Enhanced Investments - Financial Portal

Acceptance of Options Granted in Terms of the Deneb Investments Employee Share Scheme

Published: 2023-06-29 11:45:33 ET

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Company”)


ACCEPTANCE OF OPTIONS GRANTED IN TERMS OF THE DENEB INVESTMENTS
EMPLOYEE SHARE SCHEME


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:

1.
 NAME OF DIRECTOR                                S A Queen
 COMPANY OF WHICH I AM A DIRECTOR                Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive
 TYPE OF SECURITIES                              Options to subscribe for ordinary shares
 CLASS OF SECURITIES                             Ordinary
 DATE OF SHARE OPTION ACCEPTANCE                 28 June 2023
 OPTION STRIKE PRICE (CENTS)                     200
 NUMBER OF OPTIONS ALLOCATED                     2,168,364
 TOTAL RAND VALUE OF OPTIONS                     R4,336,728.00
 VESTING DATES OF OPTIONS                        The options will vest in 4 tranches, on the
                                                 following dates:
                                                 10% from 28 June 2024
                                                 20% from 28 June 2025
                                                 30% from 28 June 2026
                                                 40% from 28 June 2027
 PERIOD OF EXERCISE                              5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 TRANSACTION
 NATURE OF TRANSACTION                           Acceptance of options to subscribe for
                                                 ordinary shares in terms of a share
                                                 incentive scheme (off-market transaction)
 CLEARANCE OBTAINED                              Yes

2.
 NAME OF DIRECTOR                                G D T Wege
 COMPANY OF WHICH I AM A DIRECTOR                Deneb
 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive
 TYPE OF SECURITIES                              Options to subscribe for ordinary shares
 CLASS OF SECURITIES                             Ordinary
 DATE OF SHARE OPTION ACCEPTANCE                 28 June 2023
 OPTION STRIKE PRICE (CENTS)                     200
 NUMBER OF OPTIONS ALLOCATED                     1,013,905
 TOTAL RAND VALUE OF OPTIONS                     R2,027,810.00
 VESTING DATES OF OPTIONS                        The options will vest in 4 tranches, on the
                                                 following dates:
                                    10% from 28 June 2024
                                    20% from 28 June 2025
                                    30% from 28 June 2026
                                    40% from 28 June 2027
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for
                                    ordinary shares in terms of a share
                                    incentive scheme (off-market transaction)
 CLEARANCE OBTAINED                 Yes


3.
 NAME OF DIRECTOR                   D Levin
 COMPANY OF WHICH I AM A DIRECTOR   Sargas (Pty) Ltd (a major subsidiary of the
                                    Company)
 STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
 TYPE OF SECURITIES                 Options to subscribe for ordinary shares
 CLASS OF SECURITIES                Ordinary
 DATE OF SHARE OPTION ACCEPTANCE    28 June 2023
 OPTION STRIKE PRICE (CENTS)        200
 NUMBER OF OPTIONS ALLOCATED        168,584
 TOTAL RAND VALUE OF OPTIONS        R337,168.00
 VESTING DATES OF OPTIONS           The options will vest in 4 tranches, on the
                                    following dates:
                                    10% from 28 June 2024
                                    20% from 28 June 2025
                                    30% from 28 June 2026
                                    40% from 28 June 2027
 PERIOD OF EXERCISE                 5 years from grant of options
 NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
 TRANSACTION
 NATURE OF TRANSACTION              Acceptance of options to subscribe for
                                    ordinary shares in terms of a share
                                    incentive scheme (off-market transaction)
 CLEARANCE OBTAINED                 Yes


Cape Town
29 June 2023

Sponsor
PSG Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.