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SPP
SPP
SPP - The Spar Group Limited - Exercise of options and sale
of shares
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR")
EXERCISE OF OPTIONS AND SALE OF SHARES
In compliance with section 3.63 of the Listings Requirements
of the JSE Limited, we hereby advise of the following
directors dealing:
Name of director Rodney Walter Coe
Date of transaction 27 August 2010
Nature of transaction Exercise of options and
subsequent sale of
shares. In terms of the
rules of the SPAR Share
Incentive Scheme.
Class of securities Options in respect of
ordinary shares
Number of options exercised and 53 200 at R 30.36 per
strike price share
26 600 at R 46.22 per
share
Total value of transactions R 2 844 604.00
Vesting date On exercise of the
options
Number of shares sold and selling 79 800 at R 80.00 per
price share
Total value of sale R 6 384 000.00
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
Shareholders are referred to the announcement dated 18 June
2010 and are advised that Mr Coe has sold these shares for
personal reasons and in light of his upcoming retirement.
Pinetown
30 August 2010
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty)
Limited
Date: 30/08/2010 11:44:01 Produced by the JSE SENS Department.
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