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LEW
LEW
LEW - Lewis Group Ltd - Directors dealings 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
Share awards have been made to members of senior management of Lewis Group
Limited and its trading subsidiary, Lewis Stores (Pty) Ltd.
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 and being in the employ of the group at date of vesting. The
performance share plan will be a five year scheme.
The performance targets are set by the Board in conjunction with the
Remuneration and Nomination Committee.
One-third of this award would vest at the end of year 3 and a third each at the
end of years 4 and 5, all subject to the performance targets being met and being
in the employ of the group.
The following executives have been granted awards on 17 September 2009 under the
Lewis Executive Performance Scheme:
Maximum Number
Executive Designation of Shares Value
(for no
consideration)
J Enslin Director, Lewis 120 000 6 536 400
Stores (Pty) Ltd
L Davies Director, Lewis 80 000 4 357 600
Stores (Pty) Ltd
D Loudon Director, Lewis 60 000 3 268 200
Stores (Pty) Ltd
B van Director, Lewis 40 000 2 178 800
Aswegen Stores (Pty) Ltd
C Irwin Director, Lewis 40 000 2 178 800
Stores (Pty) Ltd
N Jansen Director, Lewis 40 000 2 178 800
Stores (Pty) Ltd
All the director`s interest in the above transactions are direct beneficial.
The requisite clearances have been obtained.
Cape Town
21 September 2009
Sponsor: UBS South Africa (Pty) Ltd
Date: 21/09/2009 16:55:02 Produced by the JSE SENS Department.
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