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RCL FOODS LIMITED - Acceptance by directors of conditional share awards in terms of the RCL Foods Limited conditional share plan

Release Date: 28/04/2017 15:00
Code(s): RCL     PDF:  
Wrap Text
Acceptance by directors of conditional share awards in terms of the RCL Foods Limited conditional share plan

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

ACCEPTANCE BY DIRECTORS OF CONDITIONAL SHARE AWARDS IN TERMS OF THE RCL
FOODS LIMITED CONDITIONAL SHARE PLAN

As required in terms of the JSE Limited Listings Requirements, RCL Foods
Limited advises of the acceptance by directors of Conditional Shares
awarded to them in terms of the RCL Foods Limited Conditional Share Plan.
The Conditional Shares are subject to a 3-year vesting period, as well as
the fulfillment of employment and performance conditions.

Director                        :   M Dally
Company                         :   RCL Foods Limited
Date of transaction             :   26 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    shares vesting in March 2020 subject
                                    to the achievement of agreed targets
Class of securities             :   Ordinary shares
Number of conditional shares    :   3,620,565
accepted
Total value of transaction*     :   R50,434,470.45
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Director                        :   R H Field
Company                         :   RCL Foods Limited
Date of transaction             :   26 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    shares vesting in March 2020 subject
                                    to the achievement of agreed targets
Class of securities             :   Ordinary shares
Number of conditional shares    :   1,448,226
accepted
Total value of transaction*     :   R20,173,788.18
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

*Using the 5-day volume weighted average price of R13.93 as at 28 April 2017


Durban
28 April 2017

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

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