CLOVER INDUSTRIES LIMITED - Dealing In Securities By A Director Of The Company
CLR CLRP 201211070018A
Dealing In Securities By A Director Of The Company
Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
Ordinary Share code: CLR ISIN No: ZAE000152377
Preference Share code: CLRP ISIN No: ZAE000152385
(“Company”)
DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY
Shareholders are advised of the following information relating to
the dealing in securities by a director of the Company.
Name of director: Louis Jacques Botha (“Mr Botha”)
Transaction date: 6 November 2012
Class of securities: Ordinary shares
Nature of transaction: Off-market collar hedge over 1 326 251
ordinary shares of the Company with a put strike price of R14.45
and a call strike price of R18.35 and expiry on 6 October 2015.
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Mr Botha entered into a financing agreement with a financial
institution which consist of a loan agreement securitised by a
simultaneous collar hedge and equity lending transaction. The loan
will inter alia be utilised to settle Mr Botha’s loan from the
Company.
Johannesburg
7 November 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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