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 |
Date of acceptance: | 16 February 2021 |
Nature and extent of interest: | Direct beneficial |
On-market or off-market: | Off-market |
Clearance obtained: | Yes |
Name of director: | Brett Botten |
Number of shares: | 30 500 (10 500 performance shares and 20 000 restricted shares) |
Class of securities: | 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
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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.