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THE SPAR GROUP LIMITED - Acceptance of shares by directors

Release Date: 22/02/2021 15:00
Code(s): SPP     PDF:  
Wrap Text
Acceptance of shares by directors

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


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 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:                           16 February 2021
  Nature and extent of interest:                Direct beneficial
  On-market or off-market:                      Off-market
  Clearance obtained:                           Yes


  Name of director:                             Brett Botten
  Number of shares:                             30 500 (10 500 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 equal parts after years three, four and five for
                                                restricted shares
  Deemed value per award:                       R211.59
  Total deemed value:                           R6 453 495.00


  Name of director:                             Mark Godfrey
  Number of shares:                             30 000 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:                       R211.59
  Total deemed value:                           R6 347 700.00



Pinetown
22 February 2021

Sponsor
One Capital

Date: 22-02-2021 03:00:00
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