighted average traded<BR>
price at 1 April 2018)<BR>
<BR>
NUMBER OF OPTIONS ACCEPTED 400 000<BR>
TOTAL RAND VALUE OF OPTIONS R3 496 000.00<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 Acceptance of award of options<BR>
to acquire ordinary shares in<BR>
terms of a share incentive<BR>
scheme<BR>
NATURE AND EXTENT OF Direct, beneficial<BR>
INTEREST IN THE TRANSACTION<BR>
CLEARANCE OBTAINED Yes<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>
Tyger Valley<BR>
23 April 2018<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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