THE SPAR GROUP LIMITED (Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
ISIN: ZAE000058517
JSE Code: SPP
("SPAR")
ACCEPTANCE OF SHARES BY DIRECTORS
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SPAR hereby advises its shareholders of the following acceptance of awards of shares by directors of SPAR in terms of The SPAR Conditional Share Plan ("CSP"):
Nature of transaction:
Acceptance of an award of shares in terms of the CSP
Performance shares and restricted shares, linked to SPAR ordinary shares, in terms of the CSP vesting criteria
Vesting period:
Three years for annual award of performance shares and in equal parts after years three, four and five for restricted shares
Deemed value per award:
R211.59
Total deemed value:
R6 453 495.00
Name of director:
Mark Godfrey
Number of shares:
30 000 performance shares
Class of securities:
Performance shares linked to SPAR ordinary shares, in terms of the CSP vesting criteria
Vesting period:
Three years for annual award of performance shares
Deemed value per award:
R211.59
Total deemed value:
R6 347 700.00
Pinetown
22 February 2021
Sponsor
One Capital
Attachments
Original document
Permalink
Disclaimer
The SPAR Group Limited published this content on 22 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2021 13:28:01 UTC.
The Spar Group Ltd specializes in retailing. The group also provides construction materials, pharmaceuticals and health care products.
At the end of September 2023, products are marketed through a network of 4,579 outlets located in South Africa (2,523; Superspar, SPAR, Kwikspar, SaveMor, Tops, Build it and Pharmacy at SPAR banners), Ireland (1,485; SPAR, Londis, Eurospar, MACE and XL), Switzerland (363; SPAR, Maxi and TopCC) and Poland (208; SPAR and MAXI);
Net sales are distributed geographically as follows: South Africa (62%), Ireland (25.5%), Switzerland (10.5%) and Poland (2%).