| Tue 28 Jun 2011, 15:40 | | LEW - Lewis Group Ltd - Directors Dealings in Securities |
|
LEW
LEW
LEW - Lewis Group Ltd - Directors Dealings in Securities
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE000058236
(Lewis or the "Company")
Directors Dealings in Securities
In compliance with the requirements 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:
1. The Lewis Executive Performance Scheme - Vesting of Share Awards
In terms of the Lewis Executive Performance Scheme, the share awards granted to
the directors on 24 June 2008 (refer to SENS announcement dated 26 June 2008)
have vested on 24 June 2011 as follows:
Share Implied
Executive Designation Awards Value
Vested
J. Enslin Director, Lewis Group 28 046 R2 229 657
Ltd
L.A. Davies Director, Lewis Group 28 046 R2 229 657
Ltd
C. Irwin Director, Lewis Stores 21 269 R1 690 886
(Pty) Ltd
B.van Aswegen Director, Lewis Stores 21 775 R1 731 113
(Pty) Ltd
D. Loudon Director, Lewis Stores 6 778 R538 851
(Pty) Ltd
The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R79.50 at the
close of business on 23 June 2011.
2. The Lewis Co-Investment Scheme - Exercise of Matching Share Awards
In terms of the Lewis Co-Investment Scheme, the matching share awards granted on
24 June 2008 (refer to SENS announcement dated 26 June 2008) were exercised by
the directors on 24 June 2011 as set out below:
Matching Share Total
Executive Designation Awards Exercised Value
J. Enslin Director, Lewis 16 345 R1 299 428
Group Ltd
L.A. Davies Director, Lewis 16 345 R1 299 428
Group Ltd
B Van Aswegen Director, Lewis 10 244 R814 398
Stores (Pty) Ltd
The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R79.50 at
the close of business on 23 June 2011.
3. Sale of Shares
The directors have sold ordinary shares on 24 June 2011 in order to settle their
tax liability on the awards vested in 1 and 2 above and to re-balance their
personal portfolios as follows:
Number
Executive Designation of Price Value
Shares
J. Enslin Director, Lewis Group 54 198 79.85 R4 327 710
Ltd
L.A. Davies Director, Lewis Group 29 198 79.85 R2 331 460
Ltd
C. Irwin Director, Lewis Stores 9 039 79.85 R721 764
(Pty) Ltd
B. van Aswegen Director, Lewis Stores 13 608 79.85 R1 086 599
(Pty) Ltd
D. Loudon Director, Lewis Stores 6 778 79.85 R541 223
(Pty) Ltd
All the transactions as set out in 1 to 3 above were for the direct benefit of
the directors. The requisite clearances have been obtained.
Cape Town
28 June 2011
Sponsor:
UBS South Africa (Pty) Ltd
Date: 28/06/2011 15:40:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
