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LEW - Lewis Group Limited - Directors Dealings in Securities

Release Date: 12/06/2012 16:00
Code(s): LEW
Wrap Text

LEW - Lewis Group Limited - Directors Dealings in Securities Lewis Group Limited Reg. No. 2004/009817/06 JSE Share Code: LEW ISIN: ZAE000058236 ("Lewis" or the "Company") Directors Dealings in Securities In compliance with the requirements 3.63 to 3.74 of the JSE Listings Requirements, the following should be noted: 1. The Lewis Executive Performance Scheme - Vesting of Share Awards In terms of the Lewis Executive Performance Scheme, the share awards granted to the directors on 10 June 2009 (refer to SENS announcement dated 12 June 2009) have vested on 10 June 2012 as follows: Share Awards Implied Executive Designation Vested Value J. Enslin Director, Lewis Group 34 669 R2 603 295 Ltd L.A. Davies Director, Lewis Group 34 782 R2 611 780 Ltd C. Irwin Director, Lewis Stores 20 154 R1 513 364 (Pty) Ltd D. Loudon Director, Lewis Stores 17 815 R1 337 728 (Pty) Ltd N. Jansen Director, Lewis Stores 21 337 R1 602 195 (Pty) Ltd The awards were acquired for no consideration and are in respect of ordinary shares. The implied value was calculated using the share price of R75.09 at the close of business on 8 June 2012. 2. The Lewis Co-Investment Scheme - Exercise of Matching Share Awards In terms of the Lewis Co-Investment Scheme, the matching share awards granted on 10 June 2009 (refer to SENS announcement dated 12 June 2009) were exercised by the directors on 10 June 2012 as set out below: Matching Share Total Executive Designation Awards Exercised Value J. Enslin Director, Lewis Group 13 924 R1 045 Ltd 553 L.A. Davies Director, Lewis Group 12 995 R975 795 Ltd D. Loudon Director, Lewis Stores 5 425 R407 363 (Pty) Ltd N. Jansen Director, Lewis Stores 1 337 R100 395 (Pty) Ltd The awards were acquired for no consideration and are in respect of ordinary shares. The implied value was calculated using the share price of R75.09 at the close of business on 8 June 2012. 3. Sale of Shares The directors have sold ordinary shares on 11 and 12 June 2012 in order to settle their tax liability on the awards vested in 1 and 2 above and to re- balance their personal portfolios as follows: Number of Executive Designation Shares Price Value J. Enslin Director, Lewis Group Ltd 56 947 R74.55 R4 245 399 L.A. Davies Director, Lewis Group Ltd 26 000 R74.55 R1 938 300
C. Irwin Director, Lewis Stores 8 465 R74.55 R631 066 (Pty) Ltd D. Loudon Director, Lewis Stores 30 118 R74.61 R2 247 (Pty) Ltd 104
N. Jansen Director, Lewis Stores 23 476 R74.55 R1 750 (Pty) Ltd 136 The sale of shares was made on the open market. Where executives have elected to take transfer of the shares, the transfer will be made off-market. All the transactions as set out in 1 to 3 above were for the direct benefit of the directors. The requisite clearances have been obtained. Cape Town 12 June 2012 Sponsor: UBS South Africa (Pty) Ltd Date: 12/06/2012 16:00:05 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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