CLOVER INDUSTRIES LIMITED - Dealing in securities by a director of a major subsidiary of the company
CLR 201306130039A
Dealing in securities by a director of a major subsidiary 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
(“Company”)
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF
THE COMPANY
In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:
Director : James Henry Ferreira Botes
Company : Clover S.A. Proprietary
Limited
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Date of transaction : 11 June 2013
Number of securities and : 20 816 @ R17.75
corresponding selling prices 10 683 @ R17.76
30 000 @ R17.85
Value of transaction : R1 094 714.08
Date of transaction : 12 June 2013
Number of securities and : 60 946 @ R17.85
corresponding selling prices 6 386 @ R17.77
21 169 @ R17.78
Value of transaction : R1 577 750.14
Nature of interest : Direct beneficial
Clearance obtained : Yes
The funds received from the selling of ordinary shares will
be used to, inter alia, to settle Dr Botes’ pay as you earn
obligation which had arisen as a result of the exercise of
share appreciation rights (“SARs”) by Dr Botes in terms of
The Restated Share Appreciation Rights Plan. For further
details regarding the exercise of SARs, we refer you to the
announcement released on SENS on 4 June 2013.
Johannesburg
13 June 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/06/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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