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Exercise and Related Settlement of Options in Terms of the KAP Performance Share Rights Scheme
KAP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
Company Alpha Code: KAP
LEI code: 3789001F51BC0045FD42
('KAP' or 'the Company')
EXERCISE AND RELATED SETTLEMENT OF OPTIONS IN TERMS OF THE KAP PERFORMANCE SHARE
RIGHTS SCHEME
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information
regarding the exercise of options by certain executive directors of KAP and of its major subsidiaries and the related
settlement thereof, in terms of the KAP Performance Share Rights Scheme, is disclosed.
Upon the exercise of the options referred to below, the Company and the beneficiaries elected to settle same on
an after-tax net-equity basis, through the issue of ordinary shares as detailed below:
NAME OF DIRECTOR GN Chaplin (1)
FH Olivier (2)
SP Lunga (3)
G Victor (4)
W Kilian (5)
JN van Niekerk (6)
WC Els (7)
JC van Zyl (8)
COMPANY OF WHICH A DIRECTOR KAP Ltd (1-3)
PG Bison (Pty) Ltd* (4-5)
Safripol (Pty) Ltd* (6-7)
Unitrans Holdings (Pty) Ltd* (8)
* Major subsidiary of the Company
STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1-8)
TYPE AND CLASS OF SECURITIES Ordinary shares (1-8)
NATURE OF TRANSACTION Exercise of options by the director and related
after-tax net-equity settlement by way of the
issue of ordinary shares to the director
(off-market transaction) (1-8)
VESTING DATE OF OPTIONS EXERCISED 1 December 2024 (1-8)
DATE OF EXERCISE OF OPTIONS 2 December 2024 (1-8)
OPTION STRIKE PRICE R0.20 (1-8)
NUMBER OF OPTIONS EXERCISED 978 605 (1)
618 167 (2)
302 962 (3)
833 144 (4)
251 823 (5)
1 333 030 (6)
454 501 (7)
101 111 (8)
NUMBER OF ORDINARY SHARES ISSUED 538 232 (1)
339 991 (2)
166 629 (3)
458 229 (4)
138 502 (5)
733 166 (6)
249 975 (7)
55 611 (8)
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial (1-8)
TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.
Stellenbosch
2 December 2024
Equity and Debt Sponsor
PSG Capital
Date: 02-12-2024 02:00:00
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