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PICK N PAY STORES LIMITED - Director dealings in securities

Release Date: 06/01/2017 15:50
Code(s): PIK     PDF:  
Wrap Text
Director dealings in securities

Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/008034/06)
Share code: PIK
ISIN: ZAE000005443

DIRECTOR DEALINGS IN SECURITIES

In terms of the Pick n Pay 1997 Employee Share Option Scheme, in October 2011,
400 000 Binary share options were issued to deputy CEO, Richard van Rensburg. As
per the 2016 Integrated Annual Report, the terms have been met and the following
details are disclosed:


 Director:                                       Richard van Rensburg
 Company:                                        Pick n Pay Stores Limited
 Date of transaction:                            6 December 2016
 Nature of transaction:                          Off market exercise of options and
                                                 subsequent off market sale of shares
                                                 pursuant to the vesting and exercise of
                                                 these share options
 Number of securities:                           400 000
 Class of security:                              Ordinary

 Exercise price:                                 R36.55
 Total value:                                    R14 620 000

 Share price:                                    R73.79
 Total value of sale:                            R29 516 000

 Net gain:                                       R14 896 000
 Nature of interest:                             Direct beneficial
 Clearance obtained:                             Yes


Cape Town
6 January 2017

Sponsor: Investec Bank Limited

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