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RAUBEX GROUP LIMITED - Acceptance of LTI Performance Share Awards to Executive Directors, Prescribed Officers & Company Secretary

Release Date: 05/08/2024 15:51
Code(s): RBX     PDF:  
Wrap Text
Acceptance of LTI Performance Share Awards to Executive Directors, Prescribed Officers & Company Secretary

Raubex Group Limited
(Incorporated in the Republic of South Africa)
Registration number 2006/023666/06
Share Code: RBX
ISIN Code: ZAE000093183
("Raubex" or the "Group")

ACCEPTANCE OF LONG-TERM INCENTIVE PERFORMANCE SHARE AWARDS TO EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS 
& COMPANY SECRETARY

In compliance with par 3.63 to 3.65 of the JSE Limited Listings Requirements, the following
information is disclosed in relation to the acceptance of performance share awards under the
Raubex Group Limited Long-Term Incentive Scheme ("the Scheme").

Executive director           :   NF Msiza
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   368 130
Award price                  :   R38.03
Total value of award         :   R13 999 983.90
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Executive director           :   DC Lourens
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   341 835
Award price                  :   R38.03
Total value of award         :   R12 999 985.05
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Executive director           :   SJ Odendaal
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   252 432
Award price                  :   R38.03
Total value of award         :   R9 599 988.96
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Prescribed officer           :   AFS Kriek
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   241 914
Award price                  :   R38.03
Total value of award         :   R9 199 989.42
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Prescribed officer           :   D Rencken
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   257 691
Award price                  :   R38.03
Total value of award         :   R9 799 988.73
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Prescribed officer           :   JG van der Bijl
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   262 950
Award price                  :   R38.03
Total value of award         :   R9 999 988.50
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Prescribed officer           :   WS Mazibuko
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   236 655
Award price                  :   R38.03
Total value of award         :   R8 999 989.65
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Company Secretary            :   GM Chemaly
Company                      :   Raubex Group Limited
Date of acceptance           :   5 August 2024
Nature of transaction        :   Off-market acceptance of long-term incentive
                                 conditional performance share awards which will
                                 vest in August 2027, subject to the achievement of
                                 agreed performance and employment conditions
Class of securities          :   Ordinary shares
Number of performance shares :   78 885
Award price                  :   R38.03
Total value of award         :   R2 999 996.55
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

The award price of the long-term incentive conditional performance share awards as detailed
above is based on the volume weighted average share price (VWAP) of the shares as traded
on the JSE Limited for the 20 (twenty) business day period ending on the last business day of
the month preceding the month in which the decision to award the performance shares is
determined, namely 30 June 2024, as determined by the Scheme rules.

Centurion
5 August 2024

Sponsor
Investec Bank Limited

Date: 05-08-2024 03:51:00
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