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CLOVER INDUSTRIES LIMITED - Dealings In Share Appreciation Rights (Sars) By An Executive Director

Release Date: 31/12/2012 12:45
Code(s): CLRP CLR     PDF:  
Wrap Text
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
Ordinary Share code: CLR ISIN N0: ZAE000152377
Preference Share code: CLRP ISIN No: ZAE000152385
(“Clover”)

DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) BY AN EXECUTIVE
DIRECTOR

Director                      :   J H Vorster
Company                       :   Clover Industries Limited
Date of transaction           :   31 December 2012
Nature of transaction         :   Exercise of SARs” which are
                                  subsequently cash settled in
                                  accordance with the Restated
                                  Clover Share Appreciation Rights
                                  Plan
Class of securities           :   SARs in respect of ordinary
                                  shares
Number of SARs exercised      :   533 333
Allocation price              :   R nil
SAR strike price              :   R15.9329
Total value of transaction    :   R8 497 541.36
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market


Johannesburg
31 December 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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