CLOVER INDUSTRIES LIMITED - Dealing in securities by a director of the company and a director of a major subsidiary of the company
CLR 201306190055A
Dealing in securities by a director of the company and 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 THE COMPANY AND A
DIRECTOR OF A MAJOR SUBSIDIARY OF THE COMPANY
In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:
Director : Hermanus Bernardus Roode
Company : Clover Industries Limited
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Date of transaction : 18 June 2013
Number of securities : 110 100
Selling price (VWAP) R17.4484
Value of transaction : R1 921 068.84
Highest price : R17.55
Lowest price : R17.40
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Hendrikkus Lubbe
Company : Clover S.A. Proprietary
Limited
Nature of transactions : On market sale of securities
Class of securities : Ordinary shares
Date of transaction : 14 June 2013
Number of securities : 59 394
Selling price (VWAP) : R17.5373
Value of transaction : R1,041,615.79
Highest price : R17.73
Lowest price : R17.53
Date of transaction : 18 June 2013
Number of securities : 56 606
Selling price (VWAP) : R17.3650
Value of transaction : R982 965.91
Highest price : R17.64
Lowest price : R17.50
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 Messrs Roode and Lubbe’s
respective pay as you earn obligations which had arisen as a
result of the exercise of share appreciation rights (“SARs”)
by Messrs Roode and Lubbe 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
19 June 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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