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Directors’ Dealing in Securities
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE 000058236
(Lewis or the “Company”)
Lewis Group Limited – Directors’ Dealing in Securities
In compliance with the requirements 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:
1. The Lewis Long Term and Short Term Executive Performance Scheme
In terms of the scheme, executives have been offered the right to
acquire shares of the company for no consideration subject to the
achievement of performance targets. The share awards under this
scheme will lapse, should the executive terminate his or her
employment before the completion of the period of the award other
than in the event of death, ill-health, retirement or retrenchment.
The Remuneration Committee have agreed to grant the executives a
three year award (ie. a short term award) under this scheme.
The performance targets are set by the Remuneration Committee at the
beginning of the each of the 3 years and are based on a weighting set
for each executive depending on their daily employment
responsibilities, of the following:
- Headline earnings per share
- Quality of the debtors book
- Gross margin
As is the usual practice of the group, the annual performance targets
set for the year are reported in the Annual Integrated Report for the
following year.
The following executives have been granted awards on 01 June 2017
under the Lewis Long Term and Short Term Executive Performance
Scheme:
Maximum No. of
Executive Designation Shares (for no Value
consideration)
Executive Director, Lewis
J. Enslin 219,498 R 7,149,050
Group Limited
Executive Director, Lewis
L.A. Davies 168,193 R 5,478,046
Group Ltd
Director, Lewis Stores
D. Loudon 112,729 R 3,671,584
(Pty) Ltd
Director, Lewis Stores
W. Achmat 111,166 R 3,620,677
(Pty) Ltd
Director, Lewis Stores
R. Oliphant 99,902 R 3,253,808
(Pty) Ltd
Director, Lewis Stores
J. Bestbier 119,107 R 3,879,315
(Pty) Ltd
The above values are deemed values based on a market price of R32.57
calculated in terms of the rules of the scheme.
All the directors interest in the above transactions are direct
beneficial. The transactions took place off-market and the requisite
clearances have been obtained.
Cape Town
06 June 2017
Sponsor: UBS South Africa (Pty) Ltd
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