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Massmart - Executive Committee Member"s dealing in securities

Release Date: 16/11/2006 12:28
Code(s): MSM
Wrap Text

Massmart - Executive Committee Member"s dealing in securities Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1940/014066/06) (Share code: MSM) (ISIN: ZAE000029534) ("Massmart" or "the company") Notification of Executive Committee Member"s dealing in Massmart Holdings Limited securities In compliance with rule 3.63 to 3.74 of the JSE Listing Requirements, the following dealings in the securities of Massmart Holdings Limited have taken place by an Executive Committee Member of the company: Executive Committee Member: S Glendinning Number of securities: 75,000 Class of security: Ordinary Nature of interest: Direct, beneficial Nature of transaction: Sale of shares i) Nature of transaction: Sale of shares Date: 15 November 2006 No: 75,000
Price: R63.0114 Total transaction value: R4,725,855.00 Shareholding: The shares sold represent 29.7% of Mr Glendinning"s Massmart shareholding comprising direct purchases and/or shares acquired in terms of the rules of the Massmart Holdings Limited Employee Share Trust. After the abovementioned sale, Mr Glendinning still holds 177,500 Massmart shares or options. The required clearance per section 3.66 of the JSE Listings Requirements was obtained. 16 November 2006 Johannesburg Sponsor to Massmart: Deutsche Securities (SA) (Proprietary) Limited Date: 16/11/2006 12:28:06 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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