| Tue 12 Jun 2012, 16:00 | | LEW - Lewis Group Limited - Directors Dealings in Securities |
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LEW
LEW
LEW - Lewis Group Limited - Directors Dealings in Securities
Lewis Group Limited
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 10 June 2009 (refer to SENS announcement dated 12 June 2009)
have vested on 10 June 2012 as follows:
Share Awards Implied
Executive Designation Vested Value
J. Enslin Director, Lewis Group 34 669 R2 603 295
Ltd
L.A. Davies Director, Lewis Group 34 782 R2 611 780
Ltd
C. Irwin Director, Lewis Stores 20 154 R1 513 364
(Pty) Ltd
D. Loudon Director, Lewis Stores 17 815 R1 337 728
(Pty) Ltd
N. Jansen Director, Lewis Stores 21 337 R1 602 195
(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 R75.09 at the
close of business on 8 June 2012.
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
10 June 2009 (refer to SENS announcement dated 12 June 2009) were exercised by
the directors on 10 June 2012 as set out below:
Matching Share Total
Executive Designation Awards Exercised Value
J. Enslin Director, Lewis Group 13 924 R1 045
Ltd 553
L.A. Davies Director, Lewis Group 12 995 R975 795
Ltd
D. Loudon Director, Lewis Stores 5 425 R407 363
(Pty) Ltd
N. Jansen Director, Lewis Stores 1 337 R100 395
(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 R75.09 at
the close of business on 8 June 2012.
3. Sale of Shares
The directors have sold ordinary shares on 11 and 12 June 2012 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 of
Executive Designation Shares Price Value
J. Enslin Director, Lewis Group Ltd 56 947 R74.55 R4 245
399
L.A. Davies Director, Lewis Group Ltd 26 000 R74.55 R1 938
300
C. Irwin Director, Lewis Stores 8 465 R74.55 R631 066
(Pty) Ltd
D. Loudon Director, Lewis Stores 30 118 R74.61 R2 247
(Pty) Ltd 104
N. Jansen Director, Lewis Stores 23 476 R74.55 R1 750
(Pty) Ltd 136
The sale of shares was made on the open market. Where executives have elected
to take transfer of the shares, the transfer will be made off-market.
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
12 June 2012
Sponsor:
UBS South Africa (Pty) Ltd
Date: 12/06/2012 16:00:05 Produced by the JSE SENS Department.
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