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ARGENT INDUSTRIAL LIMITED - Exercise of Options by Directors in terms of the Company Share Incentive Scheme

Release Date: 20/11/2019 11:04
Code(s): ART     PDF:  
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Exercise of Options by Directors in terms of the Company Share Incentive Scheme

ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
(“Argent” or “the Company”)

EXERCISE OF OPTIONS BY DIRECTORS IN TERMS OF THE COMPANY SHARE
INCENTIVE SCHEME

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:

NAME OF DIRECTOR                                T R Hendry

COMPANY OF WHICH A DIRECTOR                     Argent

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive director

TYPE AND CLASS OF SECURITIES                    Ordinary shares

NATURE OF TRANSACTION                           Acquisition of ordinary shares through the
                                                exercise of options in terms of the
                                                Company Share Incentive Scheme (off-
                                                market transaction)

VESTING DATE OF OPTIONS EXERCISED               19 November 2019

DATE OF EXERCISE OF OPTIONS                     19 November 2019

OPTION STRIKE PRICE                             (1)   R4.15
                                                (2)   R4.62

NUMBER OF OPTIONS EXERCISED                     (1)   284 996
                                                (2)   141 198

TOTAL RAND VALUE OF OPTIONS                     (1)   R1 182 733.40
EXERCISED                                       (2)   R652 334.76

PERIOD OF EXERCISE                              Participants have a 3 days period from the
                                                vesting date during which options can be
                                                exercised.

NATURE AND EXTENT OF INTEREST IN                Direct beneficial
THE TRANSACTION



NAME OF DIRECTOR                                A F Litschka

COMPANY OF WHICH A DIRECTOR                     Argent

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive director

TYPE AND CLASS OF SECURITIES                    Ordinary shares

NATURE OF TRANSACTION                           Acquisition of ordinary shares through the
                                                exercise of options in terms of the
                                                Company Share Incentive Scheme (off-
                                                market transaction)

VESTING DATE OF OPTIONS EXERCISED               19 November 2019

DATE OF EXERCISE OF OPTIONS                     19 November 2019

OPTION STRIKE PRICE                             R4.15

NUMBER OF OPTIONS EXERCISED                     284 996

TOTAL RAND VALUE OF OPTIONS                     R1 182 733.40
EXERCISED

PERIOD OF EXERCISE                              Participants have a 3 days period from the
                                                vesting date during which options can be
                                                exercised.

NATURE AND EXTENT OF INTEREST IN                Direct beneficial
THE TRANSACTION



NAME OF DIRECTOR                                S J Cox

COMPANY OF WHICH A DIRECTOR                     Argent

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive director

TYPE AND CLASS OF SECURITIES                    Ordinary shares

NATURE OF TRANSACTION                           Acquisition of ordinary shares through the
                                                exercise of options in terms of the
                                                Company Share Incentive Scheme (off-
                                                market transaction)

VESTING DATE OF OPTIONS EXERCISED               19 November 2019

DATE OF EXERCISE OF OPTIONS                     19 November 2019

OPTION STRIKE PRICE                             (1)   R4.15
                                                (2)   R4.62

NUMBER OF OPTIONS EXERCISED                     (1)   284 996
                                                (2)   141 198

TOTAL RAND VALUE OF OPTIONS                     (1)   R1 182 733.40
EXERCISED                                       (2)   R652 334.76

PERIOD OF EXERCISE                              Participants have a 3 days period from the
                                                vesting date during which options can be
                                                exercised.

NATURE AND EXTENT OF INTEREST IN                Direct beneficial
THE TRANSACTION

Umhlanga
20 November 2019

Sponsor
PSG Capital

Date: 20/11/2019 11:04:00
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