THE SPAR GROUP LIMITED - Dealing in securities by a Director
SPP 201402100030A
Dealing in securities by a Director
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR")
DEALING IN SECURITIES BY A DIRECTOR
SPAR shareholders ("Shareholders") are referred to the announcement dated
12 November 2013 in which the appointment of Graham O'Conner as new CEO and director
of SPAR was announced, which appointment took effect on 1 February 2014. In accordance
with Mr O'Conner's terms of appointment, 50 000 options were offered to him, which he
has now accepted. Accordingly, in compliance with paragraph 3.63 to 3.66 of the JSE Limited
Listings Requirements, Shareholders are hereby advised of the following dealings in
securities by a director.
Name of director Graham O’Conner
Date of transaction 10 February 2014
Nature of transaction Acceptance of options in terms of the
SPAR Employee Share Incentive Scheme
Class of securities Options over ordinary shares
Number of shares covered by options 50 000
Strike price R124.22
Vesting period In equal thirds on the 3rd, 4th and 5th
anniversary of the allocation
Value of transaction R6 211 000.00
Nature and extent of directors’ interest Direct beneficial
Transaction completed on market Off-Market
Clearance obtained in terms of paragraph 3.66 of
the Listings Requirements Yes
Pinetown
10 February 2014
Sponsor
One Capital
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