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MASSMART HOLDINGS LIMITED - Notification of Directors dealing in Massmart Holdings Limited securities

Release Date: 12/09/2012 15:10
Code(s): MSM     PDF:  
Wrap Text
Notification of 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: ZAE 0000152617
(“Massmart” or “the Company”)


Notification of 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 a Director of a
subsidiary company of Massmart:

Director:                       Jay Currie
Subsidiary:                     Cambridge Food (Pty) Ltd
Number of securities:           47,888
Class of security:              Ordinary
Nature of interest:             Direct, beneficial
Nature of transaction:          Exercise of Options / Sale of
                                shares
Option Strike date:             24 May 2007
Date of sale:                   10 September 2012
Prior authority to transact:    Obtained

(i)  Nature of transaction:     Exercise of options
     No:                        2,661
     Vesting Periods:           24 May 2012
     Price:                     Weighted Average price: R94.25
(ii) Nature of transaction:     Sale of shares
     No:                        45,227
     Price:                     R166.3653
     Total transaction value:   R 7,966,901.49

The transaction set out above was an on-market trade

Shareholding: The shares sold represent 24.08% 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 150,978 Massmart shares or options.


Johannesburg
12 September 2012

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 12/09/2012 03:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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