RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) by a director
RCL 201610050038A
Dealings in share appreciation rights (“SARs”) by a director
RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
(“the Company”)
DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) BY A DIRECTOR
The following transaction is disclosed in relation to SARs which
were awarded on 5 September 2012. SARs award prices and exercise
prices were determined as the 5-day VWAP as at the respective
award and exercise dates:
Director : P D Cruickshank
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 96,457
SARs award price : R13.20
SARs exercise price : R14.84
Total gain on transaction : 158,189.48
Equivalent number of shares : 10,659
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
05 October 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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