LHC: LIFE HEALTHCARE GROUP HOLDINGS LTD - Acceptance of rights to participate in long term incentive plan

2015-09-17 16:00:00
LHC: LIFE HEALTHCARE GROUP HOLDINGS LTD - 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 September 2015, Executive Directors and the Company Secretary 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 off market and 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 shares is R37.1436
Director                                 :         André Meyer
Number of conditional awards             :         108 180
Deemed valued based on grant date        :         R4 018 194.65
applying the 30-day VWAP
Nature of interest                       :         Direct Beneficial
Director                                 :         Petrus Phillippus van der Westhuizen
Number of conditional awards             :         43 126
Deemed valued based on grant date        :         R1 601 854.89
applying the 30-day VWAP
Nature of interest                       :         Direct Beneficial
Company Secretary                        :         Fazila Patel
Number of conditional awards             :         18 376
Deemed valued based on grant date        :         R682 550.79
applying the 30-day VWAP
Nature of interest                       :         Direct Beneficial
Clearance obtained                       :         Approval for the allocations has been granted
Illovo
17 September 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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