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TRANSACTION CAPITAL LIMITED - Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan

Release Date: 02/12/2021 07:05
Code(s): TCP     PDF:  
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Acceptance of Conditional Shares in terms of the Transaction Capital Conditional Share Plan

Transaction Capital Limited                       TransCapital Investments Limited
(Incorporated in the Republic of South Africa)    (Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06               Registration number: 2016/130129/06
JSE share code: TCP                               Bond company code: TCII
ISIN: ZAE000167391
("Transaction Capital" or "the group")


ACCEPTANCE OF CONDITIONAL SHARES IN TERMS OF THE TRANSACTION CAPITAL
CONDITIONAL SHARE PLAN

In compliance with the JSE Limited Listings Requirements (“Listings Requirements”), notification is hereby given
that the following directors of the Company and directors of its major subsidiaries have accepted a conditional right
to Transaction Capital shares issued in terms of the Transaction Capital Limited Conditional Share Plan (“CSP”).

CSP awards are subject to performance criteria and vest equally (i.e. 33.3% p.a.) in years 3, 4 and 5 post the
awarding of same, subject to continued employment. For selected employees, a portion of the CSP awards are
subject to additional super-performance criteria over the vesting periods. All CSP awards have a strike price of Rnil.

Clearances in terms of the Listings Requirements were obtained in each instance.

 Name of director                          David Hurwitz
 Name of company                           Transaction Capital Limited
 Date transaction was effected             30 November 2021
 Class of security                         CSP awards in respect of ordinary shares
 Number of shares to be delivered          133 780
 Deemed value per share                    R42.65
 Deemed total value of transaction         R5 705 700
 Nature of transaction                     Off market acceptance of allocation of CSP awards
 Nature of interest                        Direct beneficial

 Name of director                          Sean Doherty
 Name of company                           Transaction Capital Limited
 Date transaction was effected             30 November 2021
 Class of security                         CSP awards in respect of ordinary shares
 Number of shares to be delivered          95 663
 Deemed value per share                    R42.65
 Deemed total value of transaction         R4 080 000
 Nature of transaction                     Off market acceptance of allocation of CSP awards
 Nature of interest                        Direct beneficial

 Name of director                          Mark Herskovits
 Name of company                           Transaction Capital Limited
 Date transaction was effected             30 November 2021
 Class of security                         CSP awards in respect of ordinary shares
 Number of shares to be delivered          91 442
 Deemed value per share                    R42.65
 Deemed total value of transaction         R3 900 000
 Nature of transaction                     Off market acceptance of allocation of CSP awards
 Nature of interest                        Direct beneficial

 Name of director                          Lorenzo Cardoso
 Name of company                           SA Taxi Holdings (Pty) Ltd and SA Taxi Development
                                           Finance (Pty) Ltd
 Date transaction was effected             30 November 2021
 Class of security                         CSP awards in respect of ordinary shares
 Number of Transaction Capital Ltd shares  18 288
 to be delivered
 Deemed value per Transaction Capital Ltd  R42.65
 share
 Number of SA Taxi Holdings (Pty) Ltd      109 092
 shares to be delivered
 Deemed value per SA Taxi Holdings (Pty)   R14.30
 Ltd share
 Deemed total value of transaction         R2 340 000
 Nature of transaction                     Off market acceptance of allocation of CSP awards
 Nature of interest                        Direct beneficial



 Name of director                          Robert Amoils
 Name of company                           TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd
 Date transaction was effected             30 November 2021
 Class of security                         CSP awards in respect of ordinary shares
 Number of Transaction Capital Ltd shares  24 241
 to be delivered
 Deemed value per Transaction Capital Ltd  R42.65
 share
 Number of TCRS Holdings (Pty) Ltd shares  336 006
 to be delivered
 Deemed value per TCRS Holdings (Pty) Ltd  R8.00
 share
 Deemed total value of transaction         R3 721 927
 Nature of transaction                     Off market acceptance of allocation of CSP awards
 Nature of interest                        Direct beneficial


 Name of director                          Sahil Samjowan
 Name of company                           TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd
 Date transaction was effected             30 November 2021
 Class of security                         CSP awards in respect of ordinary shares
 Number of Transaction Capital Ltd shares  9 392
 to be delivered
 Deemed value per Transaction Capital Ltd  R42.65
 share
 Number of TCRS Holdings (Pty) Ltd shares  160 234
 to be delivered
 Deemed value per TCRS Holdings (Pty) Ltd  R8.00
 share
 Deemed total value of transaction         R1 682 441
 Nature of transaction                     Off market acceptance of allocation of CSP awards
 Nature of interest                        Direct beneficial
 
 Name of director                          Dineo Sekwele
 Name of company                           TCRS Holdings (Pty) Ltd and TCRS (Pty) Ltd
 Date transaction was effected             30 November 2021
 Class of security                         CSP awards in respect of ordinary shares
 Number of Transaction Capital Ltd shares  12 251
 to be delivered
 Deemed value per Transaction Capital Ltd  R42.65
 share
 Number of TCRS Holdings (Pty) Ltd shares  209 000
 to be delivered
 Deemed value per TCRS Holdings (Pty) Ltd   R8.00
 share
 Deemed total value of transaction          R2 194 505
 Nature of transaction                      Off market acceptance of allocation of CSP awards
 Nature of interest                         Direct beneficial


Hyde Park

2 December 2021

Enquiries:
Lisa Lill – Company Secretary
Telephone: +27 84 4006158

Sponsors:
Equity Sponsor: Investec Bank Limited
Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 02-12-2021 07:05:00
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