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MSM - Massmart Holdings Limited - Notification of Executive Committee Member`s

Release Date: 22/09/2010 13:57
Code(s): MSM
Wrap Text

MSM - Massmart Holdings Limited - Notification of Executive Committee Member`s and Subsidiary Director`s dealing in Massmart Holdings Limited 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 and Subsidiary Director`s dealing in Massmart Holdings Limited securities In compliance with rule 3.63 to 3.66 of the JSE Listing Requirements, the following dealings in the securities of Massmart Holdings Limited have taken place by an Executive Committee Member and Subsidiary Director of the Company: Executive Committee Member and Subsidiary Director: Jay Currie Subsidiary: Masscash Number of securities: 19,810 Class of security: Ordinary Nature of interest: Direct, beneficial Nature of transaction: Exercise of options/Sale of shares Option Strike date: 23 May 2006, 24 May 2007 Date: 21 September 2010 Prior authority to transact: Obtained Nature of transaction: Exercise of options No: 19,810 Vesting Periods: 23 May 2008, 23 May 2009, 23 May 2010 24 May 2009, 24 May 2010 Price: Weighted Average price: R76.12 Nature of transaction: Sale of shares No: 19,810 Price: R 133.047 Total transaction value: R 2,635,661.07 The transactions set out above were on-market trades. Shareholding: The shares sold represent 4.92% of Mr Currie`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 Currie still holds 383,074 Massmart shares or options. 22 September 2010 Johannesburg Sponsor to Massmart: Deutsche Securities (SA) (Proprietary) Limited Date: 22/09/2010 13:57:01 Supplied by www.sharenet.co.za 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.

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