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Acceptance and Vesting of Awards by Directors and the Company Secretary in Terms of The CFM Deferred Remuneration Tr

Published: 2022-03-01 14:00:00 ET

Coronation Fund Managers (JSE:CML) News - Acceptance and Vesting of Awards by Directors and the Company Secretary in Terms of The CFM Deferred Remuneration Tr

CORONATION FUND MANAGERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
Share code: CML
ISIN: ZAE000047353
LEI: 3789001BC9A294E6FF77
(“Coronation” or “the Company”)

ACCEPTANCE AND VESTING OF AWARDS BY DIRECTORS AND THE COMPANY
SECRETARY IN TERMS OF THE CFM DEFERRED REMUNERATION TRUST

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

ACCEPTANCE OF AWARDS BY DIRECTORS AND THE COMPANY SECRETARY IN
TERMS OF THE CFM DEFERRED REMUNERATION TRUST

1.
 NAME OF DIRECTOR                                Mr Anton Pillay

 COMPANY OF WHICH A DIRECTOR                     Coronation Fund Managers Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTIONS                          Off-market acceptance of awards
                                                 (1-3)
 
 DATE OF ACCEPTANCE OF AWARDS                    28 February 2022                (1-3)

 DEEMED VALUE PER SHARE (CENTS)                  4 670                              (1)
                                                 4 670                              (2)
                                                 4 670                              (3)
 
 NUMBER OF AWARDS ACCEPTED                       456                                (1)
                                                 2 881                              (2)
                                                 91 057                             (3)
 
 TOTAL DEEMED RAND VALUE OF                      R21 295.20                         (1)
 AWARDS                                          R134 542.70                        (2)
                                                 R4 252 361.90                      (3)

 VESTING DATE OF AWARDS                          1 January 2022                     (1)
                                                 1 January 2025                     (2)
                                                 1 January 2026                     (3)

 NATURE AND EXTENT OF INTEREST IN                Direct,beneficial                  (1-3)
 THE TRANSACTIONS

2.
 NAME OF DIRECTOR                                Ms Mary-Anne Musekiwa

 COMPANY OF WHICH A DIRECTOR                     Coronation Fund Managers Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTIONS                          Off-market acceptance of awards

 DATE OF ACCEPTANCE OF AWARDS                    28 February 2022                   (1-2)

 DEEMED VALUE PER SHARE (CENTS)                  4 670                              (1)
                                                 4 670                              (2)

 NUMBER OF AWARDS ACCEPTED                       791                                (1)
                                                 22 344                             (2)

 TOTAL DEEMED RAND VALUE OF                      R 36 939.70                        (1)
 AWARDS                                          R1 043 464.80                      (2)

 VESTING DATE OF AWARDS                          1 January 2025                     (1)
                                                 1 January 2026                     (2)

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial                 (1-2)
 THE TRANSACTIONS

3.
 NAME OF COMPANY SECRETARY                       Ms Nazrana Hawa

 COMPANY OF WHICH THE COMPANY                    Coronation Fund Managers Limited
 SECRETARY

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Off-market acceptance of awards

 DATE OF ACCEPTANCE OF AWARDS                    28 February 2022                   (1-2)

 DEEMED VALUE PER SHARE (CENTS)                  4 670                              (1)
                                                 4 670                              (2)

 NUMBER OF AWARDS ACCEPTED                       95                                 (1)
                                                 2 965                              (2)
 
 TOTAL DEEMED RAND VALUE OF                      R 4 436.50                         (1)
 AWARDS                                          R138 465.50                        (2)

 VESTING DATE OF AWARDS                          1 January 2025                     (1)
                                                 1 January 2026                     (2)

NATURE AND EXTENT OF INTEREST IN                 Direct, beneficial                 (1-2)
THE TRANSACTION

VESTING OF AWARDS BY A DIRECTOR IN TERMS OF THE CFM DEFERRED
REMUNERATION TRUST

 NAME OF DIRECTOR                                Mr Anton Pillay

 COMPANY OF WHICH A DIRECTOR                     Coronation Fund Managers Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTIONS                          Acquisition of shares in Coronation
                                                 through the vesting of awards awarded in
                                                 terms of the CFM Deferred Remuneration
                                                 Trust (off market transactions)     (1-2)

 DATE OF ACCEPTANCE OF AWARDS                    28 February 2022                    (1-2)

 PERIOD OF VESTING                               Four years from date of allocation  (1-2)


 DEEMED VALUE PER SHARE (CENTS)                  5 422                               (1)
                                                 5 422                               (2)
 
 NUMBER OF AWARDS VESTED                         456                                 (1)
                                                 21 340                              (2)
 
 TOTAL DEEMED RAND VALUE OF                      R24 725.66                          (1)
 AWARDS VESTED                                   R1 157 117.56                       (2)

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial                  (1-2)
 THE TRANSACTION

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

Cape Town
1 March 2022

Sponsor
PSG Capital

Date: 01-03-2022 04:00:00
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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.