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ZEDER INVESTMENTS LIMITED - Acceptance Of Options By Directors In Terms Of The Zeder Group Share Incentive Trust

Release Date: 01/03/2019 16:10
Code(s): ZED     PDF:  
 
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Acceptance Of Options By Directors In Terms Of The Zeder Group Share Incentive Trust

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”)

ACCEPTANCE OF OPTIONS BY DIRECTORS 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 acceptance of options is disclosed:

1.
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                    Share options to acquire ordinary shares

DATE OF AWARD                                   28 February 2019

DATE OF ACCEPTANCE                              28 February 2019

OPTION STRIKE PRICE                             R4.36 (Zeder’s 30-day volume weighted
                                                average traded price at 28 February
                                                2019)

NUMBER OF OPTIONS ACCEPTED                      6,468,828

TOTAL RAND VALUE OF OPTIONS                     R28,204,090.08

VESTING DATE OF OPTIONS                         Vesting in tranches of 25% each on the
                                                2nd, 3rd, 4th and 5th anniversary of the
                                                award

NATURE OF TRANSACTION                           Acceptance of award of
                                                options to acquire ordinary shares in
                                                terms of a share incentive scheme

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

CLEARANCE OBTAINED                              Yes

2.
NAME OF DIRECTOR                                JH le Roux

COMPANY OF WHICH I AM A DIRECTOR                Zeder Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

TYPE AND CLASS OF SECURITIES                    Share options to acquire ordinary shares

DATE OF AWARD                                   28 February 2019

DATE OF ACCEPTANCE                              28 February 2019

OPTION STRIKE PRICE                             R4.36 (Zeder’s 30-day volume weighted
                                                average traded price at 28 February
                                                2019)

NUMBER OF OPTIONS ACCEPTED                      3,503,451

TOTAL RAND VALUE OF OPTIONS                     R15,275,046.36

VESTING DATE OF OPTIONS                         Vesting in tranches of 25% each on the
                                                2nd, 3rd, 4th and 5th anniversary of the
                                                award

NATURE OF TRANSACTION                           Acceptance of award of
                                                options to acquire ordinary shares in
                                                terms of a share incentive scheme

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

CLEARANCE OBTAINED                              Yes

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

Stellenbosch
1 March 2019

Sponsor
PSG Capital

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