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Dealings in share appreciation rights (“SARs”) by a director, company secretary and directors of major subsidiaries
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 A DIRECTOR AND
COMPANY SECRETARY AND DIRECTORS OF MAJOR SUBSIDIARIES
The following transactions are disclosed in relation to SARs which
were awarded on 2 June 2010 and are due to expire on 2 June 2017.
SARs award prices and exercise prices were determined as the 5-day
volume weighted average price (VWAP) as at the respective award
and exercise dates:
Director : WA De Wet
Company : RCL Foods Sugar & Milling Pty
Ltd, a major subsidiary of the
Company
Date of transaction : 22 March 2017
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 : 300,332
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R531,580.50
Equivalent number of shares : 32,217
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : CD Creed
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 22 March 2017
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 : 183,406
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R324,621.00
Equivalent number of shares : 19,674
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 : 22 March 2017
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 : 53,396
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R94,495.50
Equivalent number of shares : 5,727
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : TJ Harding
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 22 March 2017
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 : 257,279
SARs award price : R14.73
SARs exercise price : R16.50
Total gain on transaction : R455,383.50
Equivalent number of shares : 27,599
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : PE Gibbons
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 23 March 2017
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 : 58,657
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R101,475.90
Equivalent number of shares : 6,165
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : DS Tubb
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 March 2017
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 : 38,063
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R 65,840.00
Equivalent number of shares : 4,000
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : RJ Matthews
Company : Vector Logistics Pty Ltd, a major
subsidiary of the Company
Date of transaction : 23 March 2017
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 : 68,860
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R119,121.02
Equivalent number of shares : 7,237
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : RH Field
Company : RCL Foods Limited
Date of transaction : 23 March 2017
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 : 431,618
SARs award price : R14.73
SARs exercise price : R16.46
Total gain on transaction : R746,691.44
Equivalent number of shares : 45,364
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : D Naicker
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 24 March 2017
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 : 47,479
SARs award price : R14.73
SARs exercise price : R16.44
Total gain on transaction : R81,180.72
Equivalent number of shares : 4,938
Nature of interest : Direct beneficial
Clearance obtained : Yes
Company Secretary : JMJ Maher
Company : RCL Foods Limited
Date of transaction : 24 March 2017
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 : 47,975
SARs award price : R14.73
SARs exercise price : R16.44
Total gain on transaction : R82,035.60
Equivalent number of shares : 4,990
Nature of interest : Direct beneficial
Clearance obtained : Yes
The following transaction is disclosed in relation to SARs which
were awarded subsequent to 2 June 2010 and are not due to expire
within the next two years. SARs award prices and exercise prices
were similarly determined as the 5-day volume weighted average
price (VWAP) as at the respective award and exercise dates:
Director : DS Tubb
Company : RCL Foods Consumer Pty Ltd, a
major subsidiary of the Company
Date of transaction : 23 March 2017
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 : 25,320
SARs award price : R13.20
SARs exercise price : R16.46
Total gain on transaction : 82,530.44
Equivalent number of shares : 5,014
Nature of interest : Direct beneficial
Clearance obtained : Yes
Durban
28 March 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/03/2017 04:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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