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INVICTA HOLDINGS LIMITED - Acceptance of Awards

Release Date: 01/10/2024 17:26
Code(s): IVT     PDF:  
Wrap Text
Acceptance of Awards

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
JSE ordinary Share code: IVT ordinary Share ISIN ZAE000029773
A2X ordinary share code: IVTJ
A2X preference share code: IVTPJ
("Invicta" or the "Company")


ACCEPTANCE OF AWARDS


In terms of paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE, the following information is
disclosed in respect of the chief executive officer ("CEO") retention scheme, details of which have been
disclosed in the remuneration report forming part of the integrated annual report for the year ended 31
March 2024 ("CEO Retention Scheme"). In terms of the CEO Retention Scheme, the CEO may
purchase a minimum of 600,000 Invicta shares over a 6-year period, on the understanding that the
Company will match such purchase on a one-for-one basis up to a maximum of 600,000 Invicta shares
over the same 6-year period.

The matching shares acquired on the open market by the Company will be given to the CEO annually
on 1 April.

 Name:                                                   Steven Joffe
 Nature of transaction:                                  Acceptance of awards (off-market)
 Class of securities:                                    Ordinary shares
 Acceptance date:                                        1 July 2024
 Vesting date:                                           31 March 2025
 Deemed price:                                           R27.60
 Number of awards:                                       100,000
 Total deemed value of the transaction*:                 R2 760 000
 Extent of interest:                                     Direct beneficial
 Clearance to deal obtained:                             Yes

*Closing price of an Invicta ordinary share on 28 June 2024
** Number of shares that vest will be reduced to account for the deduction of tax


Johannesburg
1 October 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 01-10-2024 05:26:00
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