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Acceptance of Options Granted and Exercise of Options by Directors in Terms of the Deneb Investments Share Scheme
DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
("Deneb" or the "Company")
ACCEPTANCE OF OPTIONS GRANTED AND EXERCISE OF OPTIONS BY DIRECTORS
IN TERMS OF THE DENEB INVESTMENTS SHARE SCHEME
ACCEPTANCE OF OPTIONS GRANTED
In compliance with the JSE Limited Listings Requirements, the following information is
disclosed in respect of options accepted in terms of the Deneb Investments Employee Share
Scheme (2023):
1.
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH A DIRECTOR Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary shares
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 24 June 2026
OPTION STRIKE PRICE (CENTS) 238
NUMBER OF OPTIONS ALLOCATED 2,100,875
TOTAL RAND VALUE OF OPTIONS R5,000,082.50
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 24 June 2028
30% from 24 June 2029
40% from 24 June 2030
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
DEALING
NATURE OF DEALING Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market dealing )
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR G D T Wege
COMPANY OF WHICH A DIRECTOR Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary shares
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 24 June 2026
OPTION STRIKE PRICE (CENTS) 238
NUMBER OF OPTIONS ALLOCATED 934,577
TOTAL RAND VALUE OF OPTIONS R2,224,293.26
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 24 June 2028
30% from 24 June 2029
40% from 24 June 2030
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
DEALING
NATURE OF DEALING Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market dealing)
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR D Levin
COMPANY OF WHICH A DIRECTOR Sargas (Pty) Ltd (a major subsidiary of the
Company)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary shares
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 24 June 2026
OPTION STRIKE PRICE (CENTS) 238
NUMBER OF OPTIONS ALLOCATED 143,496
TOTAL RAND VALUE OF OPTIONS R341,520.48
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 24 June 2028
30% from 24 June 2029
40% from 24 June 2030
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
DEALING
NATURE OF DEALING Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market dealing)
CLEARANCE OBTAINED Yes
EXERCISE OF OPTIONS
In compliance with the JSE Limited Listings Requirements, the following information regarding
the exercise of options and the related settlement thereof in terms of the Deneb Investments
Employee Share Scheme (2017) is disclosed:
1.
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH A DIRECTOR Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Ordinary shares
NATURE OF DEALING Exercise of options in terms of the Deneb
Investments Employee Share Scheme
(2017) and related net-equity settlement by
way of the award of 1,075,785 ordinary
shares to the director (off-market dealing)
DATE OF EXERCISE OF OPTIONS 24 June 2026
VESTING DATE OF OPTIONS EXERCISED 10% vested on 28 June 2022
20% vested on 28 June 2023
30% vested on 28 June 2024
40% vested on 28 June 2025
PERIOD OF EXERCISE Participants must exercise options within
5 years from the grant date
OPTION STRIKE PRICE 111 cents
NUMBER OF OPTIONS EXERCISED 1,846,187
TOTAL RAND VALUE OF NET-EQUITY R2,850,830 (based on the 24 June 2026
SETTLED SECURITIES closing share price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING
2.
NAME OF DIRECTOR G D T Wege
COMPANY OF WHICH A DIRECTOR Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Ordinary shares
NATURE OF DEALING Exercise of options in terms of the Deneb
Investments Employee Share Scheme
(2017) and related net-equity settlement by
way of the award of 577,968 ordinary
shares to the director (off-market dealing)
DATE OF EXERCISE OF OPTIONS 24 June 2026
VESTING DATE OF OPTIONS EXERCISED 10% vested on 28 June 2022
20% vested on 28 June 2023
30% vested on 28 June 2024
40% vested on 28 June 2025
PERIOD OF EXERCISE Participants must exercise options within
5 years from the grant date
OPTION STRIKE PRICE 111 cents
NUMBER OF OPTIONS EXERCISED 991,868
TOTAL RAND VALUE OF NET-EQUITY R1,531,615 (based on the 24 June 2026
SETTLED SECURITIES closing share price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING
3.
NAME OF DIRECTOR D Levin
COMPANY OF WHICH A DIRECTOR Sargas (Pty) Ltd a wholly owned subsidiary
of Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Ordinary shares
NATURE OF DEALING Exercise of options in terms of the Deneb
Investments Employee Share Scheme
(2017) and related net-equity settlement by
way of the award of 39,594 ordinary shares
to the director (off-market dealing)
DATE OF EXERCISE OF OPTIONS 24 June 2026
VESTING DATE OF OPTIONS EXERCISED 10% vested on 28 June 2022
20% vested on 28 June 2023
30% vested on 28 June 2024
40% vested on 28 June 2025
PERIOD OF EXERCISE Participants must exercise options within
5 years from the grant date
OPTION STRIKE PRICE 111 cents
NUMBER OF OPTIONS EXERCISED 67,949
TOTAL RAND VALUE OF NET-EQUITY R104,924 (based on the 24 June 2026
SETTLED SECURITIES closing share price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING
Clearance for the above was obtained in terms of the JSE Limited Listings Requirements.
Cape Town
25 June 2026
Sponsor
PSG Capital
Date: 25-06-2026 02:00:00
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