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SHF - Steinhoff - Dealing in securities by directors
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration no. 1998/003951/06)
Ordinary share code: "SHF"
ISIN: ZAE000016176
("Steinhoff" or "the group")
Dealing in securities by directors
In compliance with paragraph 3.63 of the Listings Requirements of the JSE
Limited, the board wishes to inform shareholders of the following dealings in
respect of share incentives under the group`s share incentive schemes as
approved by shareholders on 1 December 2003. The rights were and are allocated
at a nominal value of 0.5 cents and will mature on the third anniversary of the
effective date, provided the following performance criteria have been achieved :
(a) a compound growth in headline earnings per share (HEPS) of the company
equal to or exceeding the weighted average growth of the companies included
in and comprising the INDI25 Index (INDI25) over a three-year period from
the effective date; and
(b) the volume weighted average traded share price of the company over the 30
trading days immediately preceding the date of measurement (the measurement
date) to exceed the result of the following formula ({(a-b)/(b)}+1)xc,
where:
a = the INDI25 at the measurement date;
b = the INDI25 at the effective date;
c = the volume weighted average traded price of the company for the 30 trading
days immediately preceding the effective date.
In terms of rights granted on 1 December 2003 as fully disclosed in the notes to
Steinhoff`s Annual reports, shareholders are advised that the following rights
in respect of the following directors and officers of the group have vested:
Name No of shares cents per Total Value
share R
HJK Ferreira # 639,818 1885 12,060,569.30
SJ Grobler # 538,346 1885 10,147,822.10
FP Human 75,830 1885 1,429,395.50
FJ Nel # 627,270 1885 11,824,039.50
H Odendaal * 167,123 1885 3,150,268.55
ST Schmidt * 206,404 1885 3,890,715.40
IM Topping 1,044,700 1885 19,692,595.00
DM van der Merwe # 1,268,392 1885 23,909,189.20
GM van der Merwe * 40,132 1885 756,488.20
CJH van Niekerk* 247,489 1885 4,665,167.65
* Directors of major subsidiaries as defined in paragraph 3.35 of the Listings
requirements
# Includes two tranches
Shareholders are also advised that the following directors and officers have
disposed of the number of shares set out below with a view to settling their
income tax, in respect of the shares which have vested, and other obligations:
Name No of shares cents per Total Value
share R
HJK Ferreira 255,927 1885 4,824,223.95
HJK Ferreira 383,891 2008 7,710,028.46
SJ Grobler 215,338 1885 4,059,121.30
FP Human 30,332 1885 571,758.20
FJ Nel 250,908 1885 4,729,615.80
IM Topping 544,700 2001 10,897,595.02
DM van der Merwe 507,357 1885 9,563,679.45
GM van der Merwe * 16,053 1885 302,599.05
* Directors of major subsidiaries as defined in paragraph 3.35 of the Listings
requirements
Shareholders are furthermore advised of the number of rights granted under the
2006 allocation in respect of the 3 year period commencing from 1 July 2006 (the
effective date) to the following directors and officers:
Name Number of rights
HJK Ferreira 252,090
SJ Grobler 252,090
MJ Jooste 803,912
FJ Nel 171,314
DM van der Merwe 293,288
JHN van der Merwe 535,941
Shareholders are furthermore advised of the number of rights granted under the
2007 allocation in respect of the 3 year period commencing from 1 July 2007 (the
effective date) to the following directors and officers:
Name Number of rights
JNS du Plessis 189,827
HJK Ferreira 249,345
KJ Grove 216,360
SJ Grobler 249,038
FP Human * 80,771
MJ Jooste 794,010
FJ Nel 167,637
H Odendaal * 77,888
ST Schmidt * 115,992
IM Topping 426,442
DM van der Merwe 275,818
GM Van Der Merwe * 58,043
JHN van der Merwe 517,833
CJH van Niekerk * 158,658
* Directors of major subsidiaries as defined in paragraph 3.35 of the Listings
requirements
Clearance has been granted in terms of paragraph 3.66 of the Listings
requirements for all the above transactions.
By Order of the Board
SJ GROBLER
COMPANY SECRETARY
11 December 2007
Sponsor - PSG Capital (Pty) Limited
Date: 12/12/2007 08:30:08 Supplied by www.sharenet.co.za
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