GRANT AND ACCEPTANCE OF OPTIONS TO DIRECTORS AND OFFICERS
- September 11, 2018
- Posted by: Cheryl
- Category: SENS Announcements
No Comments
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 : Mr J A Copelyn Designation : Chief Executive Officer Nature of transaction : Grant and acceptance of option, Off market Nature of Interest : Direct, Beneficial Class of Shares : Ordinary shares Date of grant of option : 28 August 2018 Date of acceptance : 10 September 2018 Number of options : 250 224 Option strike price : R117.78 (10% discount to the 20 day VWAP) Value of transaction : R 29 471 383 Vesting date of options : 28 August 2021 Expiry date of options : 28 February 2022 Director : Mr T G Govender Designation : Financial Director Nature of transaction : Grant and acceptance of option, Off market Nature of Interest : Direct, Beneficial Class of Shares : Ordinary shares Date of grant of option : 28 August 2018 Date of acceptance : 10 September 2018 Number of options : 83 792 Option strike price : R117.78 (10% discount to the 20 day VWAP) Value of transaction : R 9 869 022 Vesting date of options : 28 August 2021 Expiry date of options : 28 February 2022 Director : Mr Y Shaik Designation : Executive Director Nature of transaction : Grant and acceptance of option, Off market Nature of Interest : Direct, Beneficial Class of Shares : Ordinary shares Date of grant of option : 28 August 2018 Date of acceptance : 10 September 2018 Number of options : 110 318 Option strike price : R117.78 (10% discount to the 20 day VWAP) Value of transaction : R 12 993 254 Vesting date of options : 28 August 2021 Expiry date of options : 28 February 2022 Clearance : Clearance in terms of par. 3.66 of the JSE Listings Requirements was obtained. Cape Town 11 September 2018 Sponsor: Investec Bank Limited