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REMGRO LIMITED - Dealing in securities by a director

Release Date: 08/12/2016 11:00
Code(s): REM     PDF:  
Wrap Text
Dealing in securities by a director

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

DEALING IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Non-executive director         :   J Malherbe
Company                        :   Remgro Limited
Nature of transactions         :   Off market exercise of share
                                   appreciation rights (SARs), as
                                   well as the subsequent on
                                   market sale of shares
Date of exercise of share      :   6 December 2016
appreciation rights offered
in the past
Number of share appreciation   :   50 506
rights exercised
Offer price                    :   R73.67
Exercise price                 :   R209.73 per share
Total growth value of          :   R6 871 846.36
exercise
Number of shares received in   :   32 766
respect of appreciation
rights exercised
Date of sale of shares         :   7 December 2016
Number of shares sold          :   13 605
Selling price                  :   R208.9506 per share
Total value of shares sold     :   R2 842 772.91
Class of security              :   Ordinary shares
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes

Stellenbosch
8 December 2016

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

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