THE SPAR GROUP LIMITED - Acceptance of shares by directors and company secretary

Acceptance of shares by directors and company secretary

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
ISIN: ZAE000058517
JSE Code: SPP
(“SPAR”)


ACCEPTANCE OF SHARES BY DIRECTORS AND COMPANY SECRETARY


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SPAR hereby
advises its shareholders of the following acceptance of awards of shares by directors and the company
secretary of SPAR in terms of The SPAR Conditional Share Plan (“CSP”):


  Nature of transaction:                         Acceptance of an award of shares in terms of the
                                                 CSP
  Date of acceptance:                            11 February 2020
  Nature and extent of interest:                 Direct beneficial
  On-market or off-market:                       Off-market
  Clearance obtained:                            Yes

  Name of director:                              Graham O’ Connor
  Number of shares:                              45 100 (25 100 performance shares and 20 000
                                                 restricted shares)
  Class of securities:                           Performance shares and restricted shares, linked to
                                                 SPAR ordinary shares, in terms of the CSP vesting
                                                 criteria
  Vesting period:                                Three years for annual award of performance shares
                                                 and in full after one year for restricted shares
  Deemed value per award:                        R193,80
  Total deemed value:                            R8 740 380

  Name of director:                              Mark Godfrey
  Number of shares:                              20 800 (12 400 performance shares and 8 400
                                                 restricted shares)
  Class of securities:                           Performance shares and restricted shares, linked to
                                                 SPAR ordinary shares, in terms of the CSP vesting
                                                 criteria
  Vesting period:                                Three years for annual award of performance shares
                                                 and in equal parts after years three, four and five for
                                                 restricted shares
  Deemed value per award:                        R193,80
  Total deemed value:                            R4 031 040

  Name of company secretary:                     Mandy Hogan
  Number of shares:                              1 600 performance shares
  Class of securities:                           Performance shares linked to SPAR ordinary shares,
                                                 in terms of the CSP vesting criteria
  Vesting period:                                Three years for annual award of performance shares
  Deemed value per award:                        R193,80
  Total deemed value:                            R310 080


Pinetown
12 February 2020

Sponsor
One Capital

Date: 12-02-2020 11:50:00
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