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Directors Dealing in Securities: Acceptance of share
appreciation rights and shares
THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Code : TFG
ISIN : ZAE000148466
Directors Dealing in Securities: Acceptance of share
appreciation rights and shares
In compliance with the requirements of paragraphs 3.63 to 3.74
of the JSE Listings Requirements, the following should be noted:
-
Name : A D Murray
Position : Executive director - CEO
Date of Acceptance : 2 June 2016
No. of securities : 119 000
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : A D Murray
Position : Executive director - CEO
Date of Acceptance : 2 June 2016
No. of shares : 54 900
Class : Ordinary shares
Value of transaction: R8 070 300 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 54 900 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : A E ThunstrÖm
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 37 800
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : A E ThunstrÖm
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 17 400
Class : Ordinary shares
Value of transaction : R2 557 800 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 17 400 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : M Mendelsohn
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 32 900
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : M Mendelsohn
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 15 200
Class : Ordinary shares
Value of transaction : R2 234 400 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 15 200 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : D B Gedye
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 32 900
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : D B Gedye
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 15 200
Class : Ordinary shares
Value of transaction : R2 234 400 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 15 200 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : G S Naidoo
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 32 900
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : G S Naidoo
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 15 200
Class : Ordinary shares
Value of transaction : R2 234 400 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 15 200 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : B J Curry
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 32 900
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : B J Curry
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 15 200
Class : Ordinary shares
Value of transaction : R2 234 400 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 15 200 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : M Maritz
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 26 800
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : M Maritz
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 12 400
Class : Ordinary shares
Value of transaction : R1 822 800 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 12 400 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : S A Baird
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 26 800
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : S A Baird
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 12 400
Class : Ordinary shares
Value of transaction : R1 822 800 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 12 400 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : J L Fisher
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of securities : 26 800
Class : Ordinary shares
Price : R142.72
Nature of Transaction: Grant and acceptance of share
appreciation rights in terms of
and subject to the rules of the
company’s 2007 share incentive
scheme
Performance periods : Provided the performance criteria
are met, share appreciation rights
are convertible from the third
anniversary of the grant date
Extent of interest : Direct Beneficial
-
Name : J L Fisher
Position : Director of Foschini Retail Group
(Pty) Ltd
Date of Acceptance : 2 June 2016
No. of shares : 12 400
Class : Ordinary shares
Value of transaction : R1 822 800 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 12 400 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : D van Rooyen
Position : Company secretary
Date of Acceptance : 2 June 2016
No. of shares : 3 800
Class : Ordinary shares
Value of transaction : R558 600 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 3 800 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ and the
requisite performance conditions
are satisfied.
Extent of interest : Direct Beneficial
-
Name : D van Rooyen
Position : Company secretary
Date of Acceptance : 2 June 2016
No. of shares : 1 300
Class : Ordinary shares
Value of transaction : R191 100 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Acceptance of 1 300 TFG shares in
terms of and subject to the rules
of the company’s 2010 share
incentive scheme
Vesting periods : The shares vest on the third
anniversary of the grant date
provided the recipient remains in
the group’s employ.
Extent of interest : Direct Beneficial
-
Name : A D Murray
Position : Executive director - CEO
Date of Acceptance : 2 June 2016
No. of shares : 142 900
Class : Ordinary shares
Value of transaction : R21 006 300 based on the closing
market price on 2 June 2016 of
R147.00
Consideration : Nil
Nature of Transaction: Mr Murray will reach the normal TFG
retirement age of 60 in March 2017.
In terms of an agreement with Mr
Murray to extend his tenure until
at least the completion of the 2018
financial year and for him to
facilitate a smooth transition to
his successor, the TFG Remuneration
committee (Remco) has agreed to
award Mr Murray 142 900 TFG shares
in terms of and subject to the
rules of the company’s 2010 share
incentive scheme. The Remco believes
that the award will maximise the
long-term value of TFG’s business
strategy for shareholders and assist
in attaining the business objectives
for the duration of his extended
tenure.
Vesting periods : This award will vest no earlier than
June 2019 and will be subject to
Mr Murray meeting a number of
objectives set by the Nominations
committee.
Extent of interest : Direct Beneficial
The abovementioned transactions are off-market transactions and
the pre-requisite clearances were obtained.
Cape Town
7 June 2016
SPONSOR
UBS South Africa (Pty) Ltd
Date: 07/06/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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