BID CORPORATION LIMITED - Granting of Conditional Share Awards in terms of the 2016 Bidcorp Conditional Share Plan (CSP)

Granting of Conditional Share Awards in terms of the 2016 Bidcorp Conditional Share Plan (“CSP”)

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE 000216537
(“Bidcorp” or “the company”)

GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2016 BIDCORP CONDITIONAL
SHARE PLAN (“CSP”)

Executive directors of the company have been awarded Conditional Share Awards in terms of the 2016
Bidcorp Conditional Share Plan, approved by shareholders at the general meeting in April 2016.

Conditional Share Awards are subject to an employment performance condition, which if satisfied,
will allow vesting in September 2022, September 2023 and September 2024.

The remuneration committee has given approval for the following individual allocations which have
been accepted by the participants on Tuesday, September 1st 2020.

    •   B L Berson                                    60 900 conditional share awards
        Nature of interest                            Direct beneficial
        Price per award @ COB on August 31st 2020     R279,91
        Deemed total value of transaction             R17 046 519,00


    •   D E Cleasby                                   31 500 conditional share awards
        Nature of interest                            Direct beneficial
        Price per award @ COB on August 31st 2020     R279,91
        Deemed total value of transaction             R8 817 165,00

The above transactions were all performed off market and the necessary approvals were obtained.


Date: September 2nd 2020
Johannesburg

Sponsor: The Standard Bank of South Africa Limited

Date: 02-09-2020 12:50:00
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