Annual Report - JD Group

Salient features of The JD Group Employee Share Incentive Scheme trust deed continued
5. The JD Group Limited Share Incentive Trust
JD Group currently has two share incentive schemes in operation, namely the scheme referred to in paragraphs 1 to 4 above and
Jodtrust.
No further shares will be made available to Jodtrust.
The following share options have been granted in respect of issued shares:
Price
Number of
shares at
Date of grant (cents) 31 August 2004
4 October 1999 3 418 573 956
These options become exercisable as follows:
On or after 5 October 2002 107 591
On or after 5 October 2003 107 591
On or after 5 October 2004 358 774
62
573 956
The JD Group Employee Share Incentive Scheme has effectively replaced Jodtrust and accordingly the salient features of the latter have
not been disclosed.
6. Dividends and voting rights
Dividends in respect of shares held in terms of the credit sale scheme are payable to the trust and are credited to the participant’s loan
account until such time as the shares have been paid for in full by the participant, whereafter the dividends accrue and are paid to the
participant.
Voting rights in respect of shares held in terms of the credit sale scheme vest with the trustees, until such time as the shares have been
paid for in full by the participant.
7. Principal terms of loans
7.1 Loans between the company and the trust:
Loans bear interest at rates agreed to between the trustees and the Company from time to time.
7.2 Loans between the trust and participants:
Loans bear interest at rates determined to by the trustees from time to time.