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REM
REM
REM - Remgro - Announcement Of Grant Price And Allocations Of Share Appreciation
Rights ("SARS") To Certain Of The Directors And Company Secretary Of Remgro
Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
(ISIN: ZAE000026480)
(Share code: REM)
("Remgro" or "the Company")
ANNOUNCEMENT OF GRANT PRICE AND ALLOCATIONS OF SHARE APPRECIATION RIGHTS
("SARS") TO CERTAIN OF THE DIRECTORS AND COMPANY SECRETARY OF REMGRO
As set out below, SARs were granted to directors and the company secretary on 27
November 2008 at a grant price of R74-00 per SAR, which is based on the closing
price of Remgro shares on 26 November 2008.
Mr MH Visser
Total number of SARs granted: 542 424
Mr WE Buhrmann
Total number of SARs granted: 124 771
Mr L Crouse
Total number of SARs granted: 418 108
Mr JW Dreyer
Total number of SARs granted: 270 270
Mrs JA Preller
Total number of SARs granted: 48 788
Mr T van Wyk
Total number of SARs granted: 87 829
Mrs M Lubbe (Company Secretary)
Total number of SARs granted: 15 241
The SARs may be exercised as follows:
- up to one third of the SARs granted may be exercised on or after the third
anniversary of the date of grant;
- up to two thirds of the SARs granted may be exercised on or after the
fourth anniversary of the date of grant, to the extent that they have not
been exercised previously;
- all of the SARs granted may be exercised on or after the fifth anniversary
of the date of grant, to the extent that they have not been exercised
previously;
- all SARs must be exercised by the seventh anniversary of the date of grant.
Approval for the individual allocations has been given.
Stellenbosch
28 November 2008
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 28/11/2008 11:38:59 Produced by the JSE SENS Department.
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