To view the PDF file, sign up for a MySharenet subscription.

ZEDER INVESTMENTS LIMITED - Exercise And Related Net-Cash Settlement Of Share Options In Terms Of The Zeder Group Share Incentive Trust

Release Date: 27/08/2019 15:00
Code(s): ZED     PDF:  
Wrap Text
Exercise And Related Net-Cash Settlement Of Share Options In Terms Of The Zeder Group Share Incentive Trust

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/019240/06
Share code: ZED
ISIN code: ZAE000088431
(“Zeder” or “the Company”)

EXERCISE AND RELATED NET-CASH SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE ZEDER GROUP SHARE INCENTIVE TRUST

Upon the exercise of the share options referred to below, Zeder elected to settle same on a
net-cash basis in line with Zeder’s remuneration policy. Accordingly, no shares were traded
and there is therefore no obligation to report same.

Due to the net-cash settlement, the executive directors did not receive any Zeder shares in
respect of such options exercised, but only the net after-tax amount in cash. This amount has
been utilised to reduce debt obligations towards Zeder in terms of the share incentive scheme.

In the interest of transparency, the following information regarding the exercise of options is
consequently disclosed:

1.
NAME OF DIRECTOR                                 N Celliers

COMPANY OF WHICH A DIRECTOR                      Zeder Investments Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive

TYPE AND CLASS OF SECURITIES                     Options in relation to ordinary shares

OPTION STRIKE PRICE                              R4.10

NUMBER OF OPTIONS EXERCISED                      1 248 474

EXERCISE DATE OF OPTIONS                         26 August 2019

PERIOD OF EXERCISE                               Participants have a 180-day period from
                                                 the vesting date of 28 February 2019
                                                 during which the options can be exercised

NATURE OF TRANSACTION                            Exercise of share options by the director at
                                                 the closing price on the exercise date of
                                                 R4.52 per share and related net-cash
                                                 settlement (Off-market transaction)

NATURE AND EXTENT OF INTEREST IN                 Direct, beneficial
THE TRANSACTION

2.
NAME OF DIRECTOR                                 JH le Roux

COMPANY OF WHICH A DIRECTOR                      Zeder Investments Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive

TYPE AND CLASS OF SECURITIES                     Options in relation to ordinary shares

OPTION STRIKE PRICE                              R4.10

NUMBER OF OPTIONS EXERCISED                      304 878

EXERCISE DATE OF OPTIONS                         26 August 2019

PERIOD OF EXERCISE                               Participants have a 180-day period from
                                                 the vesting date of 28 February 2019
                                                 during which the options can be exercised

NATURE OF TRANSACTION                            Exercise of share options by the director at
                                                 the closing price on the exercise date of
                                                 R4.52 per share and related net-cash
                                                 settlement (Off-market transaction)

NATURE AND EXTENT OF INTEREST IN                 Direct, beneficial
THE TRANSACTION

Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Limited
Listings Requirements.

Stellenbosch
27 August 2019

Sponsor
PSG Capital

Date: 27/08/2019 03:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story