SUPER GROUP LIMITED - DEALING IN SECURITIES BY DIRECTORS, GROUP COMPANY SECRETARY AND DIRECTORS OF MAJOR SUBSIDIARIES

Release Date: 30/08/2018 09:30
Code(s): SPG
 
Wrap Text
DEALING IN SECURITIES BY DIRECTORS, GROUP COMPANY SECRETARY AND DIRECTORS OF MAJOR SUBSIDIARIES

Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
(“Super Group”)

DEALING IN SECURITIES BY DIRECTORS, GROUP COMPANY SECRETARY AND DIRECTORS OF
MAJOR SUBSIDIARIES

  In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings
  Requirements (“Listings Requirements”), shareholders are advised that the
  executive directors, the Group Company Secretary of Super Group and
  directors of major subsidiaries of Super Group have, in terms of the
  Share Appreciation Right Scheme 2005 (“the Scheme”), been granted share
  appreciation rights (“SARS”) to receive shares which grants have been
  accepted.

  Shareholder approval of the Scheme was obtained at the 2005 Annual
  General Meeting. All SARS have conditions attached and are subject to
  the rules of the Scheme. The Remuneration Committee approved the grants
  and the required clearance in terms of the Listings Requirements was
  obtained.

  The Scheme supports the principle of aligning management and shareholder
  interests. Performance conditions governing the vesting of these SARS
  are intended to be stretching but achievable. The performance conditions
  are related to headline earnings per share increasing by 2% per annum
  above the Consumer Price Inflation Index over the three year performance
  period ending June 2021. The grants are conditional upon the participant
  remaining employed during the performance period.

  The SARS granted to and accepted by the following directors and officers
  vest upon confirmation that the performance conditions have been
  fulfilled.

   Name of                 Number of        Nature of
   director                     SARS        interest
   P Mountford             1 200 000   Direct, beneficial
   C Brown                   650 000   Direct, beneficial
   N Redford (1)              70 000   Direct, beneficial
   P Smith(2)                400 000   Direct, beneficial
   J Matlakala (3)            10 000   Direct, beneficial
   Total                   2 330 000

   Date of acceptance      28 August 2018
   Nature of transaction   Grant and acceptance of SARS
   Class of securities     Ordinary shares
   Strike Price            R35.3700
   Vesting date            Following approval by the Remuneration
                           Committee based on the audited results for the
                           year ending 30 June 2021

  (1) N Redford is the Group Company Secretary
  (2) P Smith is a director of Super Group Trading Proprietary Limited.
  (3) J Matlakala is a director of Super Group Holdings Proprietary
      Limited.

Sandton
30 August 2018

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 30/08/2018 09:30:00 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