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

Release Date: 28/02/2017 15:22
Code(s): SPP     PDF:  
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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 dealing in securities by a director of the Company:

Name of director:                                   Mr Wayne Allan Hook
Nature of transaction:                              Exercise of options in terms of the rules of the SPAR
                                                    Group Limited Share Employee Trust 2004
                                                    (“Exercise”) and subsequent sale of shares (“Sale”)
Date of Exercise and Sale:                          24 February 2017
Class of security:                                  Options in respect of SPAR ordinary shares
Number of options exercised and strike price:       80 000 at R46.22 (which expire on 9 March 2017)
Total value of Exercise:                            R3 697 600.00
Number of SPAR ordinary shares sold:                80 000
Price per ordinary share:                           R182.00
Total value of Sale:                                R14 560 000.00
Transactions completed:                             Exercise: off-market
                                                    Sale: on-market
Nature of interest:                                 Direct beneficial
Clearance given in terms of paragraph 3.66:         Yes


Pinetown
28 February 2017

Sponsor
One Capital

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