LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Acceptance of rights to participate in Long Term Incentive Plan

2016-03-23 16:50:00
LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Acceptance of rights to participate in Long Term Incentive Plan
Acceptance of rights to participate in Long Term Incentive Plan
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/002733/06)
ISIN: ZAE000145892
Share Code: LHC
("Life Healthcare or "the Company")
ACCEPTANCE OF RIGHTS TO PARTICIPATE IN LONG TERM INCENTIVE PLAN
In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:
On 16 March 2016, Directors of a major subsidiary of Life Healthcare accepted rights to participate in the
Company┬┤s Long Term Incentive Plan. Conditional awards in respect of ordinary shares made in terms of
the rules of the Long Term Incentive Plan are made and accepted off market, are subject to specified
performance conditions measured over a period of three years and will vest if such conditions are met at
the end of the three year performance period. The allocations below have been approved by the
Remuneration and Human Resources Committee of the Company. The 30-day VWAP used to value the
Life Healthcare ordinary shares the subject of the conditional awards is R34.578.
Director                                 :         D Scheubl├ę
Company                                  :         Life Healthcare Group Proprietary Limited
Number of conditional awards             :         33 098
Deemed transaction valued based on       :         R1 144 500
grant date applying the 30-day VWAP
Nature of interest                       :         Direct Beneficial
Director                                 :         CWL Bekker
Company                                  :         Life Healthcare Group Proprietary Limited
Number of conditional awards             :         33 104
Deemed transaction valued based on       :         R1 144 665
grant date applying the 30-day VWAP
Nature of interest                       :         Direct Beneficial
Clearance obtained                       :         Approval for the allocations has been granted
Illovo
23 March 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/03/2016 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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