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NAMPAK LIMITED - Nampak Limited Performance Share Plan 2009 and Dealings in Securities

Release Date: 21/12/2017 13:00
Code(s): NPK     PDF:  
Wrap Text
Nampak Limited Performance Share Plan 2009 and Dealings in Securities

Nampak Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1968/008070/06
Share Code: NPK
ISIN: ZAE000071676
(“Nampak” or “the Company”)

NAMPAK LIMITED PERFORMANCE SHARE PLAN 2009 AND DEALINGS IN SECURITIES

Award of shares in terms of the Nampak Limited Performance Share Plan
2009 (“PSP”) to, and acceptance by the directors and the Company
Secretary of Nampak and the directors of its major subsidiaries.

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements
of the JSE Limited, the following information is disclosed relating to
the following conditional performance share awards in terms of the rules
of the PSP:

Name of director                    :    AM de Ruyter
Name of company                     :    Nampak Limited
Nature of transaction               :    Annual PSP awards
Award date                          :    11 December 2017
Notice of award to director         :    19 December 2017
Number of securities                :    752000
Class of securities                 :    Nampak ordinary shares
Deemed Price (VWAP)*                :    R14.87
Total deemed value of transaction   :    R11 182 240
Performance criteria                :    Achievement of agreed targets
                                         over three years
Nature and extent of
director’s interest                 :    Direct, beneficial
Prior clearance to deal             :    Obtained

Name of director                    :    GR Fullerton
Name of company                     :    Nampak Limited
Nature of transaction               :    Annual PSP awards
Award date                          :    11 December 2017
Notice of award to director         :    19 December 2017
Number of securities                :    441000
Class of securities                 :    Nampak ordinary shares
Deemed Price (VWAP)*                :    R14.87
Total deemed value of transaction   :    R6 557 670
Performance criteria                :    Achievement of agreed targets
                                         over three years
Nature and extent of
director’s interest                 :    Direct, beneficial
Prior clearance to deal             :   Obtained

Name of director                    :   MMF Seleoane
Name of company                     :   Nampak Limited
Nature of transaction               :   Annual PSP awards
Award date                          :   11 December 2017
Notice of award to director         :   19 December 2017
Number of securities                :   260000
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R14.87
Total deemed value of transaction   :   R3 866 200
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained

Name of director                    :   EE Smuts
Name of company                     :   Nampak Products Limited
Nature of transaction               :   Annual PSP awards
Award date                          :   11 December 2017
Notice of award to director         :   19 December 2017
Number of securities                :   283000
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R14.87
Total deemed value of transaction   :   R4 208 201
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained

Name of director                    :   RG Morris
Name of company                     :   Nampak Products Limited
Nature of transaction               :   Annual PSP awards
Award date                          :   11 December 2017
Notice of award to director         :   19 December 2017
Number of securities                :   269000
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R14.87
Total deemed value of transaction   :   R4 000 030
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained

Name of director                    :   M Khutama
Name of company                     :   Nampak Products Limited
Nature of transaction               :   Annual PSP awards
Award date                          :   11 December 2017
Notice of award to director         :   19 December 2017
Number of securities                :   210000
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R14.87
Total deemed value of transaction   :   R3 122 700
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained

Name of director                    :   C Burmeister
Name of company                     :   Nampak Products Limited
Nature of transaction               :   Annual PSP awards
Award date                          :   11 December 2017
Notice of award to director         :   19 December 2017
Number of securities                :   220000
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R14.87
Total deemed value of transaction   :   R3 271 400
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained

Name of company secretary           :   IH van Lochem
Name of company                     :   Nampak Limited
Nature of transaction               :   Annual PSP awards
Award date                          :   11 December 2017
Notice of award to director         :   19 December 2017
Number of securities                :   184000
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R14.87
Total deemed value of transaction   :   R2 736 080
Performance criteria                :   Achievement of agreed targets
                                        over three years
Nature and extent of
director’s interest                 :   Direct, beneficial
Prior clearance to deal             :   Obtained

Name of director                    :   AH Howie
Name of company                     :   Nampak International Limited
Nature of transaction               :   Annual PSP awards
Award date                          :   11 December 2017
Notice of award to director         :   19 December 2017
Number of securities                :   49290
Class of securities                 :   Nampak ordinary shares
Deemed Price (VWAP)*                :   R14.87
Total deemed value of transaction   :   R732 942.30
Performance criteria                :   Achievement of agreed targets
                                        over three years

The Remuneration Committee approved the share awards made. In terms of
the rules of the PSP, employees have to accept such award by no later
than 30 days after the date of delivery of the award letter. An award
which is not accepted by an employee shall automatically be deemed to
have been refused and cancelled.

*The deemed price per share indicated is the VWAP per share on the day
the award was made.

Dealings in securities by directors of a major subsidiary of Nampak in
terms of Nampak’s Performance Share Plan 2009 (“PSP”).

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements
of the JSE Limited, the following information is disclosed relating to
dealings in securities of Nampak by a director of a major subsidiary of
Nampak. In terms of the PSP, the person below has sold shares previously
awarded and accepted and which have vested in terms of the rules of the
PSP. The awards are subject to the rules of the Plan. The Remuneration
Committee of the Board approved the awards as well as the vesting of the
awards:

Name of director                   :    EE Smuts
Name of company                    :    Nampak Products Limited
Class of securities                :    Nampak ordinary shares
Nature of transaction              :    Sale of shares that have vested
                                        in terms of the PSP on market
Vesting date                       :    4 December 2017
Transaction date                   :    19 December 2017
Number of securities               :    4513
Selling price                      :    R15.30
Total value of transaction         :    R69 048.90
Nature and extent of director’s
interest                           :    Direct, beneficial
Prior clearance to deal            :    Obtained


Bryanston
21 December 2017
Sponsor: UBS South Africa (Pty) Ltd

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