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Settlement of Awards under KAL Group’s Long-Term Incentive Plan
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL Group")
SETTLEMENT OF AWARDS UNDER KAL GROUP'S LONG-TERM INCENTIVE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting, automatic exercise and after-tax net-equity
settlement of awards in terms of the KAL Group Long-term Incentive Plan ("LTIP"), is disclosed:
1.
NAME OF DIRECTOR S Walsh
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Nil-cost options ("NCOs") in relation to
ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)
SETTLEMENT DATE 26 May 2025
NUMBER OF NCOs VESTED 14 923
TOTAL VALUE OF NCOs VESTED R589 800.32, based on a deemed value
of R39.52 per NCO
NUMBER OF ORDINARY SHARES 8 207
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR GW Sim
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)
SETTLEMENT DATE 26 May 2025
NUMBER OF NCOs VESTED 7 803
TOTAL VALUE OF NCOs VESTED R308 408.46, based on a deemed value
of R39.52 per NCO
NUMBER OF ORDINARY SHARES 4 291
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR DC Gempies
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)
SETTLEMENT DATE 26 May 2025
NUMBER OF NCOs VESTED 4 876
TOTAL VALUE OF NCOs VESTED R192 702.23, based on a deemed value
of R39.52 per NCO
NUMBER OF ORDINARY SHARES 2 681
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF DIRECTOR H Smit
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)
SETTLEMENT DATE 26 May 2025
NUMBER OF NCOs VESTED 5 046
TOTAL VALUE OF NCOs VESTED R199 423.90, based on a deemed value
of R39.52 per NCO
NUMBER OF ORDINARY SHARES 2 775
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
5.
NAME OF DIRECTOR T Sulaiman-Bray
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)
SETTLEMENT DATE 26 May 2025
NUMBER OF NCOs VESTED 4 249
TOTAL VALUE OF NCOs VESTED R167 946.40, based on a deemed value
of R39.52 per NCO
NUMBER OF ORDINARY SHARES 2 337
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
6.
NAME OF DIRECTOR AC Abeln
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)
SETTLEMENT DATE 26 May 2025
NUMBER OF NCOs VESTED 6 236
TOTAL VALUE OF NCOs VESTED R246 458.25, based on a deemed value
of R39.52 per NCO
NUMBER OF ORDINARY SHARES 3 429
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
7.
NAME OF DIRECTOR LJ Abrams
COMPANY OF WHICH A DIRECTOR PEG Retail Holdings (Pty) Ltd
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP
(off-market transaction)
TRANSACTION DATE 24 May 2025
(VESTING AND EXERCISE)
SETTLEMENT DATE 26 May 2025
NUMBER OF NCOs VESTED 5 812
TOTAL VALUE OF NCOs VESTED R229 732.04, based on a deemed value
of R39.52 per NCO
NUMBER OF ORDINARY SHARES 3 196
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Paarl
26 May 2025
Sponsor
PSG Capital
Date: 26-05-2025 11:10:00
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