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RHODES FOOD GROUP HOLDINGS LIMITED - Dealings in securities by directors

Release Date: 12/12/2016 07:05
Code(s): RFG     PDF:  
Wrap Text
Dealings in securities by directors

RHODES FOOD GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, the following information is disclosed in relation
to the acceptance of Share Appreciation Rights (“SARs”) allocated under the Rhodes Food Group 2015
Share Plan (“Plan”) on 1 December 2016 (“Allocation Date”).

Director                                     :      BAS Henderson
Company                                      :      Rhodes Food Group Holdings Limited
Date of transaction                          :      8 December 2016
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      54 751
SAR allocation price                         :      R26.58
Total value of transaction                   :      R1 455 281.58
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      CC Schoombie
Company                                      :      Rhodes Food Group Holdings Limited
Date of transaction                          :      8 December 2016
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      23 824
SAR allocation price                         :      R26.58
Total value of transaction                   :      R633 241.92
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      J Mpele
Company                                      :      Rhodes Food Group Proprietary Limited
Date of transaction                          :      8 December 2016
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      17 630
SAR allocation price                         :      R26.58
Total value of transaction                   :      R468 605.40
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      WP Hanekom
Company                                      :      Rhodes Food Group Proprietary Limited
Date of transaction                          :      9 December 2016
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      22 433
SAR allocation price                         :      R26.58
Total value of transaction                   :      R596 269.14
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      R Phillips
Company                                      :      Rhodes Food Group Proprietary Limited
Date of transaction                          :      9 December 2016
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      20 419
SAR allocation price                         :      R26.58
Total value of transaction                   :      R542 737.02
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      G Kotze
Company                                      :      Rhodes Food Group Proprietary Limited
Date of transaction                          :      9 December 2016
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      23 075
SAR allocation price                         :      R26.58
Total value of transaction                   :      R613 333.50
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes


Director                                     :      C Costaras
Company                                      :      Rhodes Food Group Proprietary Limited
Date of transaction                          :      8 December 2016
Nature of transaction                        :      Off market acceptance of SARs granted to the director
                                                    under the terms of the Plan.
Class of securities                          :      Options in respect of ordinary shares
Number of options granted                    :      23 824
SAR allocation price                         :      R26.58
Total value of transaction                   :      R633 241.92
Nature of interest                           :      Direct beneficial
Clearance obtained                           :      Yes

   -   The vesting of the SARs is subject to the satisfaction of certain conditions, including continued
       employment and the satisfaction of certain performance criteria.
   -   To the extent that the performance criteria have been met the SARs will vest as follows:
           - One third on the third anniversary of the Allocation Date
           - A second third on the fourth anniversary of the Allocation Date.
           - The balance on the fifth anniversary of the Allocation Date.

Groot Drakenstein
12 December 2016

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

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