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CLR/CLRP - Clover Industries Limited - Dealings in share appreciation rights

Release Date: 21/09/2011 10:01
Code(s): CLR CLRP
Wrap Text

CLR/CLRP - Clover Industries Limited - Dealings in share appreciation rights ("SARs") by executive directors and other executives 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 ("CIL" or "the Company") DEALINGS IN SHARE APPRECIATION RIGHTS ("SARs") BY EXECUTIVE DIRECTORS AND OTHER EXECUTIVES Director : H B Roode Company : Clover Industries Limited Date of transaction : 20 September 2011 Nature of transaction : Exercise of share appreciation rights("SARs") which are subsequently cash settled in accordance with the
Restated Clover Share Appreciation Rights Plan Number of SARs exercised : 133 333 Allocation price : Rnil SAR strike price : R11-01 cents Total value of transaction : R1 467 996-33 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Director : C P Lerm Company : Clover Industries Limited Date of transaction : 20 September 2011 Nature of transaction : Exercise of share appreciation rights("SARs") which are subsequently cash settled in accordance with the
Restated Clover Share Appreciation Rights Plan Number of SARs exercised : 44 445 Allocation price : Rnil SAR strike price : R11-01 cents Total value of transaction : R489 339-45 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Executive : H Lubbe Company : Clover Industries Limited Date of transaction : 20 September 2011 Nature of transaction : Exercise of share appreciation rights("SARs") which are subsequently cash settled in accordance with the
Restated Clover Share Appreciation Rights Plan Number of SARs exercised : 44 444 Allocation price : Rnil SAR strike price : R11-01 cents Total value of transaction : R489 328-44 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Johannesburg 21 September 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/09/2011 10:01:01 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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