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Lewis Group Limited - Directors` Dealing in Securities
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE 000058236
Lewis or the `Company`)
Directors Dealings in Securities
In compliance with the requirements 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:
As a consequence of the change in control resulting from GUS Holdings
BV`s disposal of its 50 000 001 shares in Lewis on 26 May 2005,
shares and options awarded in terms of the company`s share schemes
vested with the scheme participants in terms of the rules of the
various schemes. The shares to be used for this purpose were
acquired by the Lewis Employee Incentive Scheme Trust (`the Trust`)
for no consideration from GUS Holdings BV. The Trust received these
shares on 27 June 2005.
1. Shares for no consideration
The executives listed below are entitled to ordinary shares for no
consideration in terms of the Lewis Executive IPO Restricted Share
Scheme. These executives have accepted a condition imposed by the
company that they shall not dispose of any of the ordinary shares
awarded under the scheme until 1 October 2007.
Number of
Executive Designation Shares Value
(for no Rand
consideration)
A J Smart Executive Director - 219 428 7 460 552
Lewis Group Ltd
K Van Aardt Director - Lewis 56 400 1 917 600
Stores (Pty) Ltd
C Heiberg Director - Lewis 53 571 1 821 414
Stores (Pty) Ltd
L A Davies Director - Lewis 50 000 1 700 000
Stores (Pty) Ltd
C Irwin Director - Lewis 50 000 1 700 000
Stores (Pty) Ltd
J Enslin Director - Lewis 37 857 1 287 138
Stores (Pty) Ltd
P B Croucher Company Secretary - 16 071 546 414
Lewis Group Ltd and
Lewis Stores (Pty)
Ltd
2. Options Exercised
The executives listed below have exercised the options awarded to
them in terms of the rules of the Executive Share Option Scheme.
The directors have undertaken not to call for delivery of ordinary
shares to which they are entitled to on exercising the option prior
to the earlier of 1 October 2007 or the date on which they would have
been entitled to do so in the absence of the change in control. The
payment of the consideration of R28 per ordinary share will only have
to be made once delivery is made in terms of the undertaking and the
rules of the scheme.
The company secretary has accepted the imposition of the condition
that he shall not be entitled to dispose of any of the option shares
acquired until 1 October 2007. Payment of the consideration of R28
per share must be made on the earlier of 1 October 2007 or the date
on which he takes delivery of the option shares.
Executive Designation Number of Net Value
option shares (Value less
consideration
to be paid)
Rand
A J Smart Executive Director 219 428 1 316 568
- Lewis Group Ltd
K Van Aardt Director - Lewis 56 400 338 400
Stores (Pty) Ltd
C Heiberg Director - Lewis 53 571 321 426
Stores (Pty) Ltd
L A Davies Director - Lewis 50 000 300 000
Stores (Pty) Ltd
C Irwin Director - Lewis 50 000 300 000
Stores (Pty) Ltd
J Enslin Director - Lewis 37 857 227 142
Stores (Pty) Ltd
P B Croucher Company Secretary 10 714 64 281
- Lewis Group Ltd
and Lewis Stores
(Pty) Ltd
The requisite clearances have been obtained.
Cape Town
29 June 2005
Sponsor
UBS South Africa (Pty) Ltd
Date: 29/06/2005 03:34:08 PM
Produced by the JSE SENS Department
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