To view the PDF file, sign up for a MySharenet subscription.

CLOVER INDUSTRIES LIMITED - Dealings in share appreciation rights (SARs) by a director

Release Date: 09/10/2013 16:30
Code(s): CLR     PDF:  
Wrap Text
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 NO: ZAE000152377
(“the Company”)

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


Director                      :   L J Botha
Company                       :   Clover Industries Limited
Date of transaction           :   9 October 2013
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      :   80 000
Allocation price              :   Rnil
SAR strike price              :   R16-73

Total value of transaction    :   R1 338 400-00
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes
Transaction completed         :   Off market

Johannesburg
9 October 2013

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

Date: 09/10/2013 04:30:00 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.

Share This Story