Sharenet Sites 
Sharenet Sites
Dealing in securities by directors
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 BY DIRECTORS
1. Pick n Pay Stores Limited Forfeitable Share Plan
Dealing in securities by executive directors and company secretary: award of forfeitable
shares in terms of the Pick n Pay Stores Limited Forfeitable Share Plan, which was
approved by shareholders at the General Meeting held on 12 February 2014. The
forfeitable shares are issued at nil cost and may vest, subject to performance conditions
being met over three financial years. The performance conditions are linked to the growth
in headline earnings per share.
In compliance with rule 3.63 of the JSE Listings Requirements, the following information
is disclosed:
Name of director: RWP Brasher
Designation: Chief Executive Officer
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 1 000 000
Acceptance of award: 29 November 2018
Date of vesting: 25 June 2021
Nature of transaction: Off-market allocation of forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of director: RSJ van Rensburg
Designation: Chief Information Officer
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 30 000
Acceptance of award: 29 November 2018
Date of vesting: 25 June 2021
Nature of transaction: Off-market allocation of forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of director: A Jakoet
Designation: Chief Finance Officer
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 30 000
Acceptance of award: 29 November 2018
Date of vesting: 25 June 2021
Nature of transaction: Off-market allocation of forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of director: SD Ackerman-Berman
Designation: Director: Transformation
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 15 000
Acceptance of award: 29 November 2018
Date of vesting: 25 June 2021
Nature of transaction: Off-market allocation of forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of director: JG Ackerman
Designation: Director: Customer Services
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 8 000
Acceptance of award: 29 November 2018
Date of vesting: 25 June 2021
Nature of transaction: Off-market allocation of forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of company secretary: DE Muller
Designation: Company Secretary
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 20 000
Acceptance of award: 29 November 2018
Date of vesting: 25 June 2021
Nature of transaction: Off-market allocation of forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
2. Vesting of share options and binary share options: Director
Executive director, RWP Brasher, was granted share options as detailed below that
subsequently vested in terms of the Pick n Pay Employee Share Incentive Scheme.
These share options were exercised on 29 November 2018 at the strike price disclosed.
Director : RWP Brasher
Company : Pick n Pay Stores Limited
Date of transaction : 29 November 2018
Nature of transaction : Off market exercise of share options
Class of security : Ordinary
Number of share options exercised : 1 000 000
Grant date : 14 November 2012
Vesting date : 14 November 2017
Grant price : R42.24
Share price on exercise date : R74.05
Number of shares taken up and sold : 429 575 (net-settled) – off market
Net value of transaction : R31 810 000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Executive director, RWP Brasher, was granted binary share options as detailed below.
The 20-day VWAP up to and including 14 November 2018 was R69.18. The eligibility
hurdle of R68.03 was thus met and the binary share options vested. The binary share
options were exercised on 29 November 2018 at the strike price disclosed.
Director : RWP Brasher
Company : Pick n Pay Stores Limited
Date of transaction : 29 November 2018
Nature of transaction : Off market exercise of binary share options
Class of security : Ordinary
Number of share options exercised : 1 000 000
Grant date : 14 November 2012
Vesting date : 14 November 2018
Grant price : R42.24
Share price on exercise date : R74.05
Net Value of transaction : R31 810 000.00
Number of shares taken up and sold : 429 575 (net-settled) – off market
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company : Pick n Pay Employee Share Purchase Trust
Date of transaction : 29 November 2018
Nature of transaction : Off market purchase of shares
Class of security : Ordinary
Number of shares purchased : 859 150
Price per share : R74.05
Value of transaction : R63 620 057.50
Nature of interest : Direct beneficial
Clearance obtained : Yes
By order of the board
Cape Town
30 November 2018
Sponsor:
Investec Bank Limited
Date: 30/11/2018 02:00:00 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.
