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CLOVER INDUSTRIES LIMITED - Dealing in Share Appreciation Rights (SARs) by directors

Release Date: 17/03/2015 16:00
Code(s): CLR     PDF:  
Wrap Text
Dealing in Share Appreciation Rights (“SARs”) by directors

Clover Industries Limited
Incorporated in the Republic of South Africa
(Registration No. 2003/030429/06
Ordinary Share code: CLR ISIN N0: ZAE000152377
("Clover")

DEALINGS IN SHARE APPRECIATION RIGHTS ("SARs") BY DIRECTORS

Director                        :   J H Vorster
Company                         :   Clover Industries Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise of SARs which are
                                    subsequently equity settled in
                                    accordance with the Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   3 058 133
Allocation price                :   R4.67
SAR strike price                :   R19.84
Total value of transaction      :   R46 391 872
Total number of shares issued   :   2 338 300 ordinary shares of 5
                                    cents each at an issue price of
                                    R19.84 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   J H Vorster
Company                         :   Clover Industries Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise of SARs which are
                                    subsequently equity settled in
                                    accordance with the Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   821 256
Allocation price                :   R11.00
SAR strike price                :   R19.84
Total value of transaction      :   R7 259 912.32
Total number of shares issued   :   365 923 ordinary shares of 5
                                    cents each at an issue price of
                                    R19.84 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   L J Botha
Company                         :   Clover Industries Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise of SARs which are
                                    subsequently equity settled in
                                    accordance with the Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   1 628 760
Allocation price                :   R4.67
SAR strike price                :   R19.84
Total value of transaction      :   R24 708 279.68
Total number of shares issued   :   1 245 377 ordinary shares of 5
                                    cents each at an issue price of R
                                    19.84 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   L J Botha
Company                         :   Clover Industries Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise   of   SARs   which   are
                                    subsequently equity settled in
                                    accordance   with   the   Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   404 063
Allocation price                :   R11.00
SAR strike price                :   R19.84
Total value of transaction      :   R3 571 914.24
Total number of shares issued   :   180 036 ordinary shares of 5
                                    cents each at an issue price of
                                    R19.84 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   C P Lerm (Dr)
Company                         :   Clover Industries Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise   of   SARs   which   are
                                    subsequently equity settled in
                                    accordance   with   the   Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   818 253
Allocation price                :   R4.67
SAR strike price                :   R19.84
Total value of transaction    :     R12 412 896
Total number of shares issued :     625 650 ordinary shares of 5
                                    cents each at an issue price of
                                    R19.84 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   C P Lerm (Dr)
Company                         :   Clover Industries Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise   of   SARs   which   are
                                    subsequently equity settled in
                                    accordance   with   the   Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   1 119
Allocation price                :   R11.00
SAR strike price                :   R19.84
Total value of transaction      :   R9 900.16
Total number of shares issued   :   499 ordinary shares of 5 cents
                                    each at an issue price of R19.84
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   J H F Botes (Dr)
Company                         :   Clover S.A. Proprietary Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise   of   SARs   which   are
                                    subsequently equity settled in
                                    accordance   with   the   Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   456 968
Allocation price                :   R4.67
SAR strike price                :   R19.84
Total value of transaction      :   R6 932 195.20
Total number of shares issued   :   349 405 ordinary shares of 5
                                    cents each at an issue price of
                                    R19.84 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Director                        :   J H F Botes (Dr)
Company                         :   Clover S.A. Proprietary Limited
Date of transaction             :   17 March 2015
Nature of transaction           :   Exercise   of   SARs   which   are
                                    subsequently equity settled in
                                    accordance   with   the   Restated
                                    Clover Share Appreciation Rights
                                    Plan
Class of securities             :   SARs in respect of ordinary
                                    shares
Number of SARs exercised        :   330 723
Allocation price                :   R11.00
SAR strike price                :   R19.84
Total value of transaction      :   R2 923 582.72
Total number of shares issued   :   147 358 ordinary shares of 5
                                    cents each at an issue price of
                                    R19.84 per share
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Transaction completed           :   Off market

Johannesburg
17 March 2015

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

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