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DISTRIB. AND WAREHOUSING NETWORK LD - Directors' dealings in securities

Release Date: 02/12/2014 16:15
Code(s): DAW     PDF:  
Wrap Text
Directors' dealings in securities

Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW & ISIN code: ZAE000018834
("DAWN")

Directors’ dealings in securities   –   vesting   of   incentive
scheme LTIP awards

Shareholders are advised that, in terms of paragraph 3.63 to
3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), the awards dated 22 June 2011 in terms of
the DAWN Long Term Incentive Plan ("LTIP") have vested and
were delivered, subject to further restrictions, on 1
December 2014, as follows:

                   Number of shares     Value of Shares
DA Tod               1 744 160           R12,034,704
JAI Ferreira           909 790           R 6,277,551
RD Roos                819 790           R 5,656,551
GD Kotzee              400 000           R 2,760,000
JA Beukes              109 790           R   757,551

Further details:
Date of transaction                     1 December 2014
Type and class of security delivered    Ordinary shares
Nature of interest                      Direct beneficial
Period of vesting                       3 years
Vesting price                           R6.90 (closing price)
Clearance received                      Yes

These awards were made off-market on 22 June 2011 at the 5
days volume weighted average price of R6.28 per share.

Johannesburg
2 December 2014
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

Date: 02/12/2014 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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