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SHP - Shoprite Holdings Limited - Dealing in securities by a non-executive

Release Date: 25/10/2011 17:39
Code(s): SHP
Wrap Text

SHP - Shoprite Holdings Limited - Dealing in securities by a non-executive director Shoprite Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1936/007721/06) ISIN no: ZAE 000012084 JSE share code: SHP ("Shoprite") DEALING IN SECURITIES BY A NON-EXECUTIVE DIRECTOR In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Director Dr C H Wiese Office Held Non-executive Chairman Date transactions effected 25 October 2011 Interest Indirect beneficial interest through Titan Share Dealers (Pty) Ltd,
an associate of Dr Wiese, and a company in which Dr Wiese is a director and shareholder ("TSD") Nature of transactions Purchase of OTC equity derivative put options with a bank over ordinary shares in Shoprite ("SHP shares"), for the purpose of providing security for funding utilised by TSD & fellow
subsidiaries to acquire an interest in Brait SA pursuant to a capital raising exercise, final details of which were announced on SENS by Brait SA on 6 July
2011 Terms of transactions (i) Bought put options over SHP shares with expiry of 28 February 2014: - 1,100,000 shares at strike
R87.90/share - 1,100,000 shares at strike R90.90/share - 1,100,000 shares at strike
R93.90/share (ii) Bought put options over SHP shares with expiry of 30 May 2014: - 1,100,000 shares at strike
R87.90/share - 1,100,000 shares at strike R90.90/share - 1,100,000 shares at strike
R93.90/share (iii) Bought put options over SHP shares with expiry of 29 August 2014: - 1,100,000 shares at strike
R87.90/share - 1,100,000 shares at strike R90.90/share - 1,100,000 shares at strike
R93.90/share (iv) Bought put options over SHP shares with expiry of 28 November 2014: - 1,100,000 shares at strike
R87.90/share - 1,100,000 shares at strike R90.90/share - 1,100,000 shares at strike
R93.90/share The security value of the put options equals R1.2 billion. Clearance to deal received Yes Cape Town 25 October 2011 Sponsor Nedbank Capital Date: 25/10/2011 17:39:01 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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