| Thu 13 Nov 2014, 15:15 | | LEWIS GROUP LIMITED - Directors Dealings in Securities |
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LEW 201411130029A
Directors Dealings in Securities
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE 000058236
(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 17 September 2009 (refer to SENS announcement dated 21 September 2009)
have vested on 11 November 2014 as follows:
Share Awards Implied
Executive Designation Vested Value
J. Enslin Director, Lewis Group Ltd 40 000 R2 620 000
L.A. Davies Director, Lewis Group Ltd 26 666 R1 746 623
D. Loudon Director, Lewis Stores (Pty) Ltd 20 000 R1 310 000
N. Jansen Director, Lewis Stores (Pty) Ltd 13 334 R873 377
R. Oliphant Director, Lewis Stores (Pty) Ltd 20 000 R1 310 000
The awards were acquired for no consideration and are in respect of ordinary shares. The
implied value was calculated using the share price of R65.50 at the close of business on 10
November 2014.
2. Sale of Shares
The directors have sold ordinary shares on 11 and 12 November 2014 in order to settle their
tax liability on the awards vested in 1 above and to re-balance their personal portfolios as
follows:
Number of
Executive Designation Shares Price Value
J. Enslin Director, Lewis Group Ltd 16 800 R65.9240 R1 107 523
L.A. Davies Director, Lewis Group Ltd 11 200 R65.9240 R738 349
D. Loudon Director, Lewis Stores (Pty) Ltd 20 000 R65.9240 R1 318 480
R. Oliphant Director, Lewis Stores (Pty) Ltd 10 000 R65.9240 R659 240
The sale of shares was made on the open market. The high and low prices for each director
for the above sales were R66.32 and R65.52 respectively.
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 and 2 above were for the direct benefit of the directors. The
requisite clearances have been obtained.
Cape Town
13 November 2014
Sponsor:
UBS South Africa (Pty) Ltd
Date: 13/11/2014 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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