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GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS

In compliance with Rules 3.63 – 3.74 of the JSE Limited Listing Requirements the following information regarding the granting and acceptance of options in terms of the HCI Employee Share Scheme is disclosed:

 

Director

Designation

Nature of transaction

 

Nature of Interest

Class of Shares

Date of grant of option

Date of acceptance

Number of options

Option strike price

Value of transaction

Vesting date of options

 

 

Expiry date of options

 

 

Clearance

 

:    Mr Y Shaik

:    Executive Director

:    Off market grant and acceptance of option

:    Direct, Beneficial

:    Ordinary shares

:    19 March 2014

:    19 March 2014

:    119 086

:    R125.02 (10% discount to the 20 day  VWAP)

:    R14 888 131.72

:    39 696 options on 19 March 2017

39 695 options on 19 March 2018

39 695 options on 19 March 2019

:    39 696 options on 19 June 2017

39 695 options on 19 June 2018

39 695 options on 19 June 2019

:    Clearance in terms of par. 3.66 of   the JSE Listings Requirements was obtained