THE BIDVEST GROUP LIMITED ("Bidvest" or "The Group")

(Incorporated in the Republic of South Africa) (Registration number 1946/021180/06)

JSE Share code: BVT

ISIN: ZAE000117321

GRANTING OF LONG-TERM INCENTIVE AWARDS IN TERMS OF THE 2008 BIDVEST CSP

In compliance with Rules 3.63 of the JSE Listing Requirements, the following information is disclosed

Shareholders are hereby advised that the following off-market delivery in Bidvest ordinary shares has taken place following the granting of conditional share plan awards, previously awarded and accepted in terms of the 2008 Bidvest Group Conditional Share Plan, subject to performance conditions for the period 1 July 2016 to 30 June 2019 and 1 July 2017 to 30 June 2020.

The remaining 25% of the 2016 awards vested in September 2020. Vesting of the 2017 awards occur in two tranches, September 2020 and September 2021, at a deemed value of R140 per share. The Remuneration Committee has given approval for the following:

NT Madisa

15 532 shares

GC McMahon

8 209 shares

The nature of interest in for the above transactions is directly beneficial to the respective directors.

Date: 9 October 2020

Johannesburg

Sponsor: Investec Bank Limited

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

The Bidvest Group Limited published this content on 09 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2020 15:54:02 UTC