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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: 27/11/2019 12:30
Code(s): MSM     PDF:  
 
Wrap Text
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)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
(Massmart or ‘the Company’)


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 R46.1600 being the 10-day weighted
average price immediately prior to the offer date of 13 September 2019. These were accepted by Mr.
Mohammed Abdool Samad in terms of the rules of the Massmart Holdings Limited Employee Share Plan.
Restricted Share Grants are offered annually and vest in terms as outlined below.

The awards were accepted on 26 November 2019 by the aforementioned individual as detailed below:

Name:                                        Mohammed Abdool Samad
Position held:                               Chief Financial Officer
Company:                                     Massmart Holdings Limited
Nature of interest:                          Direct/Beneficial
Grant of Restricted shares:                  142,440
Total value:                                 R6,575,030
Vesting date:                                In equal thirds on 13 September 2022, 2023 and 2024


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 November 2019

Sponsor: JP Morgan Equities South Africa (Pty) Ltd

Date: 27-11-2019 12:30:00
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