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 Scheublé 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'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
Source: JSE News Service (SENS)
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