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REMGRO LIMITED - Dealing in securities by a director

Release Date: 21/11/2017 12:40
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:

Name of director               : J J Durand
Company                        : Remgro Limited
Nature of transaction          : Off market exercise of share
                                 appreciation rights (SARs), as
                                 well as the subsequent on
                                 market sale of shares
Date of exercise of share      : 20 November 2017
appreciation rights offered
in the past
Number of share appreciation   : 157 262
rights exercised
Offer price                    : R92.83
Exercise price                 : R209.29 per share
Total growth value of          : R18 314 732.52
exercise
Number of shares received in   : 87 509
respect of appreciation
rights exercised
Date of sale of shares         : 20 November 2017
Number of shares sold          : 87 509
Volume weighted average        : R205.1364 per share
selling price
Highest price                  :   R206.10
Lowest price                   :   R205.00
Total value of shares sold     :   R17 951 281.23
Class of security              :   Ordinary shares
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes

Stellenbosch
21 November 2017

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

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