Dealings in securities by directors and by a director and company secretary of a major subsidiary
Published: 2024-04-10 18:35:22 ET
[no company card]
OUTsurance Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000314084
Share code: OUT
(“OGL” or “the company”)
DEALINGS IN SECURITIES BY DIRECTORS AND BY A DIRECTOR AND COMPANY
SECRETARY OF A MAJOR SUBSIDIARY
1. Dealing in securities by a director of the company
In compliance with the JSE Limited Listings Requirements,
shareholders are advised of the following dealing in securities by
a director of the company.
Director : K Pillay
Company : OGL
Date of transaction : 9 April 2024
Nature of transaction : On-market acquisition of shares
Class of securities : OGL ordinary shares
Number of securities : 13 969
Volume weighted average
acquisition price per share : 4 173.3 cents
Highest price per share : 4 180 cents
Lowest price per share : 4 158 cents
Total value of transaction : R582 975
Nature of interest : Indirect beneficial
Clearance obtained : Yes
2. Acceptance of shares by directors of the company and by a
director and company secretary of a major subsidiary of the
company
As approved by OGL shareholders at the annual general meeting held
on 23 November 2023, the company implemented a new Conditional
Share Plan (CSP). In terms of the CSP, executive directors are
awarded performance shares annually, the vesting of which is
subject to the achievement of pre-determined, forward-looking
performance conditions and the fulfilment of the employment
condition for a period of three years from the award date. The
company secretary of a major subsidiary was awarded restricted
shares, the vesting of which is subject to the fulfilment of the
employment condition for a period of three years from the award
date. The deemed value per share was calculated as the 15-day
volume weighted average OGL share price as at 22 September 2023.
OGL shareholders are advised of the following acceptances of share
awards by directors of OGL and by a director and company secretary
of a major subsidiary of OGL.
Director : MC Visser
Company : OGL
Date of acceptance : 10 April 2024
Nature of transaction : Off-market acceptance of award
of shares in terms of the CSP
Class of securities : Performance shares linked to
OGL ordinary shares in terms of
the CSP vesting conditions
Vesting period : Three years from annual award
date
Number of securities : 286 499
Deemed value per share : 4 049 cents
Total deemed value of : R11 600 338
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : DH Matthee
Company : OUTsurance Insurance Company
Limited
Date of acceptance : 10 April 2024
Nature of transaction : Off-market acceptance of award
of shares in terms of the CSP
Class of securities : Performance shares linked to
OGL ordinary shares in terms of
the CSP vesting conditions
Vesting period : Three years from annual award
date
Number of securities : 230 313
Deemed value per share : 4 049 cents
Total deemed value of : R9 325 393
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : JH Hofmeyr
Company : OGL
Date of acceptance : 10 April 2024
Nature of transaction : Off-market acceptance of award
of shares in terms of the CSP
Class of securities : Performance shares linked to
OGL ordinary shares in terms of
the CSP vesting conditions
Vesting period : Three years from annual award
date
Number of securities : 212 480
Deemed value per share : 4 049 cents
Total deemed value of : R8 603 331
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company secretary : ZM Waterston
Company : OUTsurance Holdings Limited
Date of acceptance : 10 April 2024
Nature of transaction : Off-market acceptance of award
of shares in terms of the CSP
Class of securities : Restricted shares linked to OGL
ordinary shares in terms of the
CSP vesting conditions
Vesting period : Three years from annual award
date
Number of securities : 12 010
Deemed value per share : 4 049 cents
Total deemed value of : R486 316
transaction
Nature of interest : Direct beneficial
Clearance obtained : Yes
Centurion
10 April 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)