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SPP
SPP
SPP - The SPAR Group Limited - Acceptance Of Options By Directors
The SPAR Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1967/001572/06
ISIN: ZAE000058517
Share Code: SPP
ACCEPTANCE OF OPTIONS BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Wayne Allan Hook
Company : The SPAR Group Limited
Date of transaction : 12 November 2008
Nature of transaction : Acceptance of options granted to the
director
Class of securities : Options in respect of ordinary shares
Number of options granted : 100 000
Option strike price : R50.23
Period of exercise : One third on third anniversary, one third
on fourth anniversary and one third on
fifth anniversary
Vesting : On exercise of the options
Total value of transaction : R5 023 000
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Roelof Venter
Company : The SPAR Group Limited
Date of transaction : 12 November 2008
Nature of transaction : Acceptance of options granted to the
director
Class of securities : Options in respect of ordinary shares
Number of options granted : 50 000
Option strike price : R50.23
Period of exercise : One third on third anniversary, one third
on fourth anniversary and one third on
fifth anniversary
Vesting : On exercise of the options
Total value of transaction : R2 511 500
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Rodney Walter Coe
Company : The SPAR Group Limited
Date of transaction : 12 November 2008
Nature of transaction : Acceptance of options granted to the
director
Class of securities : Options in respect of ordinary shares
Number of options granted : 50 000
Option strike price : R50.23
Period of exercise : One third on third anniversary, one third
on fourth anniversary and one third on
fifth anniversary
Vesting : On exercise of the options
Total value of transaction : R2 511 500
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Director : Kevin James O`Brien
Company : The SPAR Group Limited
Date of transaction : 12 November 2008
Nature of transaction : Acceptance of options granted to the
director
Class of securities : Options in respect of ordinary shares
Number of options granted : 20 000
Option strike price : R50.23
Period of exercise : One third on third anniversary, one third
on fourth anniversary and one third on
fifth anniversary
Vesting : On exercise of the options
Total value of transaction : R1 004 600
Nature of
director`s interest : Direct beneficial
Clearance obtained : Yes
Pinetown
12 November 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/11/2008 12:00:01 Produced by the JSE SENS Department.
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