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Dealings in share appreciation rights (“SARs”) by directors and company secretary
RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
("the Company")
DEALINGS IN SHARE APPRECIATION RIGHTS ("SARs") BY DIRECTORS AND
COMPANY SECRETARY
The following transactions are disclosed in relation to SARs which
were awarded on 1 August 2009 and are due to expire on 29 October
2016. SARs award prices and exercise prices were determined as the
5-day VWAP as at the respective award and exercise dates:
Director : D S Pitman
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 469,679
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R154,994.07
Equivalent number of shares : 10,616
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : S Balidis
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 57,236
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R18,887.88
Equivalent number of shares : 1,293
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : S A Van Der Merwe
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 27,115
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R8,947.95
Equivalent number of shares : 612
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : C D Creed
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 23 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 91,044
SARs award price : R14.27
SARs exercise price : R14.60
Total gain on transaction : R30,044.52
Equivalent number of shares : 2,057
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : W E Schwimmbacher
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 26 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 37,813
SARs award price : R14.27
SARs exercise price : R14.81
Total gain on transaction : R20,419.02
Equivalent number of shares : 1,378
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : S B Heath
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 27 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 248,635
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R139,235.60
Equivalent number of shares : 9,388
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : W A De Wet
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 27 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 212,421
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R118,955.76
Equivalent number of shares : 8,021
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : S Pillay
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 67,594
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R37,852.64
Equivalent number of shares : 2,552
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : P E Gibbons
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 27 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 36,434
SARs award price : R14.27
SARs exercise price : R14.83
Total gain on transaction : R20,403.04
Equivalent number of shares : 1,375
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : M Dally
Company : RCL Foods Limited
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 279,074
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R159,072.18
Equivalent number of shares : 10,719
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : R H Field
Company : RCL Foods Limited
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 427,702
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R243,790.14
Equivalent number of shares : 16,427
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : T J Harding
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 130,935
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R74,632.95
Equivalent number of shares : 5,029
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : A Westermeyer
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 16,581
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R9,451.17
Equivalent number of shares : 636
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : J M J Maher
Company : RCL Foods Limited
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 15,678
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R8,936.46
Equivalent number of shares : 602
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : D S Milne
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 54,192
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R30,889.44
Equivalent number of shares : 2,081
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : P D Cruickshank
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 28 September 2016
Nature of transaction : Off-market acceptance and
exercise of SARs which are
subsequently equity settled in
accordance with the RCL Foods
Limited Share Appreciation Rights
Scheme
Class of securities : SARs in respect of ordinary
shares
Number of SARs exercised : 87,470
SARs award price : R14.27
SARs exercise price : R14.84
Total gain on transaction : R49,857.90
Equivalent number of shares : 3,359
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
29 September 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/09/2016 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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