CLOVER INDUSTRIES LIMITED - Dealings in share appreciation rights (SARs) by an executive director
CLR 201606220014A
Dealings in share appreciation rights ("SARs") by an executive director
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" or “the Company”)
DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) BY AN EXECUTIVE
DIRECTOR
Director : J H Vorster
Company : Clover Industries Limited
Date of transaction : 21 June 2016
Nature of transaction : Exercise of SARs which are
subsequently equity settled in
accordance with the Restated
Clover Share Appreciation Rights
Plan
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 340 000
Allocation price : R13.73
SAR strike price : R18.72
Total value of transaction : R1 696 600
Total number of shares issued : 90 630 ordinary shares of 5 cents
each at an issue price of R18.72
per share
Nature of interest : Direct beneficial
Clearance obtained : Yes
Transaction completed : Off market
Johannesburg
22 June 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
NSX Sponsor
IJG Securities
Date: 22/06/2016 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
