MSM - Massmart - Notification Of Director`s Dealin
MSM
MSM
MSM - Massmart - Notification Of Director`s Dealing In Massmart Holdings
Limited Securities
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
Share code: MSM
ISIN: ZAE000029534
("Massmart" or "the Company")
Notification of Director`s dealing in Massmart Holdings Limited securities
In compliance with rule 3.63 to 3.66 of the JSE Listing Requirements, the
following dealings in the securities of Massmart Holdings Limited have taken
place by a director of the Company:
Director: Mark Lamberti
Number of securities: 1,534,537
Class of security: Ordinary
Nature of interest: Indirect / non-beneficial
Nature of transaction: Sale of shares
Date: 22 & 23 May 2007
Price: R94.6546
Total Transaction value: R145,250,965.50
Prior authority to transact: Obtained
Consistent with previous announcements, this sale of a portion of Mr.
Lamberti`s holdings constitutes a portfolio rebalancing, pursuant to his
retirement as CEO on the 30th June 2007 and his appointment as Non-Executive
Chairman on the 1st July 2007. This sale concludes the portfolio
rebalancing and reduces his holding in the company to 500,000 shares (none
of which were options).
The required clearance per section 3.66 of the JSE Listings Requirements was
obtained.
24 May 2007
Johannesburg
Sponsor to Massmart:
Deutsche Securities (SA) (Proprietary) Limited
Date: 24/05/2007 12:12:01 Produced by the JSE SENS Department.
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