Quantum Foods Holdings (JSE:QFH) News - Acceptance of allocated phantom share rights in terms of the Quantum Foods Equity Settled Phantom Share Plan

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
ISIN: ZAE000193686
(“Quantum Foods” or the “Company”)

ACCEPTANCE OF ALLOCATED PHANTOM SHARE RIGHTS IN TERMS OF THE QUANTUM FOODS HOLDINGS LIMITED EQUITY SETTLED PHANTOM SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“JSE Listings Requirements”),
shareholders of Quantum Foods are hereby advised of the following dealings in securities by executive directors of the
Company:

 Nature of transaction:                                     Acceptance of Phantom Share Rights (“PSRs”) in terms
                                                            of the Quantum Foods Holdings Limited Equity Settled
                                                            Phantom Share Plan
 Class of securities:                                       PSRs linked to Quantum Foods ordinary shares
                                                            (“Ordinary Shares”)
 Date of PSRs grant:                                        21 February 2022
 Strike price of PSRs:                                      R5.390
 Vesting dates of PSRs:                                     21 February 2025, 21 February 2026 and
                                                            21 February 2027
 Period of exercise:                                        Participants have until midnight on the twelfth month
                                                            anniversary of the relevant vesting date during which to
                                                            exercise vested PSRs
 Nature and extent of interest:                             Direct beneficial
 On-market or off-market:                                   Off-market
 Clearance given in terms of paragraph 3.66 of the JSE      Yes
 Listings Requirements:

Transaction 1:

 Name of executive director:                                Hendrik Albertus Lourens
 Date of acceptance of the PSRs:                            1 March 2022
 Number of PSRs allocated:                                  1 737 372
 Total value of transaction:                                Refer to note 3 below

Transaction 2:

 Name of executive director:                                Andre Hugo Muller
 Date of acceptance of the PSRs:                            1 March 2022
 Number of PSRs allocated:                                  514 604
 Total value of transaction:                                Refer to note 3 below

Notes:
   1. 50% of the granted PSRs are time-based and will vest in 3 tranches of 33.33% each on the vesting dates
      specified above.
   2. 50% of the granted PSRs are performance-based and will vest in 3 tranches of 33.33% each on the vesting
      dates specified above, subject to a formula based on, inter alia, the compounded annual growth rate (“CAGR”)                                                                                                                       
      of the Company’s adjusted headline earnings per share (“HEPS”) from baseline HEPS. The CAGR is measured
      from the financial year prior to the date of grant of the PSRs to the financial year prior to the date of exercise.
   3. The total number of Ordinary Shares that will be issued to the executive directors pursuant to the exercise of
      the PSRs will be determined in accordance with, inter alia, a formula based on the growth in the Ordinary Share
      price from the date of grant of the PSRs to the date of exercise. Accordingly, the total number of Ordinary Shares
      that will be settled and total value thereof, will only be determined at a future date.
   4. A further announcement will be published on SENS following the exercise of the PSRs by each executive
      director, disclosing the exact number of Ordinary Shares settled and the total value thereof, in accordance with
      the JSE Listings Requirements.


Wellington
4 March 2022

Corporate advisor and Sponsor
One Capital

Attorneys
Webber Wentzel




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Date: 04-03-2022 03:32:00
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