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GROUP FIVE LIMITED - Dealing in securities by directors and directors of a major subsidiary

Release Date: 28/05/2014 10:26
Code(s): GRF     PDF:  
Wrap Text
Dealing in securities by directors and directors of a major subsidiary

Group Five Limited
(Registration number: 1969/000032/06)
(Incorporated in the Republic of South Africa)
Share Code: GRF      ISIN Code: ZAE 000027405
("Group Five")

DEALING IN SECURITIES BY DIRECTORS AND DIRECTORS OF A
MAJOR SUBSIDIARY

In terms of paragraph 3.63 - 3.65 of the JSE Limited
Listings   Requirements,   the    following information,
relating to the dealing in securities by directors of
major subsidiaries, is disclosed:

Executive Director:          MR Upton
Position held:               Chief Executive Officer
Transaction date:            27 May 2014

Number of share              33 392
allocation rights:
Strike price:                R40.68 per share allocation
                             right
Transaction value:           R1 358 386.56
Nature of                    Grant and acceptance of share
transaction:                 allocation rights under the
                             Group Five Long Term
                             Incentive Plan (off market)
Vesting periods:             Annually in 33%, 33% and 34%
                             portions from the third
                             anniversary of the grant date
Extent of interest:          Direct beneficial
Written clearance            Yes
obtained:



Number of shares:            29 218
Strike price:                R40.68 per share
Transaction value:           R1 188 588.24
Nature of                    Grant and acceptance of
transaction:                 performance share award under
                             the Group Five Long Term
                             Incentive Plan (off market)
Vesting period:              The third anniversary of the
                             grant date
Extent of interest:          Direct beneficial
Written    clearance         Yes
obtained:
Number of shares:            8 208
Strike price:                R40.68 per share
Transaction   value:         R333 901.44
Nature of                    Grant and acceptance of bonus
transaction:                 share award under the Group
                             Five Long Term Incentive Plan
                             (off market)
Vesting period:              The third anniversary of the
                             grant date
Extent of interest:          Direct beneficial
Written    clearance         Yes
obtained:


Executive Director:         CM Teixeira
Position held:              Chief Financial Officer
Transaction date:           27 May 2014

Number of share             22 026
allocation rights:
Strike price:               R40.68 per share allocation
                            right
Transaction value:          R896 017.68
Nature of                   Grant and acceptance of share
transaction:                allocation rights under the
                            Group Five Long Term
                            Incentive Plan (off market)
Vesting periods:            Annually in 33%, 33% and 34%
                            portions from the third
                            anniversary of the grant date
Extent of interest:         Direct beneficial
Written clearance           Yes
obtained:



Number of shares:           12 802
Strike price:               R40.68 per share
Transaction   value:        R520 785.36
Nature of                   Grant and acceptance of
transaction:                performance share award under
                            the Group Five Long Term
                            Incentive Plan (off market)
Vesting period:             The third anniversary of the
                            grant date
Extent of interest:         Direct beneficial
Written    clearance        Yes
obtained:
Number of shares:           4 745
Strike price:               R40.68 per share
Transaction   value:        R193 026.60
Nature of                   Grant and acceptance of bonus
transaction:                share award under the Group
                            Five Long Term Incentive Plan
                            (off market)
Vesting period:             The third anniversary of the
                            grant date
Extent of interest:         Direct beneficial
Written    clearance        Yes
obtained:



Executive Director:         P Le Sueur
Office held:                Director of a major
                            subsidiary
Name of Company:            Group Five Construction
                            Proprietary Limited
Transaction date:           27 May 2014

Number of share             23 599
allocation rights:
Strike price:               R40.68 per share allocation
                            right
Transaction value:          R 960 007.32
Nature of                   Grant and acceptance of share
transaction:                allocation rights under the
                            Group Five Long Term
                            Incentive Plan (off market)
Vesting periods:            Annually in 33%, 33% and 34%
                            portions from the third
                            anniversary of the grant date
Extent of interest:         Direct beneficial
Written clearance           Yes
obtained:



Number of shares:          13 717
Strike price:              R40.68 per share
Transaction   value:       R 558 007.56
Nature of                  Grant and acceptance of
transaction:               performance share award under
                           the Group Five Long Term
                           Incentive Plan (off market)
Vesting period:            The third anniversary of the
                           grant date
Extent of interest:        Direct beneficial
Written    clearance       Yes
obtained:
Number of shares:           4 684
Strike price:               R40.68 per share
Transaction   value:        R 190 545.12
Nature of                   Grant and acceptance of bonus
transaction:                share award under the Group
                            Five Long Term Incentive Plan
                            (off market)
Vesting period:             The third anniversary of the
                            grant date
Extent of interest:         Direct beneficial
Written    clearance        Yes
obtained:



Executive Director:         WI Zeelie
Office held:                Director of a major
                            subsidiary
Name of Company:            Group Five Construction
                            Proprietary Limited
Transaction date:           27 May 2014

Number of shares:           4 556
Exercise price per share:   R43.16
Deemed transaction value:   R196 636.96
Nature of transaction:      Exercise of 21 543
                            share appreciation
                            rights under the Group
                            Five Share Appreciation
                            Rights Scheme, with a
                            strike price of R34.09
                            and settled by the
                            delivery of 4 556 Group
                            Five ordinary shares in
                            terms of a set
                            formula(off market)
Extent of interest:         Direct beneficial
Written clearance           Yes
obtained:
Number of shares:           6 919
Exercise price per share:   R43.16
Deemed transaction value:   R298 624.04
Nature of transaction:      Exercise of 19 196
                            share appreciation
                            rights under the Group
                            Five Share Appreciation
                            Rights Scheme, with a
                            strike price of R27.70
                            and settled by the
                            delivery of 6 919 Group
                            Five ordinary shares in
                            terms of a set
                            formula(off market)
Extent of interest:         Direct beneficial
Written clearance           Yes
obtained:




Johannesburg
28 May 2014

Sponsor
Nedbank Capital

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