SUPER GROUP LIMITED - Dealing in securities by a director of major subsidiaries
SPG 201509090040A
Dealing in securities by a director of major subsidiaries
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
(“Super Group”)
DEALING IN SECURITIES BY A DIRECTOR OF MAJOR SUBSIDIARIES
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings
Requirements (“Listings Requirements”), shareholders are advised that a
director of major subsidiaries of Super Group has, in terms of the Share
Appreciation Right Scheme 2005 (“the Scheme”), been granted share
appreciation rights (“SARS”) to receive shares which grants have been
accepted.
Shareholder approval of the Scheme was obtained at the 2005 Annual
General Meeting. All SARS 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 SARS
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 2018. The grants are conditional upon the participant
remaining employed during the performance period.
The SARS granted to and accepted by the director vest upon confirmation
that the performance conditions have been fulfilled.
Name of Number of Nature of
director SARS interest
K Mmutlana (1) 100 000 Direct, beneficial
Date of acceptance 8 September 2015
Nature of transaction Grant and acceptance of SARS
Class of securities Ordinary shares
Strike Price R32.7400
Vesting date Following approval by the Remuneration
Committee based on the audited results for the
year ending 30 June 2018
(1) K Mmutlana is a director of Super Group Holdings
Proprietary Limited and Super Group Africa Proprietary Limited.
Sandton
9 September 2015
Sponsor: Deutsche Securities (SA) Proprietary Limited
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