MASSMART HOLDINGS LIMITED Massmart Holdings Limited
(Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM
ISIN: ZAE000152617 (Massmart or 'the Company')
Notification of acceptance of a Performance Share Award in terms of the Massmart Holdings Limited Employee Share Plan
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, we hereby advise that Performance Share Awards in Massmart securities has been offered at R44.2835 being the 10-day weighted average price immediately prior to the offer date of 8 April 2022. These were accepted by Mr Mohammed Abdool- Samad and Mr Sandile Lukhele, in terms of the rules of the Massmart Holdings Limited Employee Share Plan. Performance Share Awards vest in terms as outlined below.
The award was accepted on the 1st June 2022 by the aforementioned individuals as detailed below:
Name: | Mohammed Abdool-Samad |
Position held: | Chief Financial Officer |
Company: | Massmart Holdings Limited |
Nature of interest: | Direct/Beneficial |
Award of Performance shares: | 156,831 |
Total value: | R6,945,000 |
Vesting date: | 8 April 2025 |
Name: | Sandile Lukhele |
Position held: | General Counsel & Company Secretary |
Company: | Massmart Holdings Limited |
Nature of interest: | Direct/Beneficial |
Award of Performance shares: | 64,584 |
Total value: | R2,860,000 |
Vesting date: | 8 April 2025 |
The above transaction was an off-market trade.
Clearance to accept this Performance Share Award has been given in terms of paragraph 3.66 of the JSE Limited Listings Requirements."
Johannesburg
2 June 2022
Sponsor: JP Morgan Equities South Africa (Pty) Ltd
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Massmart Holdings Ltd. published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 08:51:05 UTC.