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MASSMART HOLDINGS LIMITED - Notification of acceptance of Restricted Share Grants in terms of the Massmart Holdings Limited Employee Share Plan

Release Date: 05/10/2015 10:00
Code(s): MSM     PDF:  
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Notification of acceptance of Restricted Share Grants in terms of the Massmart Holdings Limited Employee Share Plan

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 acceptance of Restricted Share Grants in terms of the Massmart Holdings Limited
Employee Share Plan

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, we hereby advise
that Restricted Share Grants in Massmart securities have been offered at R111.1354 being the 10-day
weighted average price at the offer date of 15 September 2015 and were accepted by Messrs Guy
Hayward, Johannes Van Lierop and Philip Sigsworth, and Mrs Janis Cheadle in terms of the rules of the
Massmart Holdings Limited Employee Share Plan. These Restricted Share Grants are offered annually in
September and vest in terms as outlined below.

The grants were accepted on 1 October 2015 by the aforementioned individuals as detailed below:-

Name:                           Guy Hayward
Position held:                  Chief Executive Officer
Company:                        Massmart Holdings Limited
Nature of Interest:             Direct/Beneficial
Grant of Restricted Shares:     14,198
Total value:                    R 1,577,900.41
Vesting date:                   In equal thirds on 15 September 2018, 2019 and 2020

Name:                            Johannes Van Lierop
Position held:                   Chief Financial Officer
Company:                         Massmart Holdings Limited
Nature of Interest:              Direct/Beneficial
Grant of Restricted Shares:      12,351
Total value:                     R 1,372,633.33
Vesting dates:                   In equal thirds on 15 September 2018, 2019 and 2020

Name:                            Philip Sigsworth
Position held:                   Company Secretary
Company:                         Massmart Holdings Limited
Nature of Interest:              Direct/Beneficial
Grant of Restricted Shares:      3,670
Total value:                     R 407,866.92
Vesting dates:                   In equal thirds on 15 September 2018, 2019 and 2020

Name:                            Janis Cheadle
Position held:                   Company Secretary
Company:                         Masstores (Pty) Limited
Nature of Interest:              Direct/Beneficial
Grant of Restricted Shares:      1,161
Total value:                     R 129,028.20
Vesting dates:                   In equal thirds on 15 September 2018, 2019 and 2020


The above transactions were off-market trades.

Clearance to accept the Restricted Share Grants has been given in terms of paragraph 3.66 of the JSE
Limited Listings Requirements.


Johannesburg
5 October 2015

Sponsor
Deutsche Securities (SA) Proprietary Limited

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