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MONTAUK HOLDINGS LIMITED - Grant and Acceptance of share appreciation rights

Release Date: 29/11/2019 07:05
Code(s): MNK     PDF:  
Wrap Text
Grant and Acceptance of share appreciation rights

MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNKI & ISIN: ZAE000197455)
("MNK" or "the company")

GRANT AND ACCEPTANCE OF SHARE APPRECIATION RIGHTS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 - 3.74 of the JSE Limited Listing Requirements the following information
regarding the granting and acceptance of share appreciation rights (“SAR’s”) in terms of the Montauk
Holdings Limited Employee Share Appreciation Rights Scheme for U.S. Affiliates is disclosed:



Director                          :       SF McClain
Designation                       :       Chief Executive Officer
Nature of transaction             :       Off market grant and acceptance of SAR’s
Nature of Interest                :       Direct, Beneficial
Class of shares                   :       Ordinary shares
Date of grant of SAR              :       7 November 2019
Date of acceptance                :       27 November 2019
Number of SAR’s                   :       402 083
SAR strike price                  :       R33.50
Value of transaction              :       R13 469 780.50
Vesting date of SAR’s             :       7 November 2022
Expiry date of SAR’s              :       7 February 2023

Director                          :       KA Van Asdalan
Designation                       :       Chief Financial Officer
Nature of transaction             :       Off market grant and acceptance of SAR’s
Nature of Interest                :       Direct, Beneficial
Class of shares                   :       Ordinary shares
Date of grant of SAR              :       7 November 2019
Date of acceptance                :       27 November 2019
Number of SAR’s                   :       353 671
SAR strike price                  :       R33.50
Value of transaction              :       R11 847 978.50
Vesting date of SAR’s             :       7 November 2022 (one third)
                                          7 November 2023 (one third)
                                          7 November 2024 (one third)
Expiry date of SAR’s              :       7 February 2023 (one third)
                                          7 February 2024 (one third)
                                          7 February 2025 (one third)


Clearance                     :           Clearance in respect of par 3.66 of the JSE
                                          Listings Requirements was obtained


Cape Town
29 November 2019

Sponsor: Investec Bank Limited

Date: 29-11-2019 07:05:00
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