Spar directors accept performance share awards

The Spar Group Limited (Spar) has disclosed the acceptance of performance share awards by three of its directors on December 17, 2025. These awards, granted on the same date, are linked to Spar ordinary shares and are subject to the vesting criteria of the Spar conditional share plan (CSP). The vesting period for these shares is three years from the award date, concluding on December 15, 2028. The deemed value per share for these awards is R96.8011, calculated as the 5-day volume weighted average price of Spar ordinary shares immediately prior to the award date.

The directors involved, Angelo Swartz, Megan Pydigadu, and Reeza Isaacs, each accepted 68,336 performance shares. This results in a total deemed value of R6,614,999.97 for each director's award. The nature and extent of interest for these transactions are direct beneficial, and the transactions were completed off-market.

This announcement, released from Umhlanga on December 18, 2025, highlights key compensation arrangements for Spar’s leadership. One Capital serves as the sponsor for The Spar Group Limited.