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Director’s dealings in securities – exercise of Share Appreciation Rights (“SARs”)
City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH ISIN Code: ZAE000117792
Director’s dealings in securities – exercise of Share Appreciation Rights (“SARs”)
In compliance with Rule 3.63 - 3.74 of the JSE Listings Requirements, the following
information is disclosed:
Director: C. Ross
Office held: Chief Executive
Name of company: City Lodge Hotels Limited
Class of securities: SARs in respect ordinary shares
Number of SARS: 57,499 SARs to be settled by the purchase
of 28,686 City Lodge ordinary shares
Grant Price: R74.62
Grant Date: 1 September 2010
Nature of Transaction: On market purchase of ordinary shares
pursuant to the off-market exercise of
SARs awarded in 2010, which vested on 1
September 2015
Date of transaction: 12 November 2015
Number of shares: 14,102
Price range: R153.06 - 155.00
VWAP: R154.77
Value of transaction: R2,182.524.98
Nature and extent of
Director’s interest in the
transaction: Direct beneficial
Director: C. Ross
Office held: Chief Executive
Name of company: City Lodge Hotels Limited
Class of securities: SARs in respect ordinary shares
Number of SARS: 57,499 SARs to be settled by the purchase
of 28,686 City Lodge ordinary shares
Grant Price: R74.62
Grant Date: 1 September 2010
Nature of Transaction: On market purchase of ordinary shares
pursuant to the off-market exercise of
SARs awarded in 2010, which vested on 1
September 2015
Date of transaction: 13 November 2015
Number of shares: 4,020
Price range: R153.28 – 153.50
VWAP: R153.40
Value of transaction: R616,652.88
Nature and extent of
Director’s interest in the
transaction: Direct beneficial
Director: C. Ross
Office held: Chief Executive
Name of company: City Lodge Hotels Limited
Class of securities: SARs in respect ordinary shares
Number of SARS: 57,499 SARs to be settled by the purchase
of 28,686 City Lodge ordinary shares
Grant Price: R74.62
Grant Date: 1 September 2010
Nature of Transaction: On market purchase of ordinary shares
pursuant to the off-market exercise of
SARs awarded in 2010, which vested on 1
September 2015
Date of transaction: 16 November 2015
Number of shares: 2,632
Price: R153.57
Value of transaction: R404,196.24
Nature and extent of
Director’s interest in the
transaction: Direct beneficial
Nature and extent of
Director: C. Ross
Office held: Chief Executive
Name of company: City Lodge Hotels Limited
Class of securities: SARs in respect ordinary shares
Number of SARS: 57,499 SARs to be settled by the purchase
of 28,686 City Lodge ordinary shares
Grant Price: R74.62
Grant Date: 1 September 2010
Nature of Transaction: On market purchase of ordinary shares
pursuant to the off-market exercise of
SARs awarded in 2010, which vested on 1
September 2015
Date of transaction: 17 November 2015
Number of shares: 1,682
Price range: R153.00 – 153.20
VWAP: R153.18
Value of transaction: R257,647.60
Nature and extent of
Director’s interest in the
transaction: Direct beneficial
Director: C. Ross
Office held: Chief Executive
Name of company: City Lodge Hotels Limited
Class of securities: Ordinary shares
Number of shares: 7,875
Nature of Transaction: On market sale of ordinary shares to
settle the tax obligation that arose
following the off-market exercise of
57,499 SARs awarded in 2010 and which
vested on 1 September 2015
Date of transaction: 12 November 2015
Sale Price: R155.00
Value of transaction: R1,220,625.00
Nature and extent of
Director’s interest in the
transaction: Direct beneficial
Director: C. Ross
Office held: Chief Executive
Name of company: City Lodge Hotels Limited
Class of securities: Ordinary shares
Number of shares: 2,041
Nature of Transaction: On market sale of ordinary shares to
settle the tax obligation that arose
following the off-market exercise of
57,499 SARs awarded in 2010 and which
vested on 1 September 2015
Date of transaction: 13 November 2015
Sale Price: R154.00
Value of transaction: R314,314.00
Nature and extent of
Director’s interest in the
transaction: Direct beneficial
Director: C. Ross
Office held: Chief Executive
Name of company: City Lodge Hotels Limited
Class of securities: Ordinary shares
Number of shares: 120
Nature of Transaction: On market sale of ordinary shares to
settle the tax obligation that arose
following the off-market exercise of
57,499 SARs awarded in 2010 and which
vested on 1 September 2015
Date of transaction: 17 November 2015
Sale Price: R154.00
Value of transaction: R18,480.00
Nature and extent of
Director’s interest in the
transaction: Direct beneficial
Prior clearance to deal has been obtained from Mr B.T. Ngcuka, Chairman of the Board
of City Lodge, in accordance with Section 3.66 of the JSE Listings Requirements.
Bryanston
19 November 2015
Sponsor
JP Morgan Equities South Africa Proprietary Limited
Date: 19/11/2015 01:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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