To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 13/02/2019 11:15
Code(s): SPP     PDF:  
Wrap Text
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:                             12 February 2019
 Nature of interest:                             Direct beneficial
 On-market or off-market:                        Off-market
 Clearance obtained:                             Yes


 Name of director:                               Graham O’ Connor
 Number of shares:                               33 100 (21 100 performance shares and 12 000
                                                 restricted shares)
 Class of securities:                            Performance shares and restricted shares, linked to
                                                 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:                         R190,21
 Total deemed value:                             R6 295 951


 Name of director:                               Wayne Hook
 Number of shares:                               15 800 (9 800 performance shares and 6 000
                                                 restricted shares)
 Class of securities:                            Performance shares and restricted shares, linked to
                                                 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:                         R190,21
 Total deemed value:                             R3 005 318


 Name of director:                               Roelf Venter
 Number of shares:                               15 200 (9 200 performance shares and 6 000
                                                 restricted shares)
 Class of securities:                            Performance shares and restricted shares, linked to
                                                 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:                         R190,21
 Total deemed value:                             R2 891 192


 Name of director:                               Mark Godfrey
 Number of shares:                               20 800 (12 800 performance shares and 8 000
                                                 restricted shares)
 Class of securities:                            Performance shares and restricted shares, linked to
                                                 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:                         R190,21
 Total deemed value:                             R3 956 368


 Name of company secretary:                      Mandy Hogan
 Number of shares:                               1 700 performance shares
 Class of securities:                            Performance shares linked to ordinary shares, in
                                                 terms of the CSP vesting criteria
 Vesting period:                                 Three years for annual award of performance shares
 Deemed value per award:                         R190,21
 Total deemed value:                             R323 357



Pinetown
13 February 2019


Sponsor
One Capital

Date: 13/02/2019 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story