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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”)
EXERCISE OF OPTIONS BY DIRECTOR AND RELATED SETTLEMENT IN TERMS OF
THE DENEB LONG TERM INCENTIVE SCHEME
In compliance with rules 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the exercise of options and the related net-equity settlement thereof in
terms of the Deneb Long Term Incentive Scheme is disclosed:
NAME OF DIRECTOR S A Queen
COMPANY OF WHICH A DIRECTOR Deneb Investments Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Exercise of options in terms of the Deneb
Long Term Incentive Scheme and related
net-equity settlement by way of the award
of 815,350 ordinary shares to the director
(off-market transaction)
DATE OF EXERCISE OF OPTIONS 1 December 2022
VESTING DATE OF OPTIONS EXERCISED 10% vested on 26 June 2018
20% vested on 26 June 2019
30% vested on 26 June 2020
40% vested on 26 June 2021
PERIOD OF EXERCISE Participants must exercise options within
8 years from the grant date
OPTION STRIKE PRICE 116 cents
NUMBER OF OPTIONS EXERCISED 1,441,713
TOTAL RAND VALUE OF NET-EQUITY R1,883,458.50
SETTLED SECURITIES
(based on the 1 December 2022 closing
share price)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTIONS
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Cape Town
2 December 2022
Sponsor
PSG Capital
