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TRU - Truworths International Limited - Exercise of options and sale of shares

Release Date: 07/03/2012 17:48
Code(s): TRU
Wrap Text

TRU - Truworths International Limited - Exercise of options and sale of shares TRUWORTHS INTERNATIONAL LIMITED (Incorporated in the Republic of South Africa) (Registration number 1944/017491/06) JSE Code: TRU: ISIN: ZAE000028296 ("the company") EXERCISE OF OPTIONS AND SALE OF SHARES Notice is hereby given, in terms of paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited, of the following transactions in respect of the company`s shares by a director of a major subsidiary of the company: Name : Emanuel Francis Cristaudo Executive director : Truworths Ltd Date of transaction : 5 March 2012 Nature of transaction : Exercise of options granted on 10 December 2008 in terms of the company`s share incentive scheme, the resulting
acquisition of the company`s shares at a strike price of R32.86 per share for a total purchase price of R247 304.36 and the simultaneous sale of such shares.
Selling price : R81.0168 (vwap); R81.07 (highest); R81.00 (lowest) Number of shares : 7 526 Total selling price : R609 733 Class of shares : Ordinary shares Interest of director : Direct, beneficial Clearance obtained : Yes Transaction : Exercise off market and sale on market 7 March 2012 Sponsor: One Capital Date: 07/03/2012 17:48:29 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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