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SPG
SPG
SPG - Super Group Limited - Grants to and acceptances of options by
executive directors, the group company secretary and a director of a
material subsidiary under share incentive arrangements
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000011334
("Super Group")
GRANTS TO AND ACCEPTANCES OF OPTIONS BY EXECUTIVE DIRECTORS, THE GROUP
COMPANY SECRETARY AND A DIRECTOR OF A MATERIAL SUBSIDIARY UNDER SHARE
INCENTIVE ARRANGEMENTS
In compliance with rule 3.63 to 3.66 of the Listings Requirements,
shareholders are advised that the executive directors and the group company
secretary of Super Group and a director of a material subsidiary of Super
Group have, in terms of the Share Appreciation Right Scheme 2005 ("the
Scheme"), been granted rights to receive shares which grants have been
accepted.
All rights have conditions attached and are subject to the rules of the
Scheme. The Remuneration Committee approved the grants and the required
clearance in terms of the Listings Requirements was obtained.
The Scheme supports the principle of aligning management and shareholder
interests. Performance conditions governing the vesting of these rights are
intended to be stretching but achievable. The performance conditions are
related to headline earnings per share increasing by 2% per annum above the
Consumer Price Inflation Index over the three year performance period ending
June 2014. The grants are conditional upon the participant remaining
employed during the performance period.
The rights granted to and accepted by the following directors and officers
vest upon confirmation that the performance conditions have been fulfilled.
Name of director Number of Share Appreciation Rights Nature of interest
P Mountford 7 000 000 Direct, beneficial
C Brown 5 000 000 Direct, beneficial
N Redford (1) 1 000 000 Direct, beneficial
P Smith(2) 3 000 000 Direct, beneficial
Total 16 000 000
Date of acceptance 17 August 2011
Nature of transaction Grant and acceptance of Share Appreciation Rights
Class of securities Ordinary shares
Price R0.78
Vesting date Following approval by the Remuneration Committee
based on the audited results for the year ended 30
June 2014
(1) N Redford is the Group Company Secretary
(2) P Smith is a director of Super Group Trading (Proprietary) Limited.
The required clearance per section 3.66 of the Listings Requirements was
obtained.
Sandton
17 August 2011
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 17/08/2011 15:15:00 Produced by the JSE SENS Department.
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