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CITY LODGE HOTELS LIMITED - Directors dealings in securities

Release Date: 12/09/2017 08:48
Code(s): CLH     PDF:  
Wrap Text
Directors’ dealings in securities

City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

DIRECTORS’ DEALINGS IN SECURITIES

In compliance with Rule 3.63 - 3.74 of the JSE Listings
Requirements, the following information is disclosed:

Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Grant date:                    1 September 2017
Acceptance date:               7 September 2017
Grant price:                   R136.11
Number of share appreciation
rights:                        47,111
Deemed value of transaction:   R6,412,278.21
Class of shares:               Share appreciation rights
Nature of transaction:         Off-market award and
                               acceptance of share
                               appreciation rights
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Director:                      A.C. Widegger
Office held:                   Financial Director
Name of company:               City Lodge Hotels Limited
Grant date:                    1 September 2017
Acceptance date:               11 September 2017
Grant price:                   R136.11
Number of share appreciation
rights:                        30,245
Deemed value of transaction:   R4,116,646.95
Class of shares:               Share appreciation rights
Nature of transaction:         Off-market award and
                               acceptance of share
                               appreciation rights
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Director:                      M.C. van Heerden
Office held:                   Group Company Secretary
Name of company:               City Lodge Hotels Limited
Grant date:                    1 September 2017
Acceptance date:               7 September 2017
Grant price:                   R136.11
Number of share appreciation
rights:                        4,788
Deemed value of transaction:   R651,694.68
Class of shares:               Share appreciation rights
Nature of transaction:         Off-market award and
                               acceptance of share
                               appreciation rights
Nature and extent of
Company Secretary’s
interest in the transaction:   Direct beneficial

Share appreciation rights vest after three years provided
certain performance conditions in terms of the City Lodge
Hotels Limited Share Appreciation Right Scheme 2007 have
been met.

Approval for the individual allocations and prior clearance
to deal has been obtained in accordance with Section 3.66
of the JSE Listings Requirements.

Bryanston
12 September 2017

Sponsor
Nedbank Corporate & Investment Banking

Date: 12/09/2017 08:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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