CLOVER INDUSTRIES LIMITED - Dealing in securities by an executive director of the Company
CLR 201801030008A
Dealing in securities by an executive director of the Company
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
(“Clover and/ or Company”)
DEALING IN SECURITIES BY AN EXECUTIVE DIRECTOR OF THE COMPANY
In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:
Director : Johann Hendrik Vorster
Date of transaction : 29 December 2017
Class of securities : European Options over Clover
ordinary shares
Nature of transaction : Off-market collar hedge over
540 000 ordinary shares of
the Company with a put strike
price of R18.14 and a call
strike price of R24.71 which
expired on 29 December 2017
Initial price per share : R18.14
Notional put value on expiry : R 9 795 600
Notional call value on expiry : R13 343 400
Nature of interest : Direct beneficial
Clearance obtained : Yes
Mr Vorster entered into a financing agreement on or about 31 March
2015 with a financial institution which consists of a loan
agreement securitised by a simultaneous collar hedge and equity
lending transaction.
Johann Vorster continues to hold circa 8 million ordinary shares
in the Company in his own name.
Johannesburg
3 January 2018
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
NSX Sponsor
IJG Securities
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