PICK N PAY STORES LIMITED - Director dealings in securities
PIK 201701060023A
Director dealings in securities
Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/008034/06)
Share code: PIK
ISIN: ZAE000005443
DIRECTOR DEALINGS IN SECURITIES
In terms of the Pick n Pay 1997 Employee Share Option Scheme, in October 2011,
400 000 Binary share options were issued to deputy CEO, Richard van Rensburg. As
per the 2016 Integrated Annual Report, the terms have been met and the following
details are disclosed:
Director: Richard van Rensburg
Company: Pick n Pay Stores Limited
Date of transaction: 6 December 2016
Nature of transaction: Off market exercise of options and
subsequent off market sale of shares
pursuant to the vesting and exercise of
these share options
Number of securities: 400 000
Class of security: Ordinary
Exercise price: R36.55
Total value: R14 620 000
Share price: R73.79
Total value of sale: R29 516 000
Net gain: R14 896 000
Nature of interest: Direct beneficial
Clearance obtained: Yes
Cape Town
6 January 2017
Sponsor: Investec Bank Limited
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