THE SPAR GROUP LIMITED - Exercise of options and sale of shares by a director
SPP 201511130042A
Exercise of options and sale of shares 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" or the “Company”)
EXERCISE OF OPTIONS AND SALE OF SHARES BY A DIRECTOR
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, SPAR
shareholders are hereby advised of the following dealings in securities by a director of the Company:
Name of director: Mr Mark Wayne Godfrey
Date of transaction: 11 November 2015
Nature of transaction: Exercise of options in terms of the rules of the SPAR
Share Incentive Scheme (“Exercise”) and subsequent
sale of shares (“Sale”)
Class of security: Options in respect of SPAR ordinary shares
Number of options exercised and strike price: 25 000 at R29.00 (which expire on 14 November 2015)
Total value of Exercise: R725 000
Number of SPAR ordinary shares sold: 25 000
Price per ordinary share: Various different trades with the following price
information:
- volume weighted average price of R189.3366;
- highest price of R192.36; and
- lowest price of R188.33
Value of Sale: R4 733 415
Transaction completed: Exercise: off-market
Sale: on-market
Nature of interest: Direct beneficial
Clearance given in terms of paragraph 3.66: Yes
Pinetown
13 November 2015
Sponsor
One Capital
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