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RLO - Reunert Ltd - Exercise of options and subsequent sale of shares by a

Release Date: 06/09/2011 16:34
Code(s): RLO
Wrap Text

RLO - Reunert Ltd - Exercise of options and subsequent sale of shares by a director of a major subsidiary REUNERT LTD (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share Code: RLO EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : JC Ellis Company : Nashua Mobile (A major subsidiary of Reunert Ltd) Date of transaction : 02 September 2011 Nature of transaction : Off market exercise of options Class of securities : Options in respect of ordinary shares Number of options exercised : 30,000 Option strike price : R41.90 Total value of transaction : R1,257,000 Date of transaction : 02 September 2011 Nature of transaction : On market sale of shares Class of securities : Ordinary shares Number of shares sold : 30,000 Selling price : R58.31 Total value of transaction : R1,749,422.50 Nature of interests : Indirect beneficial Clearance obtained : Yes Sandton 06 September 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 06/09/2011 16:34:01 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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