Kaap Agri Limited (JSE:KAL) News - Acceptance Of Rights Granted Under The Kaap Agri Equity Settled Management Share Incentive Scheme

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/113185/06)
ISIN: ZAE000244711
Share code: KAL
(“Kaap Agri”)

ACCEPTANCE OF RIGHTS GRANTED UNDER THE KAAP AGRI EQUITY SETTLED
MANAGEMENT SHARE INCENTIVE SCHEME (“SCHEME”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of rights granted under the Scheme is
disclosed:

NAMES OF DIRECTORS                             S Walsh                     (1)
                                               GW Sim                      (2)
                                               DC Gempies                  (3)
                                               HJ Smit                     (4)
                                               T Sulaiman-Bray             (5)

COMPANIES OF WHICH DIRECTORS                   Kaap Agri                   (1) – (2)
                                               Kaap Agri Bedryf Limited    (1) – (5)
                                               (a major subsidiary
                                               of Kaap Agri)

STATUS: EXECUTIVE/NON-EXECUTIVE                Executive                   (1) - (5)

TYPE AND CLASS OF SECURITIES                   Rights granted under the Scheme to
                                               acquire ordinary shares     (1) - (5)

NATURE OF TRANSACTION                          Acceptance of award of rights to acquire
                                               ordinary shares in terms of the Scheme
                                               (off-market transaction)    (1) – (5)

DATE OF AWARD OF RIGHTS                        20 January 2022             (1) – (5)

DATE OF ACCEPTANCE OF RIGHTS                   31 January 2022             (1) – (5)

PRICE AT WHICH RIGHTS AWARDED                  R44.44                      (1) – (5)
                                               (being the 90-day VWAP prior to the
                                               award date)

NUMBER OF RIGHTS ACCEPTED                      235 024                     (1)
                                               113 761                     (2)
                                                58 276                     (3)
                                                68 355                     (4)
                                                48 807                     (5)


TOTAL RAND VALUE OF RIGHTS                     R10 444 466.56              (1)
ACCEPTED                                       R 5 055 538.84              (2)
                                               R 2 589 785.44              (3)
                                               R 3 037 696.20              (4)
                                               R 2 168 983.08              (5)

VESTING DATES OF RIGHTS                        Vesting in tranches of 25% each on the 1st
                                               day of 2nd, 3rd, 4th and 5th financial years
                                               commencing after the award date (1) – (5)

SETTLEMENT PERIOD                              Settlement in respect of rights to occur
                                               within 120 days of the applicable vesting
                                               date                        (1) – (5)

NATURE AND EXTENT OF INTEREST IN               Direct, beneficial          (1) – (5)
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Paarl
31 January 2022

Sponsor
PSG Capital

Date: 31-01-2022 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.