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LIBERTY HOLDINGS LIMITED - CANCELLATION OF S444620 Grant and Acceptance of Share Awards by Executive Directors and the Company Secretary

Release Date: 08/04/2021 07:05
Code(s): LBH     PDF:  
Wrap Text
CANCELLATION OF S444620 Grant and Acceptance of Share Awards by Executive Directors and the Company Secretary

LIBERTY HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 1968/002095/06
("Liberty Holdings" or “the Company”)
Alpha Code LBH
ISIN code: ZAE000127148

GRANT AND ACCEPTANCE OF SHARE AWARDS BY EXECUTIVE DIRECTORS AND THE
COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, Liberty Holdings
hereby announces that the executive directors and company secretary of the Company have, as part
of the 2020 year-end remuneration cycle, been granted, and have accepted, Special Deferred
Restricted Share awards in terms of Liberty Holding’s Group Restricted Share Plan Trust.

Director                                        D C Munro
Acceptance date                                 7 April 2021
Number of securities                            5,133
Nature of transaction                           Off-market award and acceptance of share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                restricted shares in terms of the Liberty Holdings
                                                Group Restricted Share Plan Trust
Vesting periods                                 One-third after 18 months, another one-third after 30
                                                months and the balance after 42 months . No
                                                conditionality applies.
Price per share *                               R68.24
Total value of transaction #                    R350,276
Nature and extent of interest                   Indirect beneficial, via Liberty Holdings Group
                                                Restricted Share Plan Trust
Clearance obtained                              Yes

Director                                        Y Maharaj
Acceptance date                                 7 April 2021
Number of securities                            2,712
Nature of transaction                           Off-market award and acceptance of share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                restricted shares in terms of the Liberty Holdings
                                                Group Restricted Share Plan Trust
Vesting periods                                 One-third after 18 months, another one-third after 30
                                                months and the balance after 42 months . No
                                                conditionality applies.
Price per share *                               R68.24
Total value of transaction #                    R185,067
Nature and extent of interest                   Indirect beneficial, via Liberty Holdings Group
                                                Restricted Share Plan Trust
Clearance obtained                              Yes

Company Secretary                               J M Parratt
Acceptance date                                 7 April 2021
Number of securities                            10,991
Nature of transaction                           Off-market award and acceptance of share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                 restricted shares in terms of the Liberty Holdings
                                                 Group Restricted Share Plan Trust
Vesting periods                                  One-third after 18 months, another one-third after 30
                                                 months and the balance after 42 months . No
                                                 conditionality applies.
Price per share *                                R68.24
Total value of transaction #                     R750,026
Nature and extent of interest                    Indirect beneficial, via Liberty Holdings Group
                                                 Restricted Share Plan Trust
Clearance obtained                               Yes

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, Liberty Holdings
hereby announces that the following executive directors of the Company have been awarded, and have
accepted, conditional awards in terms of the Liberty Holdings Performance Reward Plan (PRP).
Awards in the PRP are settled in ordinary shares upon vesting, subject to the outcome of the conditions
imposed.

The conditional PRP units awarded are subject to retention, forfeiture and performance conditions and
vest in accordance with the rules of the PRP.

Director                                         D C Munro
Designation:                                     Chief Executive Officer of Liberty Holdings
Acceptance date                                  7 April 2021
Class of security                                Awards in respect of ordinary shares
Number of awards                                 227,140
Price per share*                                 R68.24
Vesting date                                     50% on 1 March 2024 and 50% on 1 March 2025
Nature of transaction                            Off-market award and acceptance of share awards
Nature and extent of interest                    Direct beneficial
Clearance obtained                               Yes

Director                                         Y Maharaj
Acceptance date                                  7 April 2021
Designation                                      Chief Financial Officer of Liberty Holdings
Class of security                                Awards in respect of ordinary shares
Number of awards                                 9109,907
Price per share*                                 R68.24
Vesting date                                     50% on 1 March 2024 and 50% on 1 March 2025
Nature of transaction                            Off-market award and acceptance of share awards
Nature and extent of interest                    Direct beneficial
Clearance obtained                               Yes

*The price per share is the average VWAP price of the Liberty Holdings ordinary share for 4th to 10th
of March 2021.
# After brokerage and fees



7 April 2021
Sponsor
Merrill Lynch South Africa (Pty) Limited

Date: 08-04-2021 07:05:59
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