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MASSMART HOLDINGS LIMITED - Notification of Acceptance of Performance Share Awards in terms of the Massmart Holdings Limited Employee Share Plan

Release Date: 03/05/2017 15:44
Code(s): MSM     PDF:  
Wrap Text
Notification of Acceptance of Performance Share Awards 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 Performance Share Awards 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 Performance Share Awards in Massmart securities have been offered at R134.5254, being the 10-
day weighted average price immediately prior to the offer date of 18 April 2017. These were accepted
by Messrs Guy Hayward, Johannes Van Lierop and Joseph Ralebepa in terms of the rules of the
Massmart Holdings Limited Employee Share Plan. Performance Share Awards are offered annually in
April and vest in terms as outlined below.

The awards were accepted on 2 May 2017 by the aforementioned individuals as detailed below:-

Name:                                 Guy Hayward
Position held:                        Chief Executive Officer
Company:                              Massmart Holdings Limited
Nature of Interest:                   Direct/Beneficial
Award of Performance Shares:          0 to 59,147 (subject to Massmart Group performance over each
                                      of the 2017, 2018 and 2019 financial years)
Total value:                          R 7,956,775.97
Vesting date:                         17 March 2020


Name:                                 Johannes Van Lierop
Position held:                        Chief Financial Officer
Company:                              Massmart Holdings Limited
Nature of Interest:                   Direct/Beneficial
Award of Performance Shares:          0 to 46,140 (subject to Massmart Group performance over each
                                      of the 2017, 2018 and 2019 financial years)
Total value:                          R 6,207,003.62
Vesting dates:                        17 March 2020


Name:                                 Joseph Ralebepa
Position held:                        Company Secretary
Company:                              Massmart Holdings Limited
Nature of Interest:                   Direct/Beneficial
Award of Performance Shares:          0 to 64 415 (subject to Massmart Group performance over each
                                      of the 2017, 2018 and 2019 financial years)
Total value:                          R 8,665,455.96
Vesting dates:                        17 March 2020


The above transactions were off-market trades.

Clearance to accept these Performance Share Awards has been given in terms of paragraph 3.66 of the
JSE Limited Listings Requirements.

Johannesburg
3 May 2017

Sponsor
Deutsche Securities (SA) Proprietary Limited

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