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PFG
PFG
PFG - Pioneer Food Group Limited - Exercise of options and sale of shares
PIONEER FOOD GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/017676/06)
JSE share code: PFG
ISIN: ZAE000118279
("the company")
EXERCISE OF OPTIONS AND SALE OF SHARES
Notice is hereby given, in terms of paragraphs 3.63 to 3.65 of the Listings
Requirements of the JSE Limited, of the following transactions by a the company
secretary of the company in respect of the company`s shares:
Name of company secretary: Thiroshnee Naidoo
Date of transaction: 850 shares on 18 December 2009
362 shares on 18 December 2009
27 657 shares - 3 073 shares on 18
December 2009 and 24 584 shares on 21
December 2009
2 283 shares - 876 shares on 18 December
2009 and 1 407 shares on 21 December 2009
Nature of transaction: Exercise of options and subsequent sale of
shares
Class of securities: Options in respect of ordinary shares
Number of options exercised and 850 shares at R 14.05 per share
option strike price:
362 shares at R 21.86 per share
27 657 shares at R 31.42 per share
2 283 shares at R 25.00 per share
Value of transactions: 850 shares = R 31,450
362 shares = R 13,394
27657 shares = R 1,023,309
2283 shares = R 84,471
Vesting date: On exercise of the options
850 shares = 20% per year from 24 December
2004
362 shares = 20% per year from 25 January
2006
27 657 shares = 20% per year from 12
February 2007
2 283 shares = 20% per year from 26 May
2008
Number of shares sold and selling 850 shares at R 37.00 per share
price:
362 shares at R 37.00 per share
27 657 shares at R 37.00 per share
2 283 shares at R 37.00 per share
Total value of transactions: R 1 152 624.00
Nature and extent of directors` Direct beneficial
interest:
Clearance obtained in terms of
paragraph 3.66 of the Listings Yes
Requirements of the JSE Limited:
Paarl
23 December 2009
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
Date: 23/12/2009 17:39:04 Produced by the JSE SENS Department.
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