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Directors Dealings in Securities
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE 000058236
Bond Code: LEWI
("Lewis" or the "Company")
Directors Dealings in Securities
In compliance with the paragraphs 3.63 to 3.74 of the JSE Listings
Requirements, the following should be noted:
1. The Lewis 2019 Executive Retention Scheme – Exercise of Matching
Share Option
In terms of the Lewis 2019 Executive Retention Scheme, the following executive
directors, elected on 7 July 2025 to exercise their matching share awards which
were granted on 6 July 2022 (refer to SENS announcement dated 6 July 2022):
Matching Total
Executive Designation Share Value
Awards
Exercised
J. Enslin Executive Director, Lewis Group Ltd 144 536 R 11 708 861
J. Bestbier Executive Director, Lewis Group Ltd 88 469 R 7 166 874
W. Achmat Director, Lewis Stores (Pty) Ltd 69 340 R 5 617 233
D.M. Oliphant Director, Lewis Stores (Pty) Ltd 68 635 R 5 560 121
The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R 81.01 as
at the close of business on 4 July 2025.
2. The Lewis 2021 and 2019 Executive Performance Scheme – Vesting
of Short Term Awards
The three year short term share awards granted to the directors on 6 July 2022
(refer to SENS announcement dated 6 July 2022) vested on 7 July 2025. The
awards referred to above that vested in terms of the rules of the scheme are as
follows:
Share Total
Executive Designation Awards Value
Vested
J. Enslin Executive Director, Lewis Group Ltd 217 457 R 17 616 192
J. Bestbier Executive Director, Lewis Group Ltd 94 942 R 7 691 251
W. Achmat Director, Lewis Stores (Pty) Ltd 50 398 R 4 082 742
D.M. Oliphant Director, Lewis Stores (Pty) Ltd 50 441 R 4 086 225
The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R 81.01,
being the closing price on 4 July 2025.
3. The Lewis 2021 Executive Performance Scheme – Vesting of Long
Term Awards
Five year long term awards were granted to the directors on 6 July 2022 (refer
to the SENS announcement dated 6 July 2022). Five year awards vest
proportionately at the third, fourth and fifth anniversary subject to performance
targets. The awards relating to the third anniversary referred to above that have
vested on 7 July 2025 in terms of the rules of the scheme are as follows:
Share Total
Executive Designation Awards Value
Vested
J. Enslin Executive Director, Lewis Group Ltd 75 506 R 6 116 741
J. Bestbier Executive Director, Lewis Group Ltd 26 373 R 2 136 477
W. Achmat Director, Lewis Stores (Pty) Ltd 17 499 R 1 417 594
D.M. Oliphant Director, Lewis Stores (Pty) Ltd 17 514 R 1 418 809
The awards were acquired for no consideration and are in respect of ordinary
shares. The implied value was calculated using the share price of R 81.01,
being the closing price on 4 July 2025.
4. Sale of Shares
The executive directors have sold ordinary shares during the period 7 July 2025
to 9 July 2025 at a volume weighted average price of R 79.8405 with a highest
price of R81.1283 and a lowest price of R77.9670 in order to settle the tax on
the above awards as follows:
No. of Total
Executive Designation Shares Value
J. Enslin Executive Director, Lewis Group Ltd 209 999 R 16 766 425
J. Bestbier Executive Director, Lewis Group Ltd 100 696 R 8 039 619
W. Achmat Director, Lewis Stores (Pty) Ltd 65 874 R 5 259 413
D.M. Oliphant Director, Lewis Stores (Pty) Ltd 65 564 R 5 234 663
All the transactions as set out in 1 to 4 above were for the direct benefit of the
directors. The requisite clearances have been obtained.
Cape Town
11 July 2025
Sponsor: The Standard Bank of South Africa Limited
Debt Sponsor: Absa Bank Limited, acting through its Corporate and Investment
Banking Division
Date: 11-07-2025 03:17:00
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