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Pick n Pay Stores Limited – Dealing in Securities
Pick n Pay Stores Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008034/06)
Share Code: PIK
ISIN code: ZAE000005443
PICK N PAY STORES LIMITED – DEALING IN SECURITIES
Dealing in securities by executive directors and company secretary: award of
forfeitable shares in terms of the Pick n Pay Stores Limited Forfeitable Share Plan,
which was approved by shareholders at the General Meeting held on 12 February
2014 and amended at the General Meeting held on 4 August 2020. The restricted
forfeitable shares are issued at nil cost and may vest, subject to performance
conditions being met over three financial years. The performance conditions are
linked to the growth in comparable headline earnings per share. Dividends earned
over the term of the scheme are payable upon vesting, pro-rated to the number
of restricted forfeitable shares that vest in participants.
In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:
Name of director: L Olivier
Designation: Chief Finance Officer
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 120 000
Acceptance of award: 19 January 2021
Date of vesting: 25 June 2023
Nature of transaction: Off-market allocation of restricted
forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of director: S Ackerman-Berman
Designation: Director
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 60 000
Acceptance of award: 19 January 2021
Date of vesting: 25 June 2023
Nature of transaction: Off-market allocation of restricted
forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of director: J Ackerman
Designation: Director
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 30 000
Acceptance of award: 19 January 2021
Date of vesting: 25 June 2023
Nature of transaction: Off-market allocation of restricted
forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Name of company secretary: DE Muller
Designation: Company Secretary
Name of company: Pick n Pay Stores Limited
Number of forfeitable shares: 50 000
Acceptance of award: 19 January 2021
Date of vesting: 25 June 2023
Nature of transaction: Off-market allocation of restricted
forfeitable shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
By order of the board
Cape Town
20 January 2021
Sponsor:
Investec Bank Limited
Date: 20-01-2021 02:00:00
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