In a recent disclosure in compliance with JSE Limited Listings Requirements, SPAR Group Limited (JSE Code: SPP) has shared details of significant dealings in securities, shedding light on the acceptance of awards by a director and transactions conducted by the SPAR Group Limited Conditional Share Plan (CSP).
On December 7, 2023, Director Mark Godfrey accepted awards of shares under the SPAR Group Limited Conditional Share Plan (CSP). The details of the transaction are as follows:
| Transaction Details | Values |
|---|---|
| Nature of Transactions | Acceptance of performance shares in terms of the CSP |
| Date of Acceptance | 7 December 2023 |
| Class of Securities | Performance shares linked to SPAR ordinary shares |
| Vesting Period | Three years for annual award of performance shares |
| Deemed Value per Award | R116.54 |
| Nature and Extent of Interest | Direct beneficial |
| Transaction Completed | Off-market |
| Number of Shares | 31,600 performance shares |
| Total Deemed Value | R3,682,664.00 |
Director Angelo Swartz, overseeing the CSP, engaged in on-market transactions to purchase SPAR ordinary shares, aiming to settle obligations to certain CSP participants for vested awards.
| Transaction Details | Values |
|---|---|
| Date of Transaction | 4 December 2023 |
| Number of Shares | 12,596 SPAR ordinary shares |
| Price per Share | Volume-weighted average price of R115.9221, highest R116.72, lowest R115.19 |
| Total Value of Transaction | R1,460,154.77 |
| Transaction Details | Values |
|---|---|
| Date of Transaction | 6 December 2023 |
| Number of Shares | 5,062 SPAR ordinary shares |
| Price per Share | R116.20 |
| Total Value of Transaction | R588,204.40 |
Both CSP transactions received clearance in accordance with paragraph 3.66 of the JSE Limited Listings Requirements, ensuring adherence to regulatory standards.
The transactions were carried out with the following considerations:
The announcement, made on December 8, 2023, signifies SPAR Group Limited’s commitment to transparency and compliance in its securities dealings.
Investors and stakeholders are encouraged to stay informed as the company navigates its path, demonstrating accountability and responsible governance in the South African business landscape.
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