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CA SALES HOLDINGS LIMITED - Exercise Of Options By Directors And Directors Of A Major Subsidiary Of The Company

Release Date: 15/05/2023 16:00
Code(s): CAA     PDF:  
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Exercise Of Options By Directors And Directors Of A Major Subsidiary Of The Company

CA SALES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2011/143100/06
Registered as an external company in the Republic of Botswana
Botswana registration number: BW00001085331
JSE Limited (“JSE”) share code: CAA
Botswana Stock Exchange (“BSE”) share code: CAS-EQO
ISIN: ZAE400000036
(“CA&S” or the “Company”)

EXERCISE OF OPTIONS BY DIRECTORS AND DIRECTORS OF A MAJOR SUBSIDIARY
OF THE COMPANY IN TERMS OF THE CA SALES HOLDINGS SHARE INCENTIVE
TRUST

In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements and paragraphs
5.23 and 5.24 of the BSE Listings Requirements, respectively, the following information
regarding the exercise of options is disclosed:

1.
NAME OF DIRECTOR                               Duncan Lewis

COMPANY OF WHICH A DIRECTOR                    CA Sales Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

TYPE AND CLASS OF SECURITIES                   Options to acquire ordinary shares

NATURE OF TRANSACTIONS                         Exercise of options by the director at the
                                               last traded share price of R7.34 on
                                               12 May 2023, and related after-tax net-
                                               equity settlement
                                               (Off-market transactions)

VESTING DATES                                  13 April 2023               (1)
                                               14 March 2023               (2)
                                               12 March 2023               (3)
                                               13 March 2023               (4)

STRIKE PRICES (RAND)*                          R4.53                       (1)
                                               R5.11                       (2)
                                               R5.12                       (3)
                                               R5.07                       (4)

EXERCISE DATE                                  12 May 2023

NUMBER OF OPTIONS EXERCISED                    342,900                     (1)
                                               15,930                      (2)
                                               431,775                     (3)
                                               284,625                     (4)

NUMBER OF SHARES TO BE RECEIVED                72,200                      (1)
                                               2,661                       (2)
                                               71,825                      (3)
                                               48,413                      (4)

PERIOD OF EXERCISE                             Participants have a 180-day period from
                                               the vesting date during which options can
                                               be exercised.

NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
THE TRANSACTIONS

2.
NAME OF DIRECTOR                               Frans Reichert

COMPANY OF WHICH A DIRECTOR                    CA Sales Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

TYPE AND CLASS OF SECURITIES                   Options to acquire ordinary shares

NATURE OF TRANSACTIONS                         Exercise of options by the director at the
                                               last traded share price of R7.34 on
                                               12 May 2023, through a combination of
                                               cash (1) and related after-tax net-equity
                                               settlement (2 – 4)
                                               (Off-market transactions)

VESTING DATES                                  13 April 2023               (1)
                                               14 March 2023               (2)
                                               12 March 2023               (3)
                                               13 March 2023               (4)

STRIKE PRICES (RAND)*                          R4.53                       (1)
                                               R5.11                       (2)
                                               R5.12                       (3)
                                               R5.07                       (4)

EXERCISE DATE                                  12 May 2023

NUMBER OF OPTIONS EXERCISED                    87,500                      (1)
                                               119,439                     (2)
                                               132,800                     (3)
                                               61,225                      (4)

NUMBER OF SHARES TO BE RECEIVED                87,500                      (1)
                                               19,958                      (2)
                                               22,091                      (3)
                                               10,414                      (4)

PERIOD OF EXERCISE                             Participants have a 180-day period from
                                               the vesting date during which options can
                                               be exercised.

NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
THE TRANSACTIONS

3.
NAME OF DIRECTOR                               Claude' Hassett

COMPANY OF WHICH A DIRECTOR                    CA Sales and Distribution (Pty) Ltd
                                               (a major subsidiary of the Company)

STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

TYPE AND CLASS OF SECURITIES                   Options to acquire ordinary shares

NATURE OF TRANSACTIONS                         Exercise of options by the director at the
                                               last traded share price of R7.34 on
                                               12 May 2023, and related after-tax net-
                                               equity settlement
                                               (Off-market transactions)

VESTING DATES                                  13 April 2023               (1)
                                               14 March 2023               (2)
                                               12 March 2023               (3)
                                               13 March 2023               (4)

STRIKE PRICES (RAND)*                          R4.53                       (1)
                                               R5.11                       (2)
                                               R5.12                       (3)
                                               R5.07                       (4)

EXERCISE DATE                                  12 May 2023

NUMBER OF OPTIONS EXERCISED                    520,900                     (1)
                                               51,655                      (2)
                                               157,700                     (3)
                                               160,050                     (4)

NUMBER OF SHARES TO BE RECEIVED                149,563                     (1)
                                               11,770                      (2)
                                               35,772                      (3)
                                               37,123                      (4)

PERIOD OF EXERCISE                             Participants have a 180-day period from
                                               the vesting date during which options can
                                               be exercised.

NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
THE TRANSACTIONS

4.
NAME OF DIRECTOR                               Kaushik Shah

COMPANY OF WHICH A DIRECTOR                    CA Sales and Distribution (Pty) Ltd
                                               (a major subsidiary of the Company)

STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

TYPE AND CLASS OF SECURITIES                   Options to acquire ordinary shares
NATURE OF TRANSACTIONS                         Exercise of options by the director at the
                                               last traded share price of R7.34 on
                                               12 May 2023, through a combination of
                                               cash (2 - 3) and related after-tax net-equity
                                               settlement (1, 4)
                                               (Off-market transactions)

VESTING DATES                                   13 April 2023                 (1)
                                                14 March 2023                 (2)
                                                12 March 2023                 (3)
                                                13 March 2023                 (4)

STRIKE PRICES (RAND)*                           R4.53                         (1)
                                                R5.11                         (2)
                                                R5.12                         (3)
                                                R5.07                         (4)

EXERCISE DATE                                   12 May 2023

NUMBER OF OPTIONS EXERCISED                     230,400                       (1)
                                                22,850                        (2)
                                                69,750                        (3)
                                                70,800                        (4)

NUMBER OF SHARES TO BE RECEIVED                 66,153                        (1)
                                                22,850                        (2)
                                                69,750                        (3)
                                                16,421                        (4)

PERIOD OF EXERCISE                              Participants have a 180-day period from
                                                the vesting date during which options can
                                                be exercised.

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTIONS

*     At the grant date, the strike prices were reflected in Botswana Pula. The strike prices are
      reflected here in South African Rand, based on the exchange rate at each grant date.

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings
Requirements.

Centurion
15 May 2023

JSE Sponsor                                    BSE Sponsoring Broker
PSG Capital                                    Imara Capital Securities

Date: 15-05-2023 04:00:00
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