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PICK N PAY STORES LIMITED - Dealing in securities

Release Date: 28/06/2019 12:30
Code(s): PIK     PDF:  
 
Wrap Text
Dealing in securities

Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
Share Code: PIK
ISIN code: ZAE000005443

PICK N PAY STORES LIMITED – DEALING IN SECURITIES

Dealing in securities by executive directors and company secretary: vesting of forfeitable
shares in terms of the Pick n Pay Stores Limited Forfeitable Share Plan. In compliance
with rule 3.63 of the JSE Listings Requirements, the following information is disclosed:

The following participants elected to sell the vested forfeitable shares on-market:

 Executive Director:                         RWP Brasher
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered
 and sold:                                   230 000
 Date of vesting:                            25 June 2019
 Class of shares:                            Ordinary shares
 Date of transaction:                        25 June 2019
 Transaction price per share:                R69.3052
 Total value of shares sold:                 R15 940 196.00
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


 Executive Director:                         RSJ van Rensburg
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered
 and sold:                                   45 000
 Date of vesting:                            25 June 2019
 Class of shares:                            Ordinary shares
 Date of transaction:                        25 June 2019
 Transaction price per share:                R69.3052
 Total value of shares sold:                 R3 118 734.00
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


 Executive Director:                         A Jakoet
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered
 and sold:                                   45 000
 Date of vesting:                            25 June 2019
 Class of shares:                            Ordinary shares
 Date of transaction:                        25 June 2019
 Transaction price per share:                R69.3052
 Total value of shares sold:                 R3 118 734.00
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


 Company Secretary:                           DE Muller
 Nature of transaction:                       Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered
 and sold:                                    7 000
 Date of vesting:                             25 June 2019
 Class of shares:                             Ordinary shares
 Date of transaction:                         25 June 2019
 Transaction price per share:                 R69.3052
 Total value of shares sold:                  R485 136.40
 Nature of interest:                          Direct beneficial
 Clearance obtained:                          Yes


The following participant elected to sell, on-market, sufficient shares to pay tax and
related costs, with the balance of the shares being retained:

 Executive Director:                         SD Ackerman-Berman
 Nature of transaction:                      Nil cost vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:     25 000
 Date of vesting:                            25 June 2019
 Class of shares:                            Ordinary shares
 Price per share:                            R69.3052
 Market value of shares:                     R1 732 630.00
 Number of shares subsequently sold:         11 500
 Date of transaction:                        25 June 2019
 Transaction price per share:                R69.3052
 Value of shares sold:                       R797 009.80
 Number of shares retained:                  13 500
 Value of shares retained:                   R935 620.20
 Nature of interest:                         Direct beneficial
 Clearance obtained:                         Yes


The following participant elected to retain all shares:

 Executive Director:                          JG Ackerman
 Nature of transaction:                       Nil cost of vesting of Forfeitable Share Awards
 Number of forfeitable shares delivered:      25 000
 Date of vesting:                             25 June 2019
 Class of shares:                             Ordinary shares
 Price per share:                             R69.3052
 Market value of shares:                      R1 732 630.00
 Date of transaction:                         25 June 2019
 Transaction price per share:                 R69.3052
 Nature of interest:                          Direct beneficial
 Clearance obtained:                          Yes


The integrated annual report, including the remuneration committee report, was
released on Wednesday, 26 June 2019 and is available for viewing on our website at
www.picknpayinvestor.co.za


By order of the Board
Cape Town
28 June 2019

Sponsor:
Investec Bank Limited

Date: 28/06/2019 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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