RCL FOODS LIMITED - Dealings in Share Appreciation Rights (SARs) and securities by a director

Release Date: 26/04/2018 15:00
Code(s): RCL
 
Wrap Text
Dealings in Share Appreciation Rights (“SARs”) and securities by a director

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 A DIRECTOR

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                      :   R H Field
Company                       :   RCL Foods Limited
Date of transaction           :   20 April 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      :   123,586
SARs award price              :   R13.20
SARs exercise price           :   R18.90
Total gain on transaction     :   R704,440.20
Equivalent number of shares   :   37,271
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes


Durban
26 April 2018

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

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