| Thu 20 Oct 2011, 11:55 | | RMH - RMB Holdings Limited - Realisation of benefit under forfeitable |
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RMH
RMH
RMH - RMB Holdings Limited - Realisation of benefit under forfeitable
share plan and dealings in securities
RMB HOLDINGS LIMITED
Registration number 1987/005115/06)
(Incorporated in the Republic of South Africa)
ISIN: ZAE000024501
JSE Ordinary Share Code: RMH
("RMBH" or "the Company")
REALISATION OF BENEFIT UNDER FORFEITABLE SHARE PLAN AND DEALINGS IN
SECURITIES
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
REALISATION OF BENEFIT UNDER FORFEITABLE SHARE PLAN
During October 2009 RMBH executives were invited to participate in the
Company`s forfeitable share plan. Details of the grants made are set
out in the Company`s annual financial statements. RMBH hedged the
exposure by acquiring the commensurate number of RMBH ordinary shares in
the market.
Participants became entitled to the benefit under the plan on 1 October
2011, on which date the RMBH share price was 2,539 cents. The final
restrictive condition has now been complied with and the (off market)
benefits that accrue to the participants are as follows:
Participant Number of RMBH Strike price Value on 1
ordinary shares (cents) October 2011
(Rand)
P Cooper 231,600 0,0 R5,880,324
CEO
A Maher 11,600 0,0 R294,524
Company
Secretary
SALE OF SHARES ARISING UNDER FORFEITABLE SHARE PLAN
To fund their obligations arising from the benefit received above, the
participants elected to sell the following number of RMBH shares on the
market, while continuing to hold the balance remaining:
Participant Number of Selling Value of
RMBH price transaction
ordinary (cents) (Rand) Date of
shares sold transaction
P Cooper 95,000 2,476 R2,352,209
CEO 19 Oct 2011
A Maher 6,000 2,490 R149,400
Company 10 Oct 2011
Secretary
Clearance has been obtained in respect of the above transactions.
All interests in the transactions are direct and beneficial.
Sandton
20 October 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/10/2011 11:55:57 Produced by the JSE SENS Department.
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