To view the PDF file, sign up for a MySharenet subscription.

REUNERT LIMITED - Dealings in securities

Release Date: 29/11/2021 14:35
Code(s): RLO     PDF:  
Wrap Text
Dealings in securities

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
Share code: RLO
(“Reunert” or the “Company” or the “Group”)

DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.66 of the JSE Limited Listings
Requirements, the following transactions by directors and the company secretary of Reunert (the
“Participants”) are hereby disclosed.

Vesting of units in terms of Reunert’s Conditional Share Plan 2012 (“Previous CSP”)

Ordinary shares in the Company (“Shares”) vested in the Participants on 23 November 2021, in respect
of units allocated in 2017 in accordance with the terms of the performance plan of the Previous CSP.
In the case of the Company Secretary, the units were allocated in 2016 and 2017, in terms of the
retention plan of the Previous CSP. Shares vested as follows:

 Participant                                  Number of vested Shares     Value of vested Shares based
                                                                               on the Company’s 20-day
                                                                               volume weighted average
                                                                                 price (“VWAP”), as at
                                                                            22 November 2021 of R52.46
                                                                                             per Share
 Executive directors of the Company
 AE Dickson                                                     7 682                      R402 997.72
 NA Thomson                                                     4 702                      R246 666.92
 M Moodley                                                      2 604                      R136 605.84
 Company Secretary
 K Louw                                                         4 105                      R215 348.30

The nature and extent of the interest of the above Participants is direct beneficial and the prescribed
clearance to trade was received.

Subsequent sale of Shares in terms of the Previous CSP

In accordance with the normal administrative processes of the Previous CSP, the Participants
subsequently disposed of all or a portion of their vested Shares referred to above, wholly or partially in
settlement of tax obligations, on 26 November 2021, on-market, at a price equal to the 20-day VWAP
as at 22 November 2021 of R52.46 per Share:

 Participant                                    Number of Shares sold             Value of transaction
 Executive directors of the Company
 AE Dickson                                                     3 572                      R187 378.12
 NA Thomson                                                     2 186                      R114 677.56
 M Moodley                                                      1 211                       R63 529.06
 Company Secretary
 K Louw                                                         4 105                      R215 348.30

The nature and extent of the interest of the above Participants is direct beneficial and the prescribed
clearance to trade was received.

Allocation of awards in terms of the Reunert 2019 Conditional Share Plan (“CSP”)

In accordance with the rules of the CSP (“Rules”), the allocation of awards in the table below was
approved on 25 November 2021, on behalf of the Company’s Remuneration Committee. The below
stated CSP awards entitle Participants to Shares in the future, to the extent that employment and
performance conditions are met over a 4-year period.

The nature and extent of the interest of Participants is direct beneficial. The following CSP awards were
allocated to the Participants, off-market, and the prescribed clearance to trade was received:

 Participant                                  CSP awards – subject to    Indicative transaction value*,
                                         remaining with the Group and    based on the Company’s 20-day
                                               performance conditions     VWAP, as at 24 November 2021
                                                measured over 4 years              of R52.32 per Share*
 AE Dickson                                                   244 065                   R12 769 480.80
 NA Thomson                                                   145 275                    R7 600 788.00
 M Moodley                                                     76 015                    R3 977 104.80

* The transaction value relating to the CSP units is only indicative and is subject to performance
conditions. The actual transaction values will only be determinable when the CSP awards vest, in
accordance with the Rules, at the end of the 4-year performance period.


Sandton
29 November 2021

Sponsor
One Capital

Date: 29-11-2021 02:35:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story