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Settlement of awards under KAL Group's long-term incentive plan
KAL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
("KAL Group" or the "Company")
SETTLEMENT OF AWARDS UNDER KAL GROUP'S LONG-TERM INCENTIVE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting, automatic exercise and after-tax net-equity
settlement of awards in terms of the KAL Group Long-term Incentive Plan ("LTIP"), is disclosed:
1.
NAME OF DIRECTOR S Walsh
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Nil-cost options ("NCOs") in relation to
ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP (off-market
transaction)
TRANSACTION DATE 20 January 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 57 014
TOTAL VALUE OF NCOs VESTED R2 884 574.43, based on a deemed value
of R50.59 per NCO
NUMBER OF ORDINARY SHARES 31 357
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR GW Sim
COMPANY OF WHICH A DIRECTOR KAL Group
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP (off-market
transaction)
TRANSACTION DATE 20 January 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 23 680
TOTAL VALUE OF NCOs VESTED R1 198 069.29, based on a deemed value
of R50.59 per NCO
NUMBER OF ORDINARY SHARES 13 024
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF DIRECTOR DC Gempies
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP (off-market
transaction)
TRANSACTION DATE 20 January 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 13 274
TOTAL VALUE OF NCOs VESTED R671 586.65, based on a deemed value
of R50.59 per NCO
NUMBER OF ORDINARY SHARES 7 300
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF DIRECTOR H Smit
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP (off-market
transaction)
TRANSACTION DATE 20 January 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 12 289
TOTAL VALUE OF NCOs VESTED R621 751.42, based on a deemed value
of R50.59 per NCO
NUMBER OF ORDINARY SHARES 6 758
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
5.
NAME OF DIRECTOR T Sulaiman-Bray
COMPANY OF WHICH A DIRECTOR Agrimark Operations Limited
(a major subsidiary of KAL Group)
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES NCOs in relation to ordinary shares
NATURE OF TRANSACTION Vesting, automatic exercise and after-tax
net-equity settlement of NCOs, resulting
in the delivery of ordinary shares to a
participant under the LTIP (off-market
transaction)
TRANSACTION DATE 20 January 2025
(VESTING, EXERCISE AND SETTLEMENT)
NUMBER OF NCOs VESTED 10 254
TOTAL VALUE OF NCOs VESTED R518 792.34, based on a deemed value
of R50.59 per NCO
NUMBER OF ORDINARY SHARES 5 639
RECEIVED (POST-TAX NET EQUITY
SETTLEMENT)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Paarl
20 January 2025
Sponsor
PSG Capital
Date: 20-01-2025 05:00:00
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