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ZEDER INVESTMENTS LIMITED - Net Cash Settlement On Exercise Of Share Options

Release Date: 02/11/2018 15:00
Code(s): ZED     PDF:  
 
Wrap Text
Net Cash Settlement On Exercise Of Share Options

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/019240/06
Share code: ZED
ISIN code: ZAE000088431
(“Zeder” or “the Company”)

NET CASH SETTLEMENT ON EXERCISE OF SHARE OPTIONS

NET CASH SETTLEMENT

Upon the exercise of the share options referred to below, the Company elected to settle same
on a net cash settlement basis. Accordingly, the below director will not receive Zeder shares
in respect of such options, but only cash.

EXERCISE OF OPTIONS BY A DIRECTOR IN TERMS OF THE ZEDER GROUP SHARE
INCENTIVE TRUST

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the exercise of options is disclosed:

 NAME OF DIRECTOR                                N Celliers

 COMPANY OF WHICH I AM A DIRECTOR                Zeder Investments Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Options in relation to ordinary shares

 OPTION STRIKE PRICE                             R3.33                                    (1)
                                                 R4.10                                    (2)

 NUMBER OF OPTIONS EXERCISED                     337,837                                  (1)
                                                 1,248,476                                (2)

 DATE OF EXERCISE OF OPTIONS                     31 October 2018                    (1) – (2)

 VESTING DATE OF OPTIONS EXERCISED               28 February 2018                   (1) – (2)

 PERIOD OF EXERCISE                              28 February 2018 –
                                                 31 October 2018                    (1) – (2)

 NATURE OF TRANSACTION                           Exercise of share options by a director on
                                                 the exercise date at the closing price of
                                                 R4.70 per share, with settlement occurring
                                                 on a net cash settled basis

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE Limited
Listing Requirements.

Stellenbosch
2 November 2018

Sponsor
PSG Capital

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