Pick n Pay Stores Limited Announces Director and Group Securities Dealing

Strategic Insights -

Pick n Pay Stores Limited, a leading retail company in South Africa, has announced dealings in securities by its director, company secretary, and the group, in compliance with the JSE Listings Requirements. According to the announcement, the company secretary, Vaughan Pierce, and director, Lerena Olivier, sold ordinary shares on the Johannesburg Stock Exchange, while the group purchased shares to settle share awards issued under the Pick n Pay Restricted Forfeitable Share Plan.

Key Takeaways:

  • The company secretary, Vaughan Pierce, sold 6,000 ordinary shares on the Johannesburg Stock Exchange on June 25, 2025, at a sale price of R27.197 per security, totaling R163,182.00.
  • The director, Lerena Olivier, sold 16,182 ordinary shares to fund tax obligations arising on vesting of shares in terms of the Group's Restricted Forfeitable Share Plan on June 25, 2025, at a sale price of R27.197 per security, totaling R440,101.85.
  • The group purchased 920,513 Pick n Pay ordinary shares on the open market of the Johannesburg Stock Exchange on June 25, 2025, at a vessel-weighted average price of R2,726.35 per share, totaling R25,096,406.20.
  • The shares purchased by the group will be held in treasury until such time that the shares have vested under the rules of the long-term incentive plan.
  • The Restricted Forfeitable Shares are issued at nil cost, at an agreed deemed price of R30.00 per share, and will vest on June 25, 2027, subject to the achievement of specific performance conditions.

Statistics:

  • 6,000 ordinary shares sold by company secretary, Vaughan Pierce, on June 25, 2025, at a sales price of R27.197 per security.
  • 16,182 ordinary shares sold by director, Lerena Olivier, on June 25, 2025, at a sales price of R27.197 per security.
  • 920,513 Pick n Pay ordinary shares purchased by the group on June 25, 2025, at a vessel-weighted average price of R2,726.35 per share.
  • R163,182.00: Total value of Vaughan Pierce's share sale.
  • R440,101.85: Total value of Lerena Olivier's share sale.
  • R25,096,406.20: Total transaction value of the group's share purchase.

Sources:

  • Pick n Pay Stores Limited (2025). DEALINGS IN SECURITIES BY A DIRECTOR, COMPANY SECRETARY AND THE GROUP. Johannesburg Stock Exchange.
  • Johannesburg Stock Exchange (n.d.). Listings Requirements. Johannesburg Stock Exchange.
  • Rand Merchant Bank (2025). Sponsor's Certificate. Cape Town.