RCL FOODS LIMITED - Dealings in share appreciation rights (SARs) and securities by directors and company secretary

Release Date: 04/04/2018 12:11
Code(s): RCL
 
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Dealings in share appreciation rights (“SARs”) and securities by directors and company secretary

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”) AND SECURITIES BY
DIRECTORS AND COMPANY SECRETARY

The following transaction is disclosed in relation to SARs which
were awarded on 1 June 2011 and are due to expire on 1 June 2018.
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:

Company Secretary             :   J Maher
Company                       :   RCL Foods Limited
Date of transaction           :   27 March 2018
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      :   63,477
SARs award price              :   R16.45
SARs exercise price           :   R18.99
Total gain on transaction     :   R161,225.10
Equivalent number of shares   :   8,490
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

The following transaction is disclosed in relation to SARs which
were awarded on 5 September 2012 and are due to expire on 5
September 2019. 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                      :   M Dally
Company                       :   RCL Foods Limited
Date of transaction           :   27 March 2018
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      :   768,117
SARs award price              :   R13.20
SARs exercise price           :   R18.99
Total gain on transaction     :   R4,447,382.04
Equivalent number of shares   :   234,196
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

The following transactions are disclosed in compliance with the
JSE Limited Listings Requirements:

Director                      :   RH Field
Company                       :   RCL Foods Limited
Date of transaction           :   27 March 2018
Nature of transaction         :   On market sale of securities
Class of securities           :   Ordinary shares
Number of securities          :   37,470
Selling price                 :   20,905 at R18.80; 2,589 at
                                  R18.81; 10,074 at R18.85; 1,769
                                  at R18.86; 2,133 at R19.10
Total value of transaction    :   R705,711.63
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

Director                      :   RH Field
Company                       :   RCL Foods Limited
Date of transaction           :   28 March 2018
Nature of transaction         :   On market sale of securities
Class of securities           :   Ordinary shares
Number of securities          :   3,434
Selling price                 :   3,423 at R18.70; 11 at R18.85
Total value of transaction    :   R64,217.45
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes


Durban
4 April 2018

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

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