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Reunert Limited - Participation In Long-term Incentive Plan And Vesting Of Rights

Release Date: 25/11/2016 17:00
Code(s): RLO
 
Wrap Text
Participation in long-term incentive plan and vesting of rights

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06
ISIN: ZAE000057428
Share code: RLO
(“Reunert” or “Reunert group”)

PARTICIPATION IN LONG-TERM INCENTIVE PLAN AND VESTING OF RIGHTS

The Reunert Conditional Share Plan 2012 (“CSP”) was approved by shareholders on 13 February
2013.

At the meeting of Reunert’s remuneration committee on 21 November 2016, the committee approved
a number of allocations to participants, as set out in this announcement.

In all instances:
- clearance to trade was obtained;
- approval for individual allocations was given by the remuneration committee;
- the nature of the interest is direct beneficial; and
- the nature of the transactions was off-market allocations of units which could in future entitle
  the participant to ordinary shares if relevant conditions are met.

                             CSP units – subject to     CSP units – subject     CSP units – subject
                                 remaining with the   to remaining with the   to remaining with the
                                  Reunert group and     Reunert group for a      Reunert group, 50%
                                        performance    period of four years    after four years and
                                conditions measured                               50% after 5 years
                                    over four years
Executive directors
AE Dickson                                  131 540                  21 923                       -
M Moodley                                    54 378                       -                       -
MAR Taylor                                   78 021                       -                       -
NA Thomson                                   98 256                       -                       -
Directors of ATC (Pty) Ltd, a major subsidiary of Reunert
GW Eddey                                     39 384                       -                       -
PW de Villiers                               18 749                   3 125                       -
TA Pooe                                      18 591                   3 099                       -
Company secretary
K Louw                                            -                       -                   4 291

The transaction values will be determined in accordance with the rules of the CSP when the units
vest.



Sandton
25 November 2016

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

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