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PICK N PAY STORES LIMITED - Dealings in Securities

Release Date: 21/11/2017 13:00
Code(s): PIK     PDF:  
Wrap Text
Dealings in Securities

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

PICK N PAY STORES LIMITED – DEALING IN SECURITIES

Dealing in securities by executive directors and company secretary: award of
forfeitable shares in terms of the Pick n Pay Stores Limited Forfeitable Share
Plan, which was approved by shareholders at the General Meeting held on 12
February 2014. The forfeitable shares are issued at nil cost and may vest,
subject to performance conditions being met over three financial years. The
performance conditions are linked to the growth in headline earnings per share.

In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:

Name of director:                      RWP Brasher
Designation:                           Chief Executive Officer
Name of company:                       Pick n Pay Stores Limited
Number of forfeitable shares:          400 000
Acceptance of award:                   20 November 2017
Date of vesting:                       25 June 2020
Nature of transaction:                 Off-market allocation of forfeitable shares
Nature of interest:                    Direct beneficial
Clearance obtained:                    Yes


Name of director:                      RSJ van Rensburg
Designation:                           Deputy Chief Executive Officer
Name of company:                       Pick n Pay Stores Limited
Number of forfeitable shares:          140 000
Acceptance of award:                   20 November 2017
Date of vesting:                       25 June 2020
Nature of transaction:                 Off-market allocation of forfeitable shares
Nature of interest:                    Direct beneficial
Clearance obtained:                    Yes


Name of director:                      A Jakoet
Designation:                           Chief Finance Officer
Name of company:                       Pick n Pay Stores Limited
Number of forfeitable shares:          140 000
Acceptance of award:                   20 November 2017
Date of vesting:                       25 June 2020
Nature of transaction:                 Off-market allocation of forfeitable shares
Nature of interest:                    Direct beneficial
Clearance obtained:                    Yes


Name of director:                      SD Ackerman-Berman
Designation:                           Director: Transformation
Name of company:                       Pick n Pay Stores Limited
Number of forfeitable shares:          80 000
Acceptance of award:                   20 November 2017
Date of vesting:                       25 June 2020
Nature of transaction:                 Off-market allocation of forfeitable shares
Nature of interest:                    Direct beneficial
Clearance obtained:                    Yes


Name of director:                      JG Ackerman
Designation:                           Director: Customer Services
Name of company:                       Pick n Pay Stores Limited
Number of forfeitable shares:          40 000
Acceptance of award:                   20 November 2017
Date of vesting:                       25 June 2020
Nature of transaction:                 Off-market allocation of forfeitable shares
Nature of interest:                    Direct beneficial
Clearance obtained:                    Yes


Name of company secretary:             DE Muller
Designation:                           Company Secretary
Name of company:                       Pick n Pay Stores Limited
Number of forfeitable shares:          40 000
Acceptance of award:                   20 November 2017
Date of vesting:                       25 June 2020
Nature of transaction:                 Off-market allocation of forfeitable shares
Nature of interest:                    Direct beneficial
Clearance obtained:                    Yes


By order of the board
Cape Town
21 November 2017

Sponsor:

Investec Bank Limited

Date: 21/11/2017 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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