To view the PDF file, sign up for a MySharenet subscription.

ADVTECH LIMITED - Exercise of options in terms of ADvTECH Limited Share Incentive Scheme and directors dealing

Release Date: 02/12/2021 14:05
Code(s): ADH     PDF:  
Wrap Text
Exercise of options in terms of ADvTECH Limited Share Incentive Scheme and director’s dealing

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH           ISIN: ZAE000031035
(“ADvTECH” or “the Company”)


EXERCISE OF OPTIONS IN TERMS OF ADvTECH LIMITED SHARE INCENTIVE SCHEME AND
DIRECTOR’S DEALING


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
transactions relating to directors and prescribed officers of the Company are hereby disclosed, in
terms of the provisions of the ADvTECH Limited Share Incentive Scheme.


Name of Director:                                RJ Douglas

Designation:                                     Chief Executive Officer

Nature of transaction:                           Exercise of options which have vested in terms
                                                 of the ADvTECH Limited Share Incentive
                                                 Scheme (on market)
Number of securities:                            50 000 (which will expire on 17 December 2021)

Date of Award:                                   19 November 2015

Class of securities:                             Ordinary

Option price per share:                          R12.60

Volume weighted average price per share for      R16.59
the day:
Highest price on the date of the transaction:    R17.21

Lowest price on the date of the transaction:     R15.76

Total value of transaction:                      R630 000.00

Date of transaction:                             30 November 2021

Nature of interest:                              Direct beneficial




Name of Officer:                                 FJ Coughlan
Designation:                                     Prescribed Officer

Nature of transaction:                           Exercise of options which have vested in terms
                                                 of the ADvTECH Limited Share Incentive
                                                 Scheme (on market)
Number of securities:                            72 000 (which will expire on 17 December 2021)
Date of Award                                   19 November 2015

Class of securities:                            Ordinary

Option price per share:                         R12.60

Volume weighted average price per share for     R18.57
the day:
Highest price on the date of the transaction:   R19.40

Lowest price on the date of the transaction:    R18.41

Total value of transaction:                     R 907 200.00

Date of transaction:                            19 November 2021

Nature of interest:                             Direct beneficial



Name of Officer:                                FJ Coughlan
Designation:                                    Prescribed Officer
Nature of transaction:                          On-market sale of shares

Number of securities:                           72 000

Price per share:                                R18.60

Class of securities:                            Ordinary

Total value of transaction:                     R1 339 200.00

Date of transaction:                            19 November 2021

Nature of interest:                             Direct beneficial



Name of Officer:                                DL Honey

Designation:                                    Prescribed Officer
Nature of transaction:                          Exercise of options which have vested in terms
                                                of the ADvTECH Limited Share Incentive
                                                Scheme (on market)
Number of securities:                           80 000 (which will expire on 17 December 2021)

Date of Options received:                       19 November 2015

Class of securities:                            Ordinary

Option price per share:                         R12.60

Volume weighted average price per share for     R18.57
the day:
Highest price on the date of the transaction:   R18.87
Lowest price on the date of the transaction:       R18.35

Total value of transaction:                        R1 008 000.00

Date of transaction:                               24 November 2021

Nature of interest:                                Direct beneficial


In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has been
obtained for all the transactions set out above.

2 December 2021
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 02-12-2021 02:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story