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SPG
SPG
SPG - Super Group Limited - Directors Dealings
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000011334
("Super Group")
GRANTS TO AND ACCEPTANCES OF OPTIONS BY EXECUTIVE DIRECTORS, THE GROUP
COMPANY SECRETARY AND A DIRECTOR OF A MATERIAL SUBSIDIARY UNDER SHARE
INCENTIVE ARRANGEMENTS
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements,
shareholders are advised that the executive directors and the group company
secretary 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 paragraph 3.66 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 2013. The grants are conditional upon the participant remaining
employed during the performance period.
The rights granted to and accepted by the following directors and officers
vest upon confirmation that the performance conditions have been fulfilled.
Name of director Number of Share Appreciation Rights Nature of interest
P Mountford 7 500 000 Direct, beneficial
C Brown 5 500 000 Direct, beneficial
N Redford (1) 1 500 000 Direct, beneficial
P Smith (2) 5 000 000 Direct, beneficial
Total 19 500 000
Date of acceptance 19 August 2010
Nature of transaction Grant and acceptance of Share Appreciation Rights
Class of securities Ordinary shares
Strike price R0.61
Strike date 19 August 2010
Vesting date Following approval by the Remuneration Committee
based on the audited results for the year ended 30
June 2013
(1) N Redford is the Group Company Secretary
(2) P Smith is a director of Super Group Trading (Proprietary) Limited.
Sandton
19 August 2010
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 19/08/2010 17:05:04 Produced by the JSE SENS Department.
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