Enhanced Investments - Financial Portal

Granting of Conditional Share Awards to Executive Directors

Published: 2022-12-06 12:30:33 ET

Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA
ISIN: ZAE000208245
(“CAPPREC" or “the Group”)

GRANTING OF CONDITIONAL SHARE AWARDS TO EXECUTIVE DIRECTORS

Executive Directors have been awarded Conditional Share Awards in terms of the 2020 Capital
Appreciation Conditional Share Plan.

Awards are subject to performance criteria and continued employment for the three financial year
periods, commencing 1 April 2022 to 31 March 2025 and vesting will occur in December 2025.

Name of director:                           Michael Reuven Pimstein
Grant and acceptance date:                  5 December 2022
Class of securities:                        Ordinary shares
Number of securities:                       1,600,000 ordinary shares
Price per security:                         Fair values at grant date per share using the three-day
                                            volume weighted average price of 144,4229 cents per
                                            ordinary share
Total value of award:                       R2,310,766
Nature of award:                            Off-market grant and acceptance of award made pursuant to
                                            the Capital Appreciation Conditional Share Plan
Conditions of the award:                    The award is subject to performance criteria over a three
                                            financial year performance period and continued
                                            employment for the duration of a 3-year vesting period
Nature and extent of director's interest:   Direct beneficial

Clearance to award received:                Yes

Name of director:                           Bradley Jonathan Sacks
Grant and acceptance date:                  5 December 2022
Class of securities:                        Ordinary shares
Number of securities:                       1,600,000 ordinary shares
Price per security:                         Fair values at grant date per share using the three-day
                                            volume weighted average price of 144,4229 cents per
                                            ordinary share
Total value of award:                       R2,310,766
Nature of award:                            Off-market grant and acceptance of award made pursuant to
                                            the Capital Appreciation Conditional Share Plan
Conditions of the award:                    The award is subject to performance criteria over a three
                                            financial year performance period and continued
                                            employment for the duration of a 3-year vesting period
Nature and extent of director's interest:   Direct beneficial

Clearance to award received:                Yes

Name of director:                           Alan Charles Salomon
Grant and acceptance date:                  5 December 2022
Class of securities:                        Ordinary shares
Number of securities:                       1,600,000 ordinary shares
                                            Fair values at grant date per share using the three-day
Price per security:                         volume weighted average price of 144,4229 cents per
                                            ordinary share
Total value of award:                       R2,310,766
Nature of award:                            Off-market grant and acceptance of award made pursuant to
                                            the Capital Appreciation Conditional Share Plan
 Conditions of the award:                   The award is subject to performance criteria over a three
                                            financial year performance period and continued
                                            employment for the duration of a 3-year vesting period
Nature and extent of director's interest:   Direct beneficial

Clearance to award received:                Yes


Name of director:                           Michael Brian Shapiro
Grant and acceptance date:                  5 December 2022
Class of securities:                        Ordinary shares
Number of securities:                       800,000 ordinary shares
Price per security:                         Fair values at grant date per share using the three-day
                                            volume weighted average price of 144,4229 cents per
                                            ordinary share
Total value of award:                       R1,155,383
Nature of award:                            Off-market grant and acceptance of award made pursuant to
                                            the Capital Appreciation Conditional Share Plan
Conditions of the award:                    The award is subject to performance criteria over a three
                                            financial year performance period and continued
                                            employment for the duration of a 3-year vesting period
Nature and extent of director's interest:   Direct beneficial

Clearance to award received:                Yes

Johannesburg
6 December 2022


Sponsor: Investec Bank Limited

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

Important disclosures

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.