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CLR - Clover Industries Limited - Dealings in share appreciation rights ("SARs")

Release Date: 19/12/2011 10:00
Code(s): CLR CLRP
Wrap Text

CLR - Clover Industries Limited - Dealings in share appreciation rights ("SARs") by a 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 ("the Company") DEALINGS IN SHARE APPRECIATION RIGHTS ("SARs") BY A DIRECTOR Executive : L J Botha Company : Clover Industries Limited Date of transaction : 15 December 2011 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 : 133 333 Allocation price : Rnil SAR strike price : R11-28 Total value of transaction : R1 503 996-24 Nature of interest : Direct beneficial Clearance obtained : Yes Transaction completed : Off market Johannesburg 19 December 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/12/2011 10:00:01 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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