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MASSMART HOLDINGS LIMITED - Notification of dealings by an associate of a director in Massmart Holdings Limited securities

Release Date: 08/03/2013 16:07
Code(s): MSM     PDF:  
Wrap Text
Notification of dealings by an associate of a director in Massmart Holdings Limited securities

Massmart Holdings Limited:
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 0000152617
(“Massmart”)

Notification of dealings by an associate of a director 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 associate
of an Executive Director of Massmart:

Director:                           Grant Pattison
Company:                            Massmart Holdings Ltd
Number of securities:               100,000
Class of security:                  Ordinary
Nature of interest:                 Indirect, beneficial
Nature of transaction:              Sale of shares
Nature of associate:                The    Pattison    Family
                                    Trust,   of    which   Mr
                                    Pattison is a trustee
                                    and beneficiary.

Prior authority to transact:        Obtained

i)       Date of sale:              05 March 2013
         No                         37,930
         Price:                     R 187.95917
         Total transaction value:   R 7,129,291.32

ii)      Date of sale:              06 March 2013
         No                         36,047
         Price:                     R 187.67725
         Total transaction value:   R 6,765,201.83

iii)     Date of sale:              07 March 2013
         No                         6,000
         Price:                     R 187.00
         Total transaction value:   R 1,122,000.00

iv)      Date of sale:              08 March 2013
         No                         20,023
         Price:                     R 187.00
         Total transaction value:   R 3,744,301.00
The transactions set out above were on-market trades.

Shareholding: The shares sold represent 11.09% of Mr
Pattison’s    Massmart   shareholding    comprising  direct
purchases and/or shares and share options acquired in terms
of the rules of the Massmart Holdings Limited Employee
Share Trust.    After the abovementioned sale, Mr Pattison
still holds 802,076 Massmart shares or options.

Johannesburg
8 March 2013

Sponsor: Deutsche Securities (SA) Proprietary Limited

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