MSM: MASSMART HOLDINGS LIMITED - Notification Of Acceptance Of Restricted Share Grants In Terms Of The Massmart Holdings Limited Employee Share Plan
MSM: MASSMART HOLDINGS LIMITED - Notification of acceptance of Restricted Share Grants in terms of the Massmart Holdings Limited Employee Share Plan Notification of acceptance of Restricted Share Grants in terms of the Massmart Holdings Limited Employee Share Plan 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 Restricted Share Grants 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 Restricted Share Grants in Massmart securities have been offered at R30.6647 being the 10-day weighted average price immediately prior to the offer date of 11 September 2020. These were accepted by Mr. Mohammed Abdool Samad in terms of the rules of the Massmart Holdings Limited Employee Share Plan. Restricted Share Grants are offered annually and vest in terms as outlined below. The awards were accepted on 7 December 2020 by the aforementioned individual as detailed below: Name: Mohammed Abdool Samad Position held: Chief Financial Officer Company: Massmart Holdings Limited Nature of interest: Direct/Beneficial Grant of Restricted shares: 51,362 Total value: R1,575,000 Vesting date: In equal thirds on 11 September 2023, 2024 and 2025 The above transactions were off-market trades. Clearance to accept these Restricted Share Grants has been given in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Johannesburg 7 December 2020 Sponsor: JP Morgan Equities South Africa (Pty) Ltd Date: 07-12-2020 04:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.