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

Release Date: 28/05/2013 15:15
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)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 000152617
(“Massmart”)

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
Director of Massmart:

Director:                      Ilan Zwarenstein
Company:                       Massmart Holdings Ltd
Number of securities:          15,328
Class of security:             Ordinary
Nature of interest:            Direct, beneficial
Nature of transaction:         Exercise of options / Sale of
                               shares
Option strike dates:           01 April 2008, 26 May 2008,
                               27 May 2009
Date of sale:                  27 May 2013
Prior authority to transact:   Obtained

i) Nature of transaction:      Exercise of options
   No:                         15,328
   Vesting Periods:            01 April 2013, 26 May 2012,
                               27 May 2012, 27 May 2013
   Price:                      Weighted Average Price:
                               R74.05
ii)Nature of transaction:      Sale of shares
   No:                         15,328
   Price:                      R 196.0137
   Total transaction value:    R 3,004,498.00

The transaction set out above was an on-market trade.

Shareholding: The shares sold represent 8.40% of Mr
Zwarenstein’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 Zwarenstein
still holds 167,331 Massmart shares or options.

Johannesburg
28 May 2013

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 28/05/2013 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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