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The Spar Group Limited - Grant and acceptance of options by director
The Spar Group Limited
Registration number: 1967/001572/06
Share code: SPP
ISIN Number: ZAE000058517
GRANT AND ACCEPTANCE OF OPTIONS BY DIRECTOR
In compliance with rul 3.63 to 3.74 of the JSE Securities Exchange South Africa
Listings Requirements, the following information is disclosed:
Financial director : Rodney Walter Coe
Company : The SPAR Group Limited
Date of transaction : 13 December 2004
Nature of transaction : Grant and acceptance of options
Class of securities : Options in respect of ordinary shares
Number of options granted : 51 000
Option strike price : R21.04
Period of exercise : One third on third anniversary,
one third on fourth anniversary, one third on
fifth anniversary
Vesting : On exercise of the options
Total value of transaction : R1 073 040
Nature and extent of
director`s interest : Direct Beneficial
Clearance obtained : Yes
Chief Executive : Rodney Walter Coe
Company : The SPAR Group Limited
Date of transaction : 13 December 2004
Nature of transaction : Grant and acceptance of options
Class of securities : Options in respect of ordinary shares
Number of options granted : 64 500
Option strike price : R21.04
Period of exercise : One third on third anniversary,
one third on fourth anniversary, one third on
fifth anniversary
Vesting : On exercise of the options
Total value of transaction : R1 357 080
Nature and extent of
director`s interest : Direct Beneficial
Clearance obtained : Yes
Company Secretary : Peter Kilby Hughes
Company : The SPAR Group Limited
Date of transaction : 13 December 2004
Nature of transaction : Grant and acceptance of options
Class of securities : Options in respect of ordinary shares
Number of options granted : 34 500
Option strike price : R21.04
Period of exercise : One third on third anniversary,
one third on fourth anniversary, one third on
fifth anniversary
Vesting : On exercise of the options
Total value of transaction : R725 880
Nature and extent of
director`s interest : Direct Beneficial
Clearance obtained : Yes
Pinetown
24 December 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 24/12/2004 12:10:05 PM
Produced by the JSE SENS Department
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