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Acceptance Of Options Granted In Terms Of The Deneb Investments Employee 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 IN TERMS OF THE DENEB INVESTMENTS EMPLOYEE SHARE SCHEME
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:
1.
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH I AM 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 5 July 2019
OPTION STRIKE PRICE (CENTS) 181
NUMBER OF OPTIONS ALLOCATED 2,290,642
TOTAL RAND VALUE OF OPTIONS R4 146 062.02
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 4 July 2020
20% from 4 July 2021
30% from 4 July 2022
40% from 4 July 2023
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED Yes
2.
NAME OF DIRECTOR D Duncan
COMPANY OF WHICH I AM 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 5 July 2019
OPTION STRIKE PRICE (CENTS) 181
NUMBER OF OPTIONS ALLOCATED 1,637,728
TOTAL RAND VALUE OF OPTIONS R2 964,287.68
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 4 July 2020
20% from 4 July 2021
30% from 4 July 2022
40% from 4 July 2023
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED Yes
3.
NAME OF DIRECTOR G D T Wege
COMPANY OF WHICH I AM 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 5 July 2019
OPTION STRIKE PRICE (CENTS) 181
NUMBER OF OPTIONS ALLOCATED 1,088,366
TOTAL RAND VALUE OF OPTIONS R1,969,942.46
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 4 July 2020
20% from 4 July 2021
30% from 4 July 2022
40% from 4 July 2023
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED Yes
4.
NAME OF DIRECTOR A Ntuli
COMPANY OF WHICH I AM 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 5 July 2019
OPTION STRIKE PRICE (CENTS) 181
NUMBER OF OPTIONS ALLOCATED 100,123
TOTAL RAND VALUE OF OPTIONS R181,222.63
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 4 July 2020
20% from 4 July 2021
30% from 4 July 2022
40% from 4 July 2023
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED Yes
5.
NAME OF DIRECTOR I N Morris
COMPANY OF WHICH I AM A DIRECTOR Prima Toy and Leisure Trading (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 5 July 2019
OPTION STRIKE PRICE (CENTS) 181
NUMBER OF OPTIONS ALLOCATED 839,142
TOTAL RAND VALUE OF OPTIONS R1,518,847.02
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 4 July 2020
20% from 4 July 2021
30% from 4 July 2022
40% from 4 July 2023
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED Yes
6.
NAME OF DIRECTOR F Nussbaum
COMPANY OF WHICH I AM A DIRECTOR Prima Toy and Leisure Trading (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 5 July 2019
OPTION STRIKE PRICE (CENTS) 181
NUMBER OF OPTIONS ALLOCATED 491,506
TOTAL RAND VALUE OF OPTIONS R889,625.86
VESTING DATES OF OPTIONS The options will vest in 4 tranches, on the
following dates:
10% from 4 July 2020
20% from 4 July 2021
30% from 4 July 2022
40% from 4 July 2023
PERIOD OF EXERCISE 5 years from grant of options
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED Yes
Cape Town
5 July 2019
Sponsor
PSG Capital
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