CLOVER INDUSTRIES LIMITED - Dealings in securities by a director of a major subsidiary
CLR 201603310018A
Dealings in securities by a director of a major subsidiary
Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration No. 2003/030429/06)
JSE Ordinary Share code: CLR
NSX Ordinary Share code: CLN
ISIN NO: ZAE000152377
("Clover")
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
Director : Hendrikus Lubbe
Company : Clover S.A. Proprietary Limited
Date of transaction : 30 March 2016
Nature of transaction : Off market sale of securities
Class of securities : Ordinary Shares
Number of securities : 300 000
Selling price : R17.55
Total value of transaction : R5 265 000.00
Nature of interest : Direct beneficial
Clearance obtained : Yes
The proceeds of the sale of the shares will be utilised to settle
Mr Lubbe’s loan in respect of a financing agreement entered into
with a financial institution which consists of a loan agreement
securitised by a simultaneous collar hedge and equity lending
transaction.
Johannesburg
31 March 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
NSX Sponsor
IJG Securities
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