SPP - The Spar Group Limited - Exercise of options and sale of shares
SPP
SPP
SPP - The Spar Group Limited - Exercise of options and sale of shares
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR")
EXERCISE OF OPTIONS AND SALE OF SHARES
In compliance with section 3.63 of the Listings Requirements of the JSE Limited,
we hereby advise of the following directors dealing:
Name of director: Rodney Walter Coe
Date of transactions: 22 December 2009
Nature of transaction: Exercise of options and subsequent
sale of shares. In terms of the
rules of the SPAR Share Incentive
Scheme.
Class of securities: Options in respect of ordinary
shares
Number of options exercised and 5 000 at 9.94021 cents per share
strike price: 17 000 at 10.76224 cents per share
23 000 at 13.05818 cents per share
14 000 at 15.10867 cents per share
Total value of transactions: R 744 518-65
Vesting date: On exercise of the options
Number of shares sold and selling price: 38 638 at R 69-75 per share
20 372 at R 69-30 per share
Date of transactions: 23 December 2009
Total value of sales: R 4 106 780-10
Nature and extent of directors` interest Direct beneficial
Clearance obtained in terms of paragraph 3.66
of the Listings Requirements of the Yes
JSE Limited:
Pinetown
23 December 2009
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 23/12/2009 17:36:01 Produced by the JSE SENS Department.
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