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MASSMART HOLDINGS LIMITED - Notification of acceptance of Restricted Share Grants in terms of the Massmart Holdings Limited Employee Share Plan

Release Date: 27/09/2018 11:32
Code(s): MSM     PDF:  
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Notification of acceptance of Restricted Share Grants in terms of the Massmart Holdings Limited Employee Share Plan

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company Registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 0000152617
(“Massmart”)

Notification of acceptance of Restricted Share Grants in terms of the Massmart Holdings
Limited Employee Share Plan

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, we
hereby advise that Restricted Share Grants in Massmart securities have been offered at
R105.0360 being the 10-day weighted average price immediately prior to the offer date of
14 September 2018. These were accepted by Mr. Guy Hayward, Mr. Johannes Van Lierop
and Mr. Joe Ralebepa in terms of the rules of the Massmart Holdings Limited Employee
Share Plan. Restricted Share Grants are offered annually in September and vest in terms as
outlined below.

The grants were accepted on 26 September 2018 by the aforementioned individuals as
detailed below:

Name:                                            Guy Hayward
Position held:                                   Chief Executive Officer
Company:                                         Massmart Holdings Limited
Nature of Interest:                              Direct/Beneficial
Grant of Restricted Shares:                      19,427
Total value:                                     R2,040,534.37
Vesting date:                                    In equal thirds on 14 September 2021, 2022
                                                 and 2023

Name:                                            Johannes Van Lierop
Position held:                                   Chief Financial Officer
Company:                                         Massmart Holdings Limited
Nature of Interest:                              Direct/Beneficial
Grant of Restricted Shares:                      15,761
Total value:                                     R1,655,472.40
Vesting dates:                                   In equal thirds on 14 September 2021, 2022
                                                 and 2023

Name:                                            Joseph Ralebepa
Position held:                                   Company Secretary
Company:                                         Massmart Holdings Limited
Nature of Interest:                              Direct/Beneficial
Grant of Restricted Shares:                      6,724
Total value:                                     R706,262.06
Vesting dates:                                   In equal thirds on 14 September 2021, 2022
                                                 and 2023

The above transactions were off-market trades.

Clearance to accept these Restricted Share Grants has been given in terms of paragraph
3.66 of the JSE Limited Listings Requirements.


Johannesburg
27 September 2018


Sponsor
Deutsche Securities (SA) Proprietary Limited

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