Tiso Blackstar Group SE MIS Awards, Director's Dealings & Issue of Shares (8855X)
November 29 2017 - 9:00AM
UK Regulatory
TIDMTBGR
RNS Number : 8855X
Tiso Blackstar Group SE
29 November 2017
Tiso Blackstar Group SE
(Incorporated in England and Wales)
(Company number SE 110)
(registered as an external company with limited liability in the
Republic of South Africa under registration number
2011/008274/10)
LSE Ticker: TBGR
JSE Share code: TBG
ISIN: GB00BF37LF46
("Tiso Blackstar" or the "Company")
MANAGEMENT INCENTIVE SCHEME AWARDS, DIRECTOR'S DEALINGS AND
ISSUE OF TREASURY SHARES
The Company has awarded in total 4,015,973 shares to all
participants ("Participants") under the Management Incentive Scheme
("MIS") (including the award set out in 4 (c) below), which will be
issued as new Tiso Blackstar ordinary shares in due course.
These shares were awarded to Participants on 29 November 2017.
The vesting of such shares to Participants and the quantity of
shares vested will be based on achievement of the performance
conditions over the performance period. Therefore until the vesting
date, the new shares may be subject to forfeiture if certain
performance conditions are not met. Application for admission to
list on AIM and the JSE is being made and trade is expected to
commence on or about 5 December 2017.
The Company has a total of 268,291,260 shares in issue, of which
3,012,349 shares are disclosed as treasury shares for accounting
purposes. However, they have been committed to meeting the
Company's obligations to Participants under the MIS and the
Participants have the right to vote these shares. The newly issued
shares of 4,015,973 as a result of this MIS award, will also be
disclosed as treasury shares for accounting purposes, however they
have been committed to meeting the Company's obligations to
Participants under the MIS and the Participants also have the right
to vote the shares. Following the issue of the new shares as result
of this Management Incentive Scheme award, the Company will have a
total 272,307,233 shares in issue, of which 7,028,322 shares will
be disclosed as treasury shares.
The total number of voting rights in the Company will therefore
increase to 272,307,233 (the "Voting Rights Figure"). The Voting
Rights Figure may be used by Tiso Blackstar shareholders as the
denominator for the calculations in order to determine if they are
required to notify their voting rights interest, or a change to
that interest, in the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
Tiso Blackstar confirms that, following the awards above, the
Concert Party, as defined in the circular posted to shareholders
dated 26 May 2017 ("Circular"), now holds 34,06% of the Company's
total voting rights.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities ("PDMR") / person closely
associated
---- --------------------------------------------------------------
(a) Name Andrew Bonamour
---- ---------------------- --------------------------------------
2. Reason for the notification
---- --------------------------------------------------------------
(a) Position/status Director, Tiso Blackstar (PDMR)
---- ---------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
---- ---------------------- --------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- --------------------------------------------------------------
(a) Name Tiso Blackstar
---- ---------------------- --------------------------------------
(b) LEI N/A
---- ---------------------- --------------------------------------
4. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------
(a) Description Ordinary shares of EUR0.76
of the financial each
instrument,
type of instrument
Identification ISIN: GB00BF37LF46
code
---- ---------------------- --------------------------------------
(b) Nature of the Off-market award and acceptance
transaction of forfeitable shares, subject
to achievement of performance
conditions, under the Management
Incentive Scheme (disclosed
in the Circular) and as approved
by shareholders at the extraordinary
general meeting held on 20
June 2017.
---- ---------------------- --------------------------------------
(c) Price(s) and Price(s) Volume(s)
volume (s) ------------------- ----------
Zero (forfeitable
share award) 556,480
------------------- ----------
---- ---------------------- --------------------------------------
(d) Aggregated
information As stated above R9.00 (closing
- Aggregated market price as at 28 November
volume 2017)
- Deemed price R5,008,320.00
-Value
---- ---------------------- --------------------------------------
(e) Date of the 29 November 2017
transaction
---- ---------------------- --------------------------------------
(f) Place of the N/A
transaction
(g) Extent of interest Direct beneficial
(h) Clearance to Yes
deal obtained
---- ---------------------- --------------------------------------
London
29 November 2017
For further information, please contact:
Tiso Blackstar Group +44(0) 20 7887
SE Leanna Isaac 6017
Northland Capital Partners Tom Price/Jamie +44(0) 20 3861
Limited Spotswood 6625
+27(0) 11 550
JSE Sponsor: One Capital Sholto Simpson 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
STREALFNALEXFFF
(END) Dow Jones Newswires
November 29, 2017 10:00 ET (15:00 GMT)
Tiso Blackstar (LSE:TBGR)
Historical Stock Chart
From Apr 2024 to May 2024
Tiso Blackstar (LSE:TBGR)
Historical Stock Chart
From May 2023 to May 2024