RMB HOLDINGS LIMITED - Dealing in securities by the company
Dealing in securities by the company
RMB Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/005115/06)
ISIN: ZAE000024501
JSE ordinary share code: RMH
("RMH")
DEALING IN SECURITIES BY THE COMPANY
In compliance with the JSE Limited Listings Requirements, the following information is
disclosed:
Company : RMH
Date of transaction : 31 December 2020
Nature of transaction : Off market acquisition of RMH call
options
Class of securities : Options on ordinary shares
Number of options : 19 514 151
Option style : Asian
Option type : Call
Call strike price : R0.0001 per share
Delta reference R1.3625 per share
Total premium paid : R26 693 902.00
Expiry date : 4 October 2021
Nature of interest : Direct beneficial
Clearance obtained : Yes
Prior to the unbundling of RMH's 34% interest in FirstRand Limited in June 2020, all cash-
settled appreciation rights (SARs) were hedged through a total return swap between Rand
Merchant Investment Holdings Limited (RMI) and RMH. This arrangement was unwound
as a step in the unbundling transaction. Subsequent to the unbundling, RMH reviewed its
hedging strategy and decided to use call options to hedge its exposure to the SARs.
Sandton
4 January 2021
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 04-01-2021 10:02:00
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