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

Release Date: 18/10/2012 13:30
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 an Executive
Committee member and a Director of a subsidiary company of
Massmart:

Subsidiary Director:               Pearl Maphoshe
Subsidiary:                        Masscash Holdings (Pty) Ltd
Number of securities:              16,091
Class of security:                 Ordinary
Nature of interest:                Direct, beneficial
Nature of transaction:             Exercise of Options / Sale
                                   of shares
Option Strike dates:               24 May 2007
Date of sale:                      16 October 2012
Prior authority to transact:       Obtained

    i)    Nature of transaction:   Exercise of options
          No:                      8,456
          Vesting Periods:         24 May 2012
          Price:                   Weighted    Average      price:
                                   R94.25
    ii)   Nature of transaction:   Sale of shares
          No                       16,091
          Price:                   R172.0425
          Total transaction value: R2,768,335.87

The transaction set out above was an on-market trade

Shareholding:The  shares  sold  represent  17.30% of Ms
Maphoshe’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, Ms Maphoshe still holds 76,960 Massmart
shares or options.

Johannesburg
18 October 2012

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 18/10/2012 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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