CLOVER INDUSTRIES LIMITED - Dealings in securities by a director
CLR 201604040018A
Dealings in securities by a director
Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration number 2003/030429/06)
JSE Ordinary Share code: CLR
NSX Ordinary Share code: CLN
ISIN NO: ZAE000152377
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:
Director : Johann Hendrik Vorster
Company : Clover Industries Limited
Date of transaction : 31 March 2016
Class of securities : Ordinary shares
Nature of transaction : Off-market collar hedge to
securitise a loan agreement
Number of securities : 300 000
Put Strike Price : R17.21
Call Strike Price : R24.18
Expiry Date : 18 September 2018
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 31 March 2016
Class of securities : Ordinary shares
Nature of transaction : Off-market collar hedge to
securitise a loan agreement
Number of securities : 300 000
Put Strike Price : R17.21
Call Strike Price : R25.30
Expiry Date : 31 December 2018
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 31 March 2016
Class of securities : Ordinary shares
Nature of transaction : Off-market collar hedge to
securitise a loan agreement
Number of securities : 300 000
Put Strike Price : R17.21
Call Strike Price : R26.16
Expiry Date : 04 January 2019
Nature of interest : Direct beneficial
Clearance obtained : Yes
Date of transaction : 1 April 2016
Class of securities : Ordinary shares
Nature of transaction : Off-market collar hedge to
securitise a loan agreement
Number of securities : 198 122
Put Strike Price : R17.21
Call Strike Price : R27.19
Expiry Date : 30 June 2019
Nature of interest : Direct beneficial
Clearance obtained : Yes
Mr Vorster entered into a financing agreement with a
financial institution which consists of a loan agreement
securitised by a simultaneous collar hedge and equity lending
transactions.
A portion of the transaction proceeds will be applied to
settle Mr Vorster’s tax obligations arising from his exercise
of share appreciation rights, per the announcement released
on the Stock Exchange News Service on 02 March 2016.
Johannesburg
4 April 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
NSX Sponsor
IJG Securities
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