| Tue 15 Jun 2010, 14:10 | | LEW - Lewis Group Ltd - Directors Dealings in Securities |
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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 : ZAE 000058236
(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 11 June 2007 (refer to SENS announcement dated 13 June 2007)
have vested on 11 June 2010 as follows:
Share Implied
Executive Designation Awards Value
Vested
A.J. Smart Director, Lewis Group 21 989 R1 304
Ltd 168
J. Enslin Director, Lewis Group 13 639 R808 929
Ltd
L.A. Davies Director, Lewis Group 13 639 R808 929
Ltd
C. Irwin Director, Lewis Stores 10 539 R625 068
(Pty) Ltd
B. van Director, Lewis Stores 10 687 R633 846
Aswegen (Pty) Ltd
D. Loudon Director, Lewis Stores 3 286 R194 893
(Pty) 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 R59.31 at the
close of business on 10 June 2010.
2. Sale of Shares
The directors have sold ordinary shares on 14 June 2010 in order to settle their
tax liability on the awards vested in 1 above and to re-balance their personal
portfolios as follows:
Number
Executive Designation of Price Value
Shares
Sold
A.J. Smart Director, Lewis Group 21 989 59.81 R1 315
Ltd 162
J. Enslin Director, Lewis Group 13 639 59.81 R815 749
Ltd
L.A. Davies Director, Lewis Group 13 639 59.81 R815 749
Ltd
C. Irwin Director, Lewis Stores 4 479 59.81 R267 889
(Pty) Ltd
B. van Director, Lewis Stores 9 993 59.81 R597 681
Aswegen (Pty) Ltd
D. Loudon Director, Lewis Stores 1 397 59.81 R83 555
(Pty) Ltd
The sale of shares was made on the open market. Where the executives have
elected to take transfer of the shares, the transfer will be made off-market.
All the above transactions as set out in 1 to 2 above were for the direct
benefit of the directors. The requisite clearances have been obtained.
Cape Town
Sponsor: UBS South Africa (Pty) Ltd
15 June 2010
Date: 15/06/2010 14:10:02 Produced by the JSE SENS Department.
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