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MPC
MPC
MPC - Mr Price Group Limited - Dealings in securities by directors
Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
ISIN: ZAE000026951
JSE share code: MPC
("the Company")
DEALINGS IN SECURITIES BY DIRECTORS
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 29 November 2011 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 2011. The vesting date for these
options offered is 22 November 2016 and the period of exercise is 29 November
2016 to 20 February 2017.
Director Number of Option Total value of
options granted strike price transaction
Stuart Bird 210 500 R76.49 R16 101 145
Mark Blair 142 600 R76.49 R10 907 474
Steve Ellis 50 000 R76.49 R3 824 500
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.
DEALINGS IN SECURITIES BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director: Alastair McArthur
Company: Mr Price Group Limited
Date of transaction: 29 November 2011
Nature of transaction: Off market exercise of vested options
(vested options lapse if not exercised
within 90 days of vesting) in terms of the
rules of the share option scheme
Class of securities: Options in respect of ordinary shares
Number of options exercised: 327 000
Option strike price: R21.15
Value of transaction: R6 916 050.00
Nature of transaction: On market sale of shares as a result of
the exercise of vested options
Class of securities: Ordinary shares
Dates, prices and number of 204 800 @ R79.5544 on 29 November 2011
shares sold: 122 200 @ R79.2732 on 30 November 2011
Total value of transaction: R25 979 929.74
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: Mark Blair
Company: Mr Price Group Limited
Date of transaction: 29 November 2011
Nature of transaction: Off market exercise of vested options
(vested options lapse if not exercised
within 90 days of vesting) in terms of
the rules of the share option scheme
Class of securities: Options in respect of ordinary shares
Number of options exercised: 117 000
Option strike price: R21.15
Value of transaction: R2 474 550.00
Nature of transaction: On market sale of shares as a result of
the exercise of vested options
Class of securities: Ordinary shares
Dates, prices and number of 56 039 @ R79.5544 on 29 November 2011
shares sold: 33 437 @ R79.2732 on 30 November 2011
Total value of transaction: R7 108 807.93
Nature of interest: Direct beneficial
Clearance obtained: Yes
Nature of transaction: Off market transfer of shares to his
children
Class of securities: Ordinary shares
Date of transfer: 30 November 2011
Number of shares: 1200 (400 shares to each child)
Deemed value*: R79.35
Total deemed value of R95 220.00
transaction:
Name of associates and Kendall Adrienne Blair, Christopher James
relationship with director: Blair and Matthew Ross Blair (daughter
and sons respectively)
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: Steve Ellis
Company: Mr Price Group Limited
Date of transaction: 29 November 2011
Nature of transaction: Off market exercise of vested options
(vested options lapse if not exercised
within 90 days of vesting) in terms of
the rules of the share option scheme
Class of securities: Options in respect of ordinary shares
Number of options exercised: 140 000
Option strike price: R21.15
Value of transaction: R2 961 000.00
Nature of transaction: On market sale of shares as a result of
the exercise of vested options
Class of securities: Ordinary shares
Dates, prices and number of 87 682 @ R79.5544 on 29 November 2011
shares sold: 52 318 @ R79.2732on 30 November 2011
Total value of transaction: R11 122 905.70
Nature of interest: Direct beneficial
Clearance obtained: Yes
*Closing price of the Company`s shares as at 29 November 2011
Durban
30 November 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/11/2011 17:00:15 Produced by the JSE SENS Department.
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