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REM
REM
REM - Remgro Limited - Acceptance of share appreciation rights ("SARS") by
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")
ACCEPTANCE OF SHARE APPRECIATION RIGHTS ("SARs") BY CERTAIN OF THE DIRECTORS AND
COMPANY SECRETARY OF REMGRO
As set out below, SARs, in respect of ordinary shares, were granted to, and
accepted by directors and the company secretary on 29 November 2010 at a grant
price of R108-69 per SAR, which is based on the closing price of Remgro shares
on 26 November 2010.
Mr MH Visser
Total number of SARs accepted: 486 465
Total value: R52 873 880-85
Mr WE Buhrmann
Total number of SARs accepted: 23 548
Total value: R2 559 432-12
Mr L Crouse
Total number of SARs accepted: 51 865
Total value: R5 637 206-85
Mr JJ Durand
Total number of SARs accepted: 235 895
Total value: R25 639 427-55
Mrs JA Preller
Total number of SARs accepted: 33 080
Total value: R3 595 465-20
Mrs M Lubbe (Company Secretary)
Total number of SARs accepted: 20 620
Total value: R2 241 187-80
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, all interests are
directly beneficial and all transactions occurred off the market.
Stellenbosch
30 November 2010
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 30/11/2010 10:55:01 Produced by the JSE SENS Department.
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