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REMGRO LIMITED - Acceptance of Share Appreciation Rights (SARs) by directors and company secretary of Remgro

Release Date: 05/12/2013 14:46
Code(s): REM     PDF:  
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Acceptance of Share Appreciation Rights (“SARs”) by directors and company secretary of Remgro

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
(ISIN: ZAE000026480)
(Share code: REM)
("Remgro" or "the Company")

ACCEPTANCE OF SHARE APPRECIATION RIGHTS (“SARs”) BY DIRECTORS AND
COMPANY SECRETARY OF REMGRO

As set out below, SARs, in respect of ordinary shares, were
granted to directors and the company secretary on 4 December 2013
at a grant price of R191-70 per SAR, which is based on the closing
price of Remgro shares on 3 December 2013.

Mr WE Buhrmann
Total number of SARs accepted:  25 485

Mr L Crouse
Total number of SARs accepted:  79 144

Mr JJ Durand
Total number of SARs accepted:  93 128

Mrs M Lubbe (Company Secretary)
Total number of SARs accepted:  7 444

The SARs may be exercised as follows:

  -   up to one third of the SARs granted may be exercised on or
      after the third anniversary of the date of grant;
  -   up to two thirds of the SARs granted may be exercised on or
      after the fourth anniversary of the date of grant, to the
      extent that they have not been exercised previously;
  -   all of the SARs granted may be exercised on or after the
      fifth anniversary of the date of grant, to the extent that
      they have not been exercised previously;
  -   all SARs must be exercised by the seventh anniversary of the
      date of grant.

  Approval for the individual allocations has been given, all
  interests are directly beneficial and all transactions occurred
  off the market.

Stellenbosch
5 December 2013

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

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