BID CORPORATION LIMITED – Granting Of Conditional Share Awards In Terms Of The 2016 Bidcorp Conditional Share Plan (CSP)

2018/12/07 16:00:00
SENS announcement for JSE listed company: BID
                        

BID 201812070061A
Granting Of Conditional Share Awards In Terms Of The 2016 Bidcorp Conditional Share Plan (‘CSP’)

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE 000216537
(‘Bidcorp’ or ‘the company’)

GRANTING OF CONDITIONAL SHARE AWARDS IN TERMS OF THE 2016 BIDCORP CONDITIONAL
SHARE PLAN (‘CSP’)

Executive directors have been awarded Conditional Share Awards in terms of the 2016 Bidcorp
Conditional Share Plan, approved by shareholders at the general meeting in April 2016.

Conditional Share Awards are subject to performance conditions for the period starting July 1 2018
and ending June 30 2021. Subject to performance, vesting will occur in September 2021 and
September 2022.

The remuneration committee has given approval for the following individual allocations.

• B L Berson 98 000 conditional share awards
• D E Cleasby 38 000 conditional share awards

The above transactions were all performed off market and the necessary approvals were obtained.

Date: December 7th 2018
Johannesburg

Sponsor: The Standard Bank of South Africa Limited

Date: 07/12/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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