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MSM: MASSMART HOLDINGS LIMITED - Notification Of Acceptance Of Restricted Share Grants In Terms Of The Massmart Holdings Limited Employee Share Plan

Date: 2020/12/07

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
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