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RBW
RBW
RBW - Rainbow - Exercise Of Options And Sale Of Securities By Directors Of
Rainbow Chicken Limited And Directors Of Major Subsidiary
RAINBOW CHICKEN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000019063
Share Code: RBW
("Rainbow")
In compliance with the JSE Limited Listings Requirements, and as a consequence
of the offer by Remgro Limited to minority shareholders of Rainbow and the
subsequent alternative offer ("the Remgro offer"), the following transactions
made by directors of Rainbow are disclosed:
Director : M Dally
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 2 705 188
Option strike price : 2 473 188 options at R3.45
232 000 options at R6.65
Total value of transaction : R10 075 298.60
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 2 305 188
Selling price : R16.00 per share
Total value of transaction : R36 883 008.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : R H Field
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 277 445
Option strike price : 67 433 options at R3.55
16 102 options at R5.10
65 910 options at R5.30
128 000 options at R6.65
Total value of transaction : R1 522 030.35
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 228 411
Selling price : R16.00 per share
Total value of transaction : R3 654 576.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Group Secretary : S B Heath
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 106 588
Option strike price : 21 628 options at R3.55
20 960 options at R5.10
64 000 options at R6.65
Total value of transaction : R609 275.40
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 106 588
Selling price : R16.00 per share
Total value of transaction : R1 705 408.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
In compliance with the JSE Limited Listings Requirements, and as a consequence
of the Remgro offer, the following transactions made by directors of Rainbow
Farms (Pty) Ltd (a major subsidiary of Rainbow Chicken Ltd) are disclosed:
Director : C D Creed
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 61 196
Option strike price : 21 196 options at R5.10
40 000 options at R6.65
Total value of transaction : R374 099.60
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 61 196
Selling price : R16.00 per share
Total value of transaction : R979 136.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : M P W Rogowski
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 233 488
Option strike price : 112 170 options at R3.55
73 318 options at R5.10
48 000 options at R6.65
Total value of transaction : R1 091 325.30
Nature of transaction : Subsequent sale of securities
Class of securities : Ordinary shares
Number of securities : 233 488
Selling price : R16.00 per share
Total value of transaction : R3 735 808.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : P C Tozer
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 197 955
Option strike price : 46 542 options at R3.55
111 413 options at R5.10
40 000 options at R6.65
Total value of transaction : R999 430.40
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 197 955
Selling price : R16.00 per share
Total value of transaction : R3 167 280.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Director : C E Vauqulin
Date of transaction : 25 June 2007
Nature of transaction : Exercise of options in terms of the Rainbow
Share Incentive Scheme
Class of securities : Options in respect of ordinary
shares
Number of options exercised : 130 567
Option strike price : 57 923 options at R3.55
40 644 options at R5.10
32 000 options at R6.65
Total value of transaction : R625 711.05
Nature of transaction : Subsequent sale of securities
in terms of the Remgro offer
Class of securities : Ordinary shares
Number of securities : 130 567
Selling price : R16.00 per share
Total value of transaction : R2 089 072.00
Nature and extent of interest : Direct beneficial
Clearance obtained : Yes
Durban
26 June 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/06/2007 14:50:19 Produced by the JSE SENS Department.
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