Deneb Investments : Acceptance Of Options Granted In Terms Of The Deneb Investments Employee Share Scheme
June 30, 2022 at 03:23 pm
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DENEB INVESTMENTS LIMITED Registration number: 2013/091290/06 (Incorporated in the Republic of South Africa) JSE share code: DNB
ISIN: ZAE000197398
("Deneb" or the "Company")
ACCEPTANCE OF OPTIONS GRANTED IN TERMS OF THE DENEB INVESTMENTS EMPLOYEE SHARE SCHEME
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information is disclosed:
1.
NAME OF DIRECTOR
S A Queen
COMPANY OF WHICH I AM A DIRECTOR
Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE
Executive
TYPE OF SECURITIES
Options to subscribe for ordinary shares
CLASS OF SECURITIES
Ordinary
DATE OF SHARE OPTION ACCEPTANCE
29 June 2022
OPTION STRIKE PRICE (CENTS)
211
NUMBER OF OPTIONS ALLOCATED
2,116,260
TOTAL RAND VALUE OF OPTIONS
R4,465,308.60
VESTING DATES OF OPTIONS
The options will vest in 4 tranches, on the
following dates:
10% from 29 June 2023
20% from 29 June 2024
30% from 29 June 2025
40% from 29 June 2026
PERIOD OF EXERCISE
5 years from grant of options
NATURE AND EXTENT OF INTEREST IN
Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION
Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED
Yes
2.
NAME OF DIRECTOR
G D T Wege
COMPANY OF WHICH I AM A DIRECTOR
Deneb
STATUS: EXECUTIVE/NON-EXECUTIVE
Executive
TYPE OF SECURITIES
Options to subscribe for ordinary shares
CLASS OF SECURITIES
Ordinary
DATE OF SHARE OPTION ACCEPTANCE
29 June 2022
OPTION STRIKE PRICE (CENTS)
211
NUMBER OF OPTIONS ALLOCATED
966,126
TOTAL RAND VALUE OF OPTIONS
R2,038,525.86
VESTING DATES OF OPTIONS
The options will vest in 4 tranches, on the
following dates:
10% from 29 June 2023
20% from 29 June 2024
30% from 29 June 2025
40% from 29 June 2026
PERIOD OF EXERCISE
5 years from grant of options
NATURE AND EXTENT OF INTEREST IN
Direct, beneficial
TRANSACTION
NATURE OF TRANSACTION
Acceptance of options to subscribe for
ordinary shares in terms of a share
incentive scheme (off-market transaction)
CLEARANCE OBTAINED
Yes
Cape Town
30 June 2022
Sponsor
PSG Capital
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Deneb Investments Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 14:22:07 UTC.
Deneb Investments Limited is an investment company specializing in acquiring stakes in companies operating in the sectors of real estate, manufacturing, branded product distribution and textile products manufacturing.