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Acceptance of Options Granted and Exercise of Options by Directors in Terms of the Deneb Investments Share Schemes
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 AND EXERCISE OF OPTIONS BY DIRECTORS
IN TERMS OF THE DENEB INVESTMENTS SHARE SCHEMES
ACCEPTANCE OF OPTIONS GRANTED
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed in respect of options accepted in terms of the Deneb
Investments Employee Share Scheme (2023):
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 27 June 2024
OPTION STRIKE PRICE (CENTS) 205
NUMBER OF OPTIONS ALLOCATED 2,040,781
TOTAL RAND VALUE OF OPTIONS R4,183,601
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 27 June 2026
30% from 27 June 2027
40% from 27 June 2028
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 27 June 2024
OPTION STRIKE PRICE (CENTS) 205
NUMBER OF OPTIONS ALLOCATED 945,303
TOTAL RAND VALUE OF OPTIONS R1,937,871
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 27 June 2026
30% from 27 June 2027
40% from 27 June 2028
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
3.
NAME OF DIRECTOR D Levin
COMPANY OF WHICH I AM A DIRECTOR Sargas (Pty) Ltd (a major subsidiary of the
Company)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE OF SECURITIES Options to subscribe for ordinary shares
CLASS OF SECURITIES Ordinary
DATE OF SHARE OPTION ACCEPTANCE 27 June 2024
OPTION STRIKE PRICE (CENTS) 205
NUMBER OF OPTIONS ALLOCATED 131,986
TOTAL RAND VALUE OF OPTIONS R270,571
VESTING DATES OF OPTIONS The options will vest in 3 tranches, on the
following dates:
30% from 27 June 2026
30% from 27 June 2027
40% from 27 June 2028
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
EXERCISE OF OPTIONS
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the exercise of options and the related after tax net-equity settlement
thereof in terms of the Deneb Investments Long Term Incentive Plan and the Deneb
Investments Employee Share Scheme (2017) is disclosed:
1.
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH A DIRECTOR Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION (1) Exercise of options in terms of the
Deneb Investments Long Term
Incentive Plan and related after tax
net-equity settlement by way of the
award of 718,089 ordinary shares to
the director (off-market transaction)
(2) Exercise of options in terms of the
Deneb Investments Employee Share
Scheme (2017) and related after tax
net-equity settlement by way of the
award of 480,733 ordinary shares to
the director (off-market transaction)
DATE OF EXERCISE OF OPTIONS 27 June 2024
VESTING DATE OF OPTIONS EXERCISED (1)
10% vested on 30 June 2017
20% vested on 30 June 2018
30% vested on 30 June 2019
40% vested on 30 June 2020
(2)
10% vested on 4 July 2020
20% vested on 4 July 2021
30% vested on 4 July 2022
40% vested on 4 July 2023
PERIOD OF EXERCISE (1) Participants must exercise options
within 8 years from the grant date
(2) Participants must exercise options
within 5 years from the grant date
OPTION STRIKE PRICE (1) 101 cents
(2) 141 cents
NUMBER OF OPTIONS EXERCISED (1) 2,343,944
(2) 2,290,642
TOTAL RAND VALUE OF AFTER TAX NET- (1) R1,651,604
EQUITY SETTLED SECURITIES (2) R1,105,685
(based on the 26 June 2024 closing share
price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTIONS
2.
NAME OF DIRECTOR G D T Wege
COMPANY OF WHICH A DIRECTOR Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION (1) Exercise of options in terms of the
Deneb Investments Long Term
Incentive Plan and related after tax net-
equity settlement by way of the award
of 226,243 ordinary shares to the
director (off-market transaction)
(2) Exercise of options in terms of the
Deneb Investments Long Term
Incentive Plan and related after tax net-
equity settlement by way of the award
of 214,168 ordinary shares to the
director (off-market transaction)
(3) Exercise of options in terms of the
Deneb Investments Employee Share
Scheme (2017) and related after tax
net-equity settlement by way of the
award of 228,413 ordinary shares to
the director (off-market transaction)
DATE OF EXERCISE OF OPTIONS 27 June 2024
VESTING DATE OF OPTIONS EXERCISED (1)
10% vested on 30 June 2017
20% vested on 30 June 2018
30% vested on 30 June 2019
40% vested on 30 June 2020
(2)
10% vested on 26 June 2018
20% vested on 26 June 2019
30% vested on 26 June 2020
40% vested on 26 June 2021
(3)
10% vested on 4 July 2020
20% vested on 4 July 2021
30% vested on 4 July 2022
40% vested on 4 July 2023
PERIOD OF EXERCISE (1), (2) Participants must exercise options
within 8 years from the grant date;
(3) Participants must exercise options
within 5 years from the grant date
OPTION STRIKE PRICE (1) 101 cents
(2) 0,96 cents
(3) 141 cents
NUMBER OF OPTIONS EXERCISED (1) 738,491
(2) 672,598
(3) 1,088,366
TOTAL RAND VALUE OF AFTER TAX NET- (1) R520,358
EQUITY SETTLED SECURITIES
(2) R492,586
(3) R525,349
(based on the 26 June 2024 closing share
price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTIONS
3.
NAME OF DIRECTOR D Levin
COMPANY OF WHICH A DIRECTOR Sargas (Pty) Ltd (a major subsidiary of the
Company)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Exercise of options in terms of the Deneb
Investments Employee Share Scheme
(2017) and related after tax net-equity
settlement by way of the award of 19,340
ordinary shares to the director (off-market
transaction)
DATE OF EXERCISE OF OPTIONS 27 June 2024
VESTING DATE OF OPTIONS EXERCISED 10% vested on 4 July 2020
20% vested on 4 July 2021
30% vested on 4 July 2022
40% vested on 4 July 2023
PERIOD OF EXERCISE Participants must exercise options within
5 years from the grant date
OPTION STRIKE PRICE 141 cents
NUMBER OF OPTIONS EXERCISED 92,155
TOTAL RAND VALUE OF AFTER TAX NET- R44,482
EQUITY SETTLED SECURITIES
(based on the 26 June 2024 closing share
price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTIONS
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Cape Town
28 June 2024
Sponsor
PSG Capital
Date: 28-06-2024 03:55:00
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