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SPP
SPP
SPP - The Spar Group Limited - Grant and Acceptance of Options by a Director
The Spar Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
Share code: SPP
ISIN Number: ZAE000058517
GRANT AND ACCEPTANCE OF OPTIONS BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director - CEO : Wayne Allan Hook
Company : The SPAR Group Limited
Date of transaction : 9 March 2007
Nature of transaction : Grant and acceptance of options
Class of securities : Options in respect of ordinary
shares
Number of options granted : 120,000
Option strike price : R46.22
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 : R5,546,400.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : Kevin James O`Brien
Company : The SPAR Group Limited
Date of transaction : 9 March 2007
Nature of transaction : Grant and acceptance of options
Class of securities : Options in respect of ordinary
shares
Number of options granted : 30,000
Option strike price : R46.22
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 : R1,386,600.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Marketing Director : Roelof Venter
Company : The SPAR Group Limited
Date of transaction : 9 March 2007
Nature of transaction : Grant and acceptance of options
Class of securities : Options in respect of ordinary
shares
Number of options granted : 80,000
Option strike price : R46.22
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 : R3,697,600.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Financial Director : Rodney Walter Coe
Company : The SPAR Group Limited
Date of transaction : 9 March 2007
Nature of transaction : Grant and acceptance of options
Class of securities : Options in respect of ordinary shares
Number of options granted : 80,000
Option strike price : R46.22
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 : R3,697,600.00
Nature and extent of
director`s interest : Direct beneficial
Clearance obtained : Yes
Pinetown
12 March 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/03/2007 10:49:32 Produced by the JSE SENS Department.
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