| Tue 22 Jun 2010, 15:34 | | LEW - Lewis Group Limited - Directors` dealing in securities |
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LEW
LEW
LEW - Lewis Group Limited - Directors` dealing 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 Co-Investment Scheme - Exercise of Matching Share Awards
In terms of the Lewis Co-Investment Scheme, the matching share awards granted on
19 June 2007 (refer to SENS announcement dated 21 June 2007) were exercised by
the directors on 21 June 2010 as set out below:
Matching Implied
Executive Designation Share Awards Value
Exercised
J. Enslin Director, Lewis Group 15,379 R955 497
Ltd
L.A. Davies Director, Lewis Group 13,840 R859 879
Ltd
B van Director, Lewis Stores 9,904 R615 336
Aswegen (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 R62.13 at the
close of business on 18 June 2010.
2. Sale of Shares
The directors have sold ordinary shares on 21 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:
Executive Designation Number Price Value
of
Shares
J. Enslin Director, Lewis Group 24,606 61.25 R1 507
Ltd 118
L.A. Davies Director, Lewis Group 1,000 61.25 R61 250
Ltd
The sale of the 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
22 June 2010
Date: 22/06/2010 15:34:01 Produced by the JSE SENS Department.
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