Acceptances of long term incentives by directors
Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
JSE share code: MRP
(“the Company” or “the Group”)
ACCEPTANCES OF LONG TERM INCENTIVES BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following off-market
acceptances of options and shares in respect of ordinary shares on 1 December 2016 by Directors of Mr Price
The routine long term incentive schemes (LTI’s) were designed to be rolling in nature, such that shares vesting on an
annual basis would be replaced by additional awards. This transaction represents the ‘top up award’ for those LTI’s
vesting in November 2016.
Mr Price Executive Director Share Scheme
Number of options Option strike
Name granted price Total value of transaction
Stuart Bird 388 845 R138.00 R53 660 610
Mark Blair 224 539 R138.00 R30 986 382
Steve Ellis 23 782 R138.00 R3 281 916
Mr Price Executive Forfeitable Share Plan
Total EFSP Share price on Total value of
Name Vanilla award Performance award granted date of offer transaction
Stuart Bird 15 917 15 917 31 834 R138.00 R4 393 092
Mark Blair 9 191 9 191 18 382 R138.00 R2 536 716
Steve Ellis 2 190 2 190 4 380 R138.00 R604 440
The “vanilla” shares vest in 5 years, at a strike price of Rnil, subject to certain employment criteria. The
“performance” shares vest in 5 years, at a strike price of Rnil, subject to the attainment of headline earnings per
share targets linked to the Group’s strategic plan. The shares awarded have been purchased on behalf of the
participants, who receive voting rights and dividends during the vesting period.
The nature of interest for all the persons concerned is direct beneficial and the grant and acceptances were
authorised by the Remuneration and Nominations Committee and clearance obtained from the Chairman.
6 December 2016
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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