CLOVER INDUSTRIES LIMITED - Dealing in securities by a director of the company and a director of a major subsidiary of the company
CLR 201306210036A
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
(“the 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 : 20 June 2013
Number of securities : 189 900
Selling price (VWAP) R17.004
Value of transaction : R3 229 059.60
Highest price : R17.08
Lowest price : R17.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Hendrikkus Lubbe
Company : Clover S.A. Proprietary
Limited
Nature of transaction : On market sale of securities
Class of securities : Ordinary shares
Date of transaction : 20 June 2013
Number of securities : 59 148
Selling price (VWAP) R16.88
Value of transaction : R998,462.28
Highest price : R17.05
Lowest price : R17.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
The proceeds from the transaction will be used, inter alia,
to settle the pay as you earn obligations arising from Messrs
Roode and Lubbe’s exercise of share appreciation rights
(“SARs”) in terms of the Company’s Restated Share
Appreciation Rights Plan. Details of the exercise of SARs
were contained in the Company’s announcement released on the
Stock Exchange News Service on 4 June 2013.
Johannesburg
21 June 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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