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RBW - Rainbow Chicken Limited - Dealings in securities by directors

Release Date: 17/03/2011 17:29
Code(s): RBW
Wrap Text

RBW - Rainbow Chicken Limited - Dealings in securities by directors RAINBOW CHICKEN LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/004972/06) ISIN: ZAE000019063 Share Code: RBW DEALINGS IN SECURITIES BY DIRECTORS In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : PD Cruickshank Company : Rainbow Farms (Pty) Limited (a major subsidiary of Rainbow
Chicken Limited) Date of transaction : 16 March 2011 Nature of transaction : Off market acceptance and exercise of options
Class of securities : Options in respect of ordinary shares Number of options accepted and exercised : 55 114 Option strike price : R6.65 (32 000 options) R10.39 (23 114 options) Strike dates : 19 May 2005 (32 000 options) 25 May 2006 (23 114 options)
Vesting dates : 19 May 2008 (16 000 options) 19 May 2009 (16 000 options) 25 May 2008 (23 114 options) Total value of transaction : R452,954.46 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 16 March 2011 Nature of transaction : On market sale of securities Class of securities : Ordinary shares Number of securities : 55 114 Selling price : R18.05 Total value of transaction : R994,807.70 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 16 March 2011 Nature of transaction : On market sale of securities Class of securities : Ordinary shares Number of securities : 9 930 Selling price : R18.00 Total value of transaction : R178,740.00 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 17 March 2011 Nature of transaction : On market sale of securities Class of securities : Ordinary shares Number of securities : 570 Selling price : R18.00 Total value of transaction : R10,260.00 Nature of interest : Direct beneficial Clearance obtained : Yes Director : RH Field Company : Rainbow Chicken Limited Date of transaction : 16 March 2011 Nature of transaction : Off market acceptance and exercise of options Class of securities : Options in respect of ordinary shares Number of options accepted and exercised : 353 088 Option strike price : R5.10 (16 103 options) R5.30 (131 822 options) R6.65 (128 000 options) R10.39 (77 163 options) Strike dates : 21 May 2004 (16 103 options) 1 August 2004 (131 822 options) 19 May 2005 (128 000 options) 25 May 2006 (77 163 options) Vesting dates : 21 May 2008 (16 103 options) 1 August 2007 (65 911 options) 1 August 2008 (65 911 options) 19 May 2008 (128 000 options) 25 May 2008 (77 163 options)
Total value of transaction : 2,433,705.47 Nature of interest : Direct beneficial Clearance obtained : Yes Date of transaction : 16 March 2011 Nature of transaction : On market sale of securities Class of securities : Ordinary shares Number of securities : 353 088 Selling price : R18.05 Total value of transaction : R6,373,238.40 Nature of interest : Direct beneficial Clearance obtained : Yes Durban 17 March 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17/03/2011 17:29:03 Supplied by www.sharenet.co.za 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.

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