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PURPLE GROUP LIMITED - Directors Dealing In Securities

Release Date: 09/05/2022 17:20
Code(s): PPE     PDF:  
Wrap Text
Director’s Dealing In Securities

Purple Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000185526
(“the Company”)

DIRECTOR’S DEALING IN SECURITIES

In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the
JSE Limited ("Listings Requirements"), the following information is disclosed:

Name of director:            Charles Savage
Date of transaction:         6 May 2022
Nature of transaction:       Exercise of share options in terms of the Share
                             Incentive Scheme approved on 27 February 2012, and
                             subsequent allocation of shares
Number of securities:        10,000,000 shares
Class of securities:         Ordinary shares
Strike price of options:     75.35 cents per share
Total Value:                 R7,535,000.00
Period of vesting:           4 years
Grant date:                  10 December 2015
Vested date:                 10 December 2019
Nature of interest:          Direct beneficial

Clearance was given for the above-mentioned transaction in terms of paragraph
3.66 of the Listings Requirements and was an off-market allocation.

The vesting conditions of the options were:
Up to 25% on or after the first anniversary date of acceptance of options;
Up to 50% on or after the second anniversary of the acceptance date;
Up to 75% on or after the third anniversary date; and
Up to 100% on or after the fourth anniversary date.
The contractual life of the options is seven years from the date of grant.
The options exercised vested 100% on 10 December 2019.

Johannesburg
9 May 2022
Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 09-05-2022 05:20:00
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