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TFG
TFG
TFG - The Foschini Group Ltd - Director Dealing in Securities: Acceptance of
shares
THE FOSCHINI GROUP LTD
(Formerly Foschini Ltd)
Reg. No.: 1937/009504/06
Code : TFG
ISIN :ZAE000148466
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Director Dealing in Securities: Acceptance of shares
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As part of Mr Murray`s service contract as CEO, he is entitled to and has
accepted to receive shares in TFG to the value of R20 million. These shares
will vest on the third anniversary of the grant date, on condition that he
remains in the employ of the group. In compliance with the requirements of
paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following should
be noted:
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Name : A D Murray
Position : Executive director - CEO
Date of Acceptance : 1 June 2011
Class : Ordinary shares
No. of shares : This represents approximately 229 621 shares based
on the closing market price on 31 May 2011 of
R87,10
Value of transaction: R20 million
Consideration : Nil
Nature of Transaction: Acceptance of TFG shares to the value of R20
million in terms of and subject to the rules of
the company`s 2010 share incentive scheme
Vesting periods: The shares vest on the third anniversary of the
grant date, on condition that Mr A D Murray
remains in the group`s employ.
Extent of interest : Direct Beneficial
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The abovementioned transaction is an off-market transaction and the pre-
requisite clearance has been obtained.
Cape Town
1 June 2011
SPONSOR
UBS South Africa (Pty) Ltd
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ENDS
Date: 01/06/2011 16:00:01 Produced by the JSE SENS Department.
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