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SILVERBRIDGE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1995/006315/06)
Share code: SVB ISIN: ZAE000086229
(“SilverBridge” or “the Company”)
EXERCISE OF OPTIONS BY A DIRECTOR AND ACCEPTANCE OF SECURITIES IN
TERMS OF THE SHARE INCENTIVE SCHEMES OF THE COMPANY AND DEALINGS IN
SHARES BY A DIRECTOR
SilverBridge shareholders (“Shareholders”) are referred to the update announcements
published on 12 July 2022 and 13 July 2022, in relation to certain updates regarding the
intentions expressed by certain directors of the Company to accept the offer that the Company
received from ROX Equity Partners Limited (“ROX” or the “Offeror”) to acquire from
Shareholders all the issued ordinary shares in the capital of the Company (“Shares”) for a
cash consideration of R2.00 per Share on and subject to the further terms and conditions
contained therein (the "Offer").
The Company has subsequently been informed that following the publication of the ROX offer
circular and the offeree response circular to Shareholders, both published on 20 July 2022
(“Circulars”), and the subsequent opening of the Offer, certain directors and an associate of
a director have accepted the Offer.
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealing in securities is disclosed:
Exercise of options
NAME OF DIRECTOR Lee Kenneth Kuyper
COMPANY OF WHICH A DIRECTOR SilverBridge Holdings Limited
STATUS: Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Acquisition of ordinary shares through the
exercise of options in terms of the
employee share incentive scheme known
as the “Share Incentive Scheme”
administered by the SVB Trust in terms of
the trust deed of the Silverbridge
Employee Share Trust (“SVB Trust”), as
approved by SVB Shareholders on 9
September 2009 (“Trust Deed”)
(off-market transaction)
DATE OF EXERCISE OF OPTIONS 26 August 2022 (1)
26 August 2022 (2)
VESTING DATE OF OPTIONS EXERCISED 20 November 2018 (1)
17 February 2020 (2)
OPTION STRIKE PRICE R0.80 (1)
R1.41 (2)
NUMBER OF OPTIONS EXERCISED 1,097,500 (1)
262,500 (2)
PERIOD OF EXERCISE Participants have a 60-month period from
the vesting date during which options can
be exercised
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Acquisition of Securities
NAME OF DIRECTOR Lee Kenneth Kuyper
COMPANY OF WHICH A DIRECTOR SilverBridge Holdings Limited
STATUS: Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Acquisition of ordinary shares in terms of
the employee share incentive scheme
known as the “Share Ownership Scheme”
administered by the SVB Trust in terms of
the Trust Deed, pursuant to the holding
period being accelerated in accordance
with the provisions of the Trust Deed
(off-market transaction)
DATE OF GRANT OF THE SHARES 31 December 2020
ACQUISITION DATE 26 August 2022
PRICE PER SECURITY R1.00
NUMBER OF SECURITIES TRANSACTED 550,356
TOTAL RAND VALUE OF SECURITIES R550,356
TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Acceptance of Offer
NAME OF DIRECTOR Lee Kenneth Kuyper
COMPANY OF WHICH A DIRECTOR SilverBridge Holdings Limited
STATUS: Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Acceptance of the Offer (off-market
transaction)
DATE OF ACCEPTANCE 27 August 2022
PRICE PER SECURITY R2.00
NUMBER OF SECURITIES TRANSACTED 1,910,356
TOTAL RAND VALUE OF SECURITIES R3,820,712
TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements prior to the closed period of the Company, which commenced on 1 July 2022.
Mr Kuyper disclosed his intention to accept the Offer, in respect of 2 720 000 Shares (which
includes share options), to the chairman of the Board and the company secretary in a letter
dated 23 June 2022 and has obtained clearance to deal, prior to the closed period of the
Company which commenced on 1 July 2022.
The Independent Board individually and collectively accepts full responsibility for the accuracy
of the information contained in this announcement. In addition, the Independent Board certifies
that to the best of its knowledge and belief, the information contained in this announcement
solely pertaining to the Company is true and, where appropriate, does not omit anything that
is likely to affect the importance of the information contained herein, and that all reasonable
enquiries to ascertain such information have been made.
Pretoria
31 August 2022
Transaction Advisor and Designated Advisor
PSG Capital
