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SPG
SPG
SPG - Super Group Limited - Dealing in securities by director
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000011334
("Super Group")
DEALING IN SECURITIES BY DIRECTOR AND GRANTS TO AND ACCEPTANCES OF OPTIONS BY
EXECUTIVE DIRECTORS AND A DIRECTOR OF A MATERIAL SUBSIDIARY UNDER SHARE
INCENTIVE ARRANGEMENTS
In compliance with rule 3.63 to 3.66 of the Listings Requirements of the JSE
Limited ("Listings Requirements"), Super Group advises that it has been informed
of the following dealings in its shares:
DEALING IN SECURITIES BY DIRECTOR
Non-Executive Director Neill Davies
Company Super Group
Date of transaction 8 June 2010
Nature of transaction Purchase of shares on market
Nature of interest Direct, beneficial
Details of transaction Purchase of shares by director related entity
- The Neill Davies Family Trust
Class of securities Ordinary shares
Number of shares purchased 1 500 000
Price: R0.603
Total value of transaction R904 500
The required clearance per section 3.66 of the Listings Requirements was
obtained.
GRANTS TO AND ACCEPTANCES OF OPTIONS BY EXECUTIVE DIRECTORS AND A DIRECTOR OF A
MATERIAL SUBSIDIARY UNDER SHARE INCENTIVE ARRANGEMENTS
In compliance with rule 3.63 to 3.66 of the Listings Requirements, shareholders
are advised that executive directors of Super Group and a director of a material
subsidiary of Super Group have, in terms of the Share Appreciation Right Scheme
2005 ("the Scheme"), been granted rights to receive shares which grants have
been accepted.
Shareholder approval of the Scheme was obtained at the 2005 Annual General
Meeting. All rights have conditions attached and are subject to the rules of
the Scheme. The Remuneration Committee approved the grants and the required
clearance in terms of the Listings Requirements was obtained.
The Scheme supports the principle of aligning management and shareholder
interests. Performance conditions governing the vesting of these rights are
intended to be stretching but achievable. The performance conditions are
related to headline earnings per share increasing by 2% per annum above the
Consumer Price Inflation Index over the three year performance period ending
June 2012. The grants are conditional upon the participant remaining employed
during the performance period.
These grants are in terms of the information communicated to shareholders in
Section 7 of the rights offer circular dated 2 November 2009. Acceptance of the
grants was delayed because Super Group was in a continuous closed period from 18
March 2009 to 28 May 2010.
The rights granted to and accepted by the following directors vest upon
confirmation that the performance conditions have been fulfilled.
Name of director Number of Share Appreciation Rights Nature of interest
P Mountford 7 000 000 Direct, beneficial
C Brown 5 000 000 Direct, beneficial
P Smith(1) 5 000 000 Direct, beneficial
Total 17 000 000
Date of acceptance 8 June 2010
Nature of transaction Grant and acceptance of Share Appreciation Rights
Class of securities Ordinary shares
Price R0.45
Vesting date Following approval by the Remuneration Committee
based on the audited results for the year ended 30
June 2012
(1) P Smith is a director of Super Group Trading (Proprietary) Limited.
The required clearance per section 3.66 of the Listings Requirements was
obtained.
Sandton
10 June 2010
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 10/06/2010 17:17:58 Produced by the JSE SENS Department.
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