MPC - Mr Price Group Limited - Acceptance of options by directors
MPC
MPC
MPC - Mr Price Group Limited - Acceptance of options by directors
Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
ISIN: ZAE 000026951
JSE share code: MPC
ACCEPTANCE OF OPTIONS BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, shareholders are
advised of the following off market acceptances of options in respect of
ordinary shares on 30 November 2010 by directors of Mr Price Group Limited.
The share option scheme approved by shareholders on 3 October 2006 was
designed to be a rolling scheme, such that shares vesting on an annual basis
would be replaced by additional option awards. This transaction represents
the `top up award` for those options vesting on 22 November 2010. The vesting
date for these options is 30 November 2015 and the period of exercise is 7
December 2015 to 28 February 2016.
Director Number of Option Total value of
options granted strike price transaction
Alastair McArthur 250 000 R62.77 R15 692 500
Stuart Bird 90 000 R62.77 R5 649 300
Mark Blair 155 000 R62.77 R9 729 350
Steve Ellis 50 000 R62.77 R3 138 500
The nature of interest for all the directors concerned is direct beneficial
and the grant was authorised by the Remuneration and Nominations Committee and
clearance obtained from the lead director
Durban
2 December 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/12/2010 17:00:01 Produced by the JSE SENS Department.
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