TRUWORTHS INTERNATIONAL LIMITED - Dealings in the companys securities

Release Date: 08/03/2018 17:37
Code(s): TRU
 
Wrap Text
Dealings in the company’s securities

TRUWORTHS INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
JSE Code: TRU; NSX Code: TRW; ISIN: ZAE000028296
(“the company”)

DEALINGS IN THE COMPANY’S SECURITIES

Notice is hereby given, in terms of paragraphs 3.63 to 3.65 of the Listings Requirements of the
JSE Limited, of the below transactions in respect of the company’s shares by executive directors
and the company secretary of the company and by executive directors of a major subsidiary of the
company (collectively “the participants”).

All awards of shares (in which the interests of all the participants are direct and beneficial) are
subject to performance conditions (unless otherwise noted), were accepted on 8 March 2018, are
pursuant to the company’s 2012 share plan, vest over 4 or 5 year periods at the percentages per
annum specified below, relate to the ordinary shares of the company, were made at a volume
weighted average price of R103.65 per share, have received the prescribed clearance and took
place off-market.

Name of director                             :   Michael Samuel Mark
Chief Executive Officer of                   :   Truworths International Limited
Nature of transaction                        :   Performance shares accepted
Number of shares                             :   144 718
Total value                                  :   R15 000 000
Vesting profile (% pa)                       :   0%, 0%, 0%, 40%, 60%

Name of director                             :   David Brian Pfaff
Chief Financial Officer of                   :   Truworths International Limited
Nature of transaction                        :   Performance shares accepted
Number of shares                             :   48 240
Total value                                  :   R5 000 000
Vesting profile (% pa)                       :   0%, 0%, 0%, 40%, 60%

Name of director                             :   Douglas Norman Dare
Executive Director of                        :   Truworths International Limited
Nature of transaction                        :   Performance shares accepted
Number of shares                             :   24 120
Total value                                  :   R2 500 000
Vesting profile (% pa)                       :   0%, 0%, 0%, 40%, 60%

Name of director                             :   Sarah Jane Proudfoot
Director of                                  :   Truworths Limited
Nature of transaction                        :   Performance shares accepted
Number of shares/rights                      :   19 296 shares
Total value                                  :   R2 000 000
Vesting profile (% pa)                       :   0%, 0%, 0%, 40%, 60%

Name of director                             :   Sean Christopher Furlong
Director of                                  :   Truworths Limited
Nature of transaction                        :   Performance shares accepted
Number of shares                             :   19 296
Total value                                  :   R2 000 000
Vesting profile (% pa)                       :   0%, 0%, 0%, 100%

Name of company secretary                    :   Christopher Durham
Company secretary of                         :   Truworths International Limited
Nature of transaction                        :   Performance shares/restricted shares accepted
Number of shares                             :   1 930 performance shares; 1930 restricted shares
Total value                                  :   R400 000 (R200 000 each performance/restricted)
Vesting profile (% pa)                       :   0%, 0%, 0%, 100%


Cape Town
8 March 2018

Sponsor in South Africa
One Capital

Sponsor in Namibia
Merchantec Capital

Date: 08/03/2018 05:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story