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THE SPAR GROUP LIMITED - Exercise of options and sale of shares by a director

Release Date: 14/07/2015 11:05
Code(s): SPP     PDF:  
Wrap Text
Exercise of options and sale of shares by a director

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR" or the “Company”)

EXERCISE OF OPTIONS AND SALE OF SHARES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, SPAR
shareholders are hereby advised of the following dealings in securities by a director of the Company:

Name of director:                                 Mr Roelf Venter
Date of transaction:                              13 July 2015
Nature of transaction:                            Exercise of options in terms of the rules of the SPAR
                                                  Share Incentive Scheme (“Exercise”) and subsequent
                                                  sale of shares (“Sale”).
Class of security:                                Options in respect of SPAR ordinary shares
Number of options exercised and strike price:     50 000 at R46.22
Total value of Exercise:                          R2 311 000.00
Number of SPAR ordinary shares sold:              50 000
Price per ordinary share:                         Various different trades with the following price
                                                  information:
                                                       - volume weighted average price of R193.2151;
                                                       - highest price of R195.05; and
                                                       - lowest price of R191.09
Value of sale:                                    R9 660 755.00
Transaction completed:                            Exercise: off-market
                                                  Sale: on-market
Nature of interest:                               Direct beneficial
Clearance given in terms of paragraph 3.66:       Yes


Pinetown
14 July 2015

Sponsor
One Capital

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