CLOVER INDUSTRIES LIMITED - Dealings in share appreciation rights (SARS) by a director and certain executives
CLR 201310030008A
Dealings in share appreciation rights (“SARS”) by a director and certain executives
Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration No. 2003/030429/06
Ordinary Share code: CLR ISIN N0: ZAE000152377
(“the Company”)
DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) BY A DIRECTOR AND
CERTAIN EXECUTIVES
Director : C P Lerm
Company : Clover Industries Limited
Date of transaction : 2 October 2013
Nature of transaction : Exercise of SARs which are subsequently
cash settled in accordance with the
Restated Clover Share Appreciation
Rights Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs exercised : 44 446
Allocation price : Rnil
SAR strike price : R16-72
Total value of transaction : R743 137.12
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : Off market
Executive : J H F Botes
Company : Clover Industries Limited
Date of transaction : 2 October 2013
Nature of transaction : Exercise of SARs which are subsequently
cash settled in accordance with the
Restated Clover Share Appreciation
Rights Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs exercised : 44 444
Allocation price : Rnil
SAR strike price : R16-72
Total value of transaction : R743 103.68
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : Off market
Executive : H Lubbe
Company : Clover Industries Limited
Date of transaction : 2 October 2013
Nature of transaction : Exercise of SARs which are subsequently
cash settled in accordance with the
Restated Clover Share Appreciation
Rights Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs exercised : 44 444
Allocation price : Rnil
SAR strike price : R16-72
Total value of transaction : R743 103.68
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : Off market
Johannesburg
3 October 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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