| Thu 2 Jul 2009, 13:35 | | LEW - Lewis Group Limited - Directors` Dealing in Securities |
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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:
1. The Lewis Executive Performance Scheme - Vesting of Share Awards
In terms of the Lewis Executive Performance Scheme, the share awards granted to
the directors on 30 June 2006 (refer to SENS announcement dated 4 July 2006)
have vested on 30 June 2009 as follows:
Share Awards Implied
Executive Designation Vested Value
A.J. Smart Director, Lewis Group Ltd 35,659 R1,711,632
J. Enslin Director, Lewis Stores (Pty) 14,798 R 710,304
Ltd
L.A. Davies Director, Lewis Group Ltd 17,830 R 855,840
B. van Director, Lewis Stores (Pty) 4,956 R 237,888
Aswegen Ltd
C. Irwin Director, Lewis Stores (Pty) 14,086 R 676,128
Ltd
D. Loudon Director, Lewis Stores (Pty) 4,279 R 205,392
Ltd
The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R48,00 at the
close of business on 29 June 2009.
2. The Lewis Co-Investment Scheme - Exercise of Matching Share Awards
In terms of the Lewis Co-Investment Scheme, the matching share awards granted on
30 June 2006 (refer to SENS announcement dated 4 July 2006) were exercised by
the directors on 30 June 2009 as set out below:
Matching Implied
Executive Designation Share Awards Value
Exercised
A.J. Smart Director, Lewis Group Ltd 36,344 R1,744,512
J. Enslin Director, Lewis Stores (Pty) 13,549 R 650,352
Ltd
L.A. Davies Director, Lewis Group Ltd 12,044 R 578,112
The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R48,00 at the
close of business on 29 June 2009.
3. Sale of Shares
The directors have sold ordinary shares on 30 June 2009 in order to settle their
tax liability on the awards vested in 1 and 2 above and to re-balance their
personal portfolios as follows:
Executive Designation Number of Price Value
Shares
A.J. Smart Director, Lewis Group 72,003 48,20 R3,470,545
Ltd
J. Enslin Director, Lewis 74,333 48,20 R3,582,851
Stores (Pty) Ltd
L.A. Davies Director, Lewis Group 37,100 48,20 R1,788,220
Ltd
B. van Director, Lewis 4,956 48,20 R 238,879
Aswegen Stores (Pty) Ltd
C. Irwin Director, Lewis 6,339 48,20 R 305,540
Stores (Pty) Ltd
D. Loudon Director, Lewis 5,279 48,20 R 254,448
Stores (Pty) Ltd
All the transactions as set out in 1 to 3 above were for the direct benefit of
the directors. The requisite clearances have been obtained.
Cape Town
2 July 2009
Sponsor
UBS South Africa (Pty) Ltd
Date: 02/07/2009 13:35:03 Produced by the JSE SENS Department.
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