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KAP INDUSTRIAL HOLDINGS LIMITED - Grant And Acceptance Of Share Rights

Release Date: 03/12/2021 11:00
Code(s): KAP     PDF:  
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Grant And Acceptance Of Share Rights

KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)

GRANT AND ACCEPTANCE OF SHARE RIGHTS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, and in terms of
the KAP Performance Share Rights Scheme (“KAP SRS”), shareholders are advised that off-market
grant of rights over ordinary shares of no-par value in KAP ("KAP Shares") have been made to certain
executive directors of KAP and of its major subsidiaries, and which rights have been accepted.

The following information is disclosed in respect of the 2021 grant and acceptance:

 NAME OF DIRECTOR                                GN Chaplin                                 (1)
                                                 FH Olivier                                 (2)
                                                 SP Lunga                                   (3)
                                                 G Victor                                   (4)
                                                 W Killian                                  (5)
                                                 JN van Niekerk                             (6)
                                                 WC Els                                     (7)

 COMPANY OF WHICH A DIRECTOR                     Director of KAP Industrial Holdings Ltd    (1-3)
                                                 Director of PG Bison (Pty) Ltd*            (4-5)
                                                 Director of Safripol (Pty) Ltd*            (6-7)
                                                 * – a major subsidiary of the Company

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive                                  (1-7)

 TYPE AND CLASS OF SECURITIES                    Rights to ordinary shares                  (1-7)

 NATURE OF TRANSACTION                           Acceptance of rights granted to ordinary   (1-7)
                                                 shares in terms of the KAP SRS
                                                 (off-market transaction)

 DATE OF AWARD OF RIGHTS                         1 December 2021                            (1-7)

 DATE OF ACCEPTANCE OF RIGHTS                    1 December 2021                            (1, 2, 4)
                                                 2 December 2021                            (3, 5-7)

 VALUE OF A RIGHT                                R0.20                                      (1-7)

 NUMBER OF RIGHTS GRANTED AND                    3 914 419                                  (1)
 ACCEPTED                                        2 472 665                                  (2)
                                                 1 211 845                                  (3)
                                                 1 333 030                                  (4)
                                                 402 916                                    (5)
                                                 1 333 030                                  (6)
                                                 454 501                                    (7)
 
 VALUE OF RIGHTS GRANTED AND                     R782 883.80                                (1)
 ACCEPTED                                        R494 533.00                                (2)
                                                 R242 369.00                                (3)
                                                 R266 606.00                                (4)
                                                 R80 583.20                                 (5)
                                                 R266 606.00                                (6)
                                                 R90 900.20                                 (7)

 VESTING DATE OF RIGHTS                          The rights will vest on the third anniversary (1-7)
                                                 of the award date, subject to the
                                                 achievement of relevant performance
                                                 criteria

 NATURE AND EXTENT OF INTEREST                   Direct, beneficial                             (1-7)
 IN THE TRANSACTION


The grant and acceptance of the rights have taken place in terms of the rules of the KAP SRS and
accordingly, no clearance as contemplated in paragraph 3.66 of the JSE Limited Listings Requirements,
is required.

By order of the Board
KAP Secretarial Services Proprietary Limited

Stellenbosch
3 December 2021

Sponsor
PSG Capital

Date: 03-12-2021 11:00:00
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