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RCL FOODS LIMITED – Acceptance by directors of conditional share awards in terms of the RCL Foods Limited conditional share plan

RCL 201704280056A

Acceptance by directors of conditional share awards in terms of the RCL Foods Limited conditional share plan



RCL FOODS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1966/004972/06)

ISIN: ZAE000179438

Share Code: RCL



ACCEPTANCE BY DIRECTORS OF CONDITIONAL SHARE AWARDS IN TERMS OF THE RCL

FOODS LIMITED CONDITIONAL SHARE PLAN



As required in terms of the JSE Limited Listings Requirements, RCL Foods

Limited advises of the acceptance by directors of Conditional Shares

awarded to them in terms of the RCL Foods Limited Conditional Share Plan.

The Conditional Shares are subject to a 3-year vesting period, as well as

the fulfillment of employment and performance conditions.



Director : M Dally

Company : RCL Foods Limited

Date of transaction : 26 April 2017

Nature of transaction : Off-market acceptance of conditional

shares vesting in March 2020 subject

to the achievement of agreed targets

Class of securities : Ordinary shares

Number of conditional shares : 3,620,565

accepted

Total value of transaction* : R50,434,470.45

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director : R H Field

Company : RCL Foods Limited

Date of transaction : 26 April 2017

Nature of transaction : Off-market acceptance of conditional

shares vesting in March 2020 subject

to the achievement of agreed targets

Class of securities : Ordinary shares

Number of conditional shares : 1,448,226

accepted

Total value of transaction* : R20,173,788.18

Nature of interest : Direct beneficial

Clearance obtained : Yes



*Using the 5-day volume weighted average price of R13.93 as at 28 April 2017





Durban

28 April 2017



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)



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