Tiso Blackstar Group SE MIS Awards, Director's Dealings & Issue of Shares (8855X)

TIDMTBGR

RNS Number : 8855X

Tiso Blackstar Group SE

29 November 2017

Tiso Blackstar Group SE

(Incorporated in England and Wales)

(Company number SE 110)

(registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10)

LSE Ticker: TBGR

JSE Share code: TBG

ISIN: GB00BF37LF46

("Tiso Blackstar" or the "Company")

MANAGEMENT INCENTIVE SCHEME AWARDS, DIRECTOR'S DEALINGS AND ISSUE OF TREASURY SHARES

The Company has awarded in total 4,015,973 shares to all participants ("Participants") under the Management Incentive Scheme ("MIS") (including the award set out in 4 (c) below), which will be issued as new Tiso Blackstar ordinary shares in due course.

These shares were awarded to Participants on 29 November 2017. The vesting of such shares to Participants and the quantity of shares vested will be based on achievement of the performance conditions over the performance period. Therefore until the vesting date, the new shares may be subject to forfeiture if certain performance conditions are not met. Application for admission to list on AIM and the JSE is being made and trade is expected to commence on or about 5 December 2017.

The Company has a total of 268,291,260 shares in issue, of which 3,012,349 shares are disclosed as treasury shares for accounting purposes. However, they have been committed to meeting the Company's obligations to Participants under the MIS and the Participants have the right to vote these shares. The newly issued shares of 4,015,973 as a result of this MIS award, will also be disclosed as treasury shares for accounting purposes, however they have been committed to meeting the Company's obligations to Participants under the MIS and the Participants also have the right to vote the shares. Following the issue of the new shares as result of this Management Incentive Scheme award, the Company will have a total 272,307,233 shares in issue, of which 7,028,322 shares will be disclosed as treasury shares.

The total number of voting rights in the Company will therefore increase to 272,307,233 (the "Voting Rights Figure"). The Voting Rights Figure may be used by Tiso Blackstar shareholders as the denominator for the calculations in order to determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Tiso Blackstar confirms that, following the awards above, the Concert Party, as defined in the circular posted to shareholders dated 26 May 2017 ("Circular"), now holds 34,06% of the Company's total voting rights.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.    Details of the person discharging managerial 
        responsibilities ("PDMR") / person closely 
        associated 
----  -------------------------------------------------------------- 
 (a)   Name                    Andrew Bonamour 
----  ----------------------  -------------------------------------- 
 2.    Reason for the notification 
----  -------------------------------------------------------------- 
 (a)   Position/status         Director, Tiso Blackstar (PDMR) 
----  ----------------------  -------------------------------------- 
 (b)   Initial notification/   Initial notification 
        Amendment 
----  ----------------------  -------------------------------------- 
 3.    Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
----  -------------------------------------------------------------- 
 (a)   Name                    Tiso Blackstar 
----  ----------------------  -------------------------------------- 
 (b)   LEI                     N/A 
----  ----------------------  -------------------------------------- 
 4.    Details of the transaction(s): section 
        to be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  -------------------------------------------------------------- 
 (a)   Description             Ordinary shares of EUR0.76 
        of the financial        each 
        instrument, 
        type of instrument 
       Identification          ISIN: GB00BF37LF46 
        code 
----  ----------------------  -------------------------------------- 
 (b)   Nature of the           Off-market award and acceptance 
        transaction             of forfeitable shares, subject 
                                to achievement of performance 
                                conditions, under the Management 
                                Incentive Scheme (disclosed 
                                in the Circular) and as approved 
                                by shareholders at the extraordinary 
                                general meeting held on 20 
                                June 2017. 
----  ----------------------  -------------------------------------- 
 (c)   Price(s) and              Price(s)             Volume(s) 
        volume (s)               -------------------  ---------- 
                                  Zero (forfeitable 
                                   share award)          556,480 
                                 -------------------  ---------- 
----  ----------------------  -------------------------------------- 
 (d)   Aggregated 
        information              As stated above R9.00 (closing 
        - Aggregated             market price as at 28 November 
        volume                   2017) 
        - Deemed price           R5,008,320.00 
        -Value 
----  ----------------------  -------------------------------------- 
 (e)   Date of the             29 November 2017 
        transaction 
----  ----------------------  -------------------------------------- 
 (f)   Place of the            N/A 
        transaction 
 (g)   Extent of interest      Direct beneficial 
 (h)   Clearance to            Yes 
        deal obtained 
----  ----------------------  -------------------------------------- 
 

London

29 November 2017

 
 For further information, please contact: 
 Tiso Blackstar Group                             [phone] 
  SE                           Leanna Isaac        6017 
 Northland Capital Partners    Tom Price/Jamie    [phone] 
  Limited                       Spotswood          6625 
                                                  [phone] 
 JSE Sponsor: One Capital      Sholto Simpson      5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 29, 2017 10:00 ET (15:00 GMT)