LEW
LEW
LEW - Lewis Group Limited - Directors` Dealing in Securities
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE000058236
(Lewis or the "Company")
Directors Dealings in Securities
In compliance with the requirements 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:
The Lewis Executive Performance Scheme
Share awards have been made to members of senior management of Lewis Group
Limited and its trading subsidiary, Lewis Stores (Pty) Ltd. The shares
are provided by the existing employee share trust.
In terms of the scheme, executives have been offered the right to acquire
shares of the company for no consideration subject to the achievement of
performance targets. The performance share plan will be a three year
scheme.
The performance targets are set by the Board in conjunction with the
Remuneration and Nomination Committee. These targets will be set at the
beginning of each of the three years.
No performance shares will accrue if the group achieves less than 90% of
target. Any achievement between 90% and 100% of target will result in a
proportionate accrual of shares weighted towards 100% of target.
The following executives have been granted awards on 11 June 2007 under the
Lewis Executive Performance Scheme:
Maximum Number of
Shares (for no
Executive Designation consideration) Value
A.J. Smart Executive Director - 34 718 R2 240 000
Lewis Group Ltd
L.A. Davies Executive Director - 17 049 R1 100 000
Lewis Group Ltd
J. Enslin Director - Lewis Stores 17 049 R1 100 000
(Pty) Ltd
C.D. Heiberg Director - Lewis Stores 17 049 R1 100 000
(Pty) Ltd
C.P. Irwin Director - Lewis Stores 13 174 R 850 000
(Pty) Ltd
B. van Director - Lewis Stores 13 360 R 862 000
Aswegen (Pty) Ltd
The requisite clearances have been obtained.
Cape Town
13 June 2007
Sponsor: UBS South Africa (Pty) Ltd
Date: 13/06/2007 12:37:13 Produced by the JSE SENS Department.
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