In terms of paragraphs3.63 -3.74of the Listings Requirements of the JSE, the following information is disclosed in respect of the chief executive officer (“CEO”) retention scheme, details of which have been disclosed in the remuneration report forming part of the integrated annual report for the year ended 31 March 2024(“CEO Retention Scheme”).In terms of the CEO Retention Scheme, the CEO may purchase a minimum of 600,000 Invicta shares over 6 years, on the understanding that the Company will match such purchase on a one-for-one basis up to a maximum of 600,000 Invicta shares over the same 6-year period.
The matching shares acquired on the open market by the Company will be given to the CEO annually on 1 April.
Name:
Steven Joffe
Nature of transaction:
Acceptance of awards(off-market)
Class of securities:
Ordinary shares
Acceptance date:
1 July 2024
Vesting date:
31 March 2025
Deemed price:
R27.60
Number of awards:
100,000
Total deemed value of the transaction*:
R 2 760 000
Extent of interest:
Direct beneficial
Clearance to deal obtained:
Yes
*Closing price of an Invicta ordinary share on 28 June 2024
** The number of shares that vest will be reduced to account for the deduction of tax.