SPP - The Spar Group Limited - Exercise of options and sale of shares
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 paragraph 3.63 of the JSE Limited Listings Requirements
("Listings Requirements"), we hereby advise of the following dealing by the
company secretary of SPAR:
Name Kevin James O`Brien
Date of transaction 17 January 2011
Nature of transaction Exercise of options in terms of the
rules of the SPAR Share Incentive
Scheme and subsequent sale of shares.
Class of securities Options in respect of SPAR ordinary
shares
Number of options exercised and strike 5 000 at R 58.10 per share
price
Total value of transaction R 290 500.00
Number of shares sold and selling price 5 000 SPAR ordinary shares at R 95.20
per share
Total value of sale R 476 000.00
Nature and extent of directors` interest Direct beneficial
Clearance obtained in terms of paragraph
3.66 of the Listings Requirements Yes
Exercise of options concluded off-market
and sale of shares concluded on-market.
Pinetown
19 January 2011
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 19/01/2011 07:54:01 Produced by the JSE SENS Department.
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