To view the PDF file, sign up for a MySharenet subscription.

FRONTIER TRANSPORT HOLDINGS LIMITED - Exercise of Options by Directors in terms of the Frontier Group Employee Option Scheme

Release Date: 01/04/2025 15:05
Code(s): FTH     PDF:  
Wrap Text
Exercise of Options by Directors in terms of the Frontier Group Employee Option Scheme

FRONTIER TRANSPORT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: FTH
ISIN: ZAE000300505
("Frontier")


EXERCISE OF OPTIONS BY DIRECTORS IN TERMS OF THE FRONTIER GROUP EMPLOYEE OPTION SCHEME ("SCHEME")

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                                FE Meyer
 COMPANY OF WHICH A DIRECTOR                     Frontier
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive
 TYPE AND CLASS OF SECURITIES                    Options to acquire ordinary shares
 NATURE OF TRANSACTION                           Exercise of award of options to acquire ordinary
                                                 shares in terms of the Scheme (off-market
                                                 transaction)
 DATE OF AWARD OF OPTIONS                        16 March 2020
 DATE OF EXERCISE OF OPTIONS                     31 March 2025
 OPTION STRIKE PRICE                             696 cents (10% discount to Frontier's 20-day
                                                 volume weighted average traded price prior to 18
                                                 March 2025)
 NUMBER OF OPTIONS EXERCISED                     60 098
 TOTAL RAND VALUE OF OPTIONS                     R418 282
 VESTING DATES OF OPTIONS                        Vesting in tranches of 33.33% each on the 3rd,
                                                 4th and 5th anniversary of the option award date.
 PERIOD OF EXERCISE                              The director has a period of six months from the
                                                 vesting date during which options can
                                                 be exercised.
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

 NAME OF DIRECTOR                                ML Wilkin
 COMPANY OF WHICH A DIRECTOR                     Frontier
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive
 TYPE AND CLASS OF SECURITIES                    Options to acquire ordinary shares
 NATURE OF TRANSACTION                           Exercise of award of options to acquire ordinary
                                                 shares in terms of the Scheme (off-market
                                                 transaction)
 DATE OF AWARD OF OPTIONS                        16 March 2020
 DATE OF EXERCISE OF OPTIONS                     31 March 2025
 OPTION STRIKE PRICE                             696 cents (10% discount to Frontier's 20-day
                                                 volume weighted average traded price prior to 18
                                                 March 2025)
 NUMBER OF OPTIONS EXERCISED                     37 659
 TOTAL RAND VALUE OF OPTIONS                     R262 107
 VESTING DATES OF OPTIONS                        Vesting in tranches of 33.33% each on the 3rd,
                                                 4th and 5th anniversary of the option award date.
 PERIOD OF EXERCISE                              The director has a period of six months from the
                                                 vesting date during which options can be
                                                 exercised.
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

Clearance to exercise the above share option awards was obtained in terms of paragraph 3.66 of the
JSE Limited Listings Requirements.

Cape Town
01 April 2025

Sponsor
Investec Bank Limited

Date: 01-04-2025 03:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.